Stock Investors Sell Off Shares of NXP Semiconductors, Down 2.0%

Published on Tue, 05/05/2015 - 12:12
By Mallory Stone in Market movers, nxpi, market movers, nasdaq:nxpi, nxp semiconductors

One of today's notable stocks in decline is NXP Semiconductors (NASDAQ:NXPI), down 2.6% to $97.54. The S&P is trading lower by 0.7% to 2,100 and the Dow is trading 0.4% lower to 17,995.

NXP Semiconductors share prices have moved between a 52-week high of $108.50 and a 52-week low of $53.81 and are now trading 81% above that low price at $97.54 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.8%.

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.

Potential upside of 16.1% exists for NXP Semiconductors, based on a current level of $97.54 and analysts' average consensus price target of $113.26. NXP Semiconductors shares should encounter resistance at the 50-day moving average (MA) of $98.88 and support at its 200-day MA of $78.30.

By Mallory Stone
mstone@fnno.com

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