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Shares of NXP Semiconductors Under Pressure, Down 1.9%

Published on Tue, 02/26/2013 - 13:24
By Adrienne Chilton

NXP Semiconductors (NASDAQ:NXPI) is one of today's notable stocks in decline, down 1.9% to $30.85. The S&P is currently trading 0.3% higher to 1,493 and the Dow Jones Industrial Average is trading 0.7% higher to 13,877.

Over the past year, NXP Semiconductors has traded in a range of $18.57 to $32.99 and is now at $30.85, 66% above that low. The 200-day and 50-day moving averages have moved 0.42% higher and 1.54% higher over the past week, respectively.

NXP Semiconductors NV operates as a global semiconductor company. The Company designs semiconductors and software for mobile communications, consumer electronics, security applications, in-car entertainment, and networking. NXP offers its products to the automotive, identification, wireless infrastructure, lighting, mobile, and computing applications.

NXP Semiconductors (NASDAQ:NXPI) has potential upside of 16.0% based on a current price of $30.85 and analysts' consensus price target of $35.80. The stock should find initial support at its 50-day moving average (MA) of $28.77 and further support at its 200-day MA of $24.56.

By Adrienne Chilton