NXP Semiconductors NV (NXPI) rated Overweight with price target $30 by Barclays Capital
NXP Semiconductors NV (NASDAQ: NXPI)
rated Overweight with price target $30 by Barclays Capital.
NXP Semiconductors N.V. (NXP) is a global semiconductor company and a supplier. The Company provides High-Performance Mixed-Signal and Standard Products solutions. NXP?s product solutions are used in a wide range of automotive, identification, wireless infrastructure, lighting, industrial, mobile, consumer and computing applications. It is engaged with original equipment manufacturers (OEMs) worldwide and over 58% of its sales are derived from Asia Pacific (excluding Japan). The Company operates in four segments: High- Performance Mixed-Signal, Standard Products, Manufacturing Operations and Corporate and Other. On February 23, 2010, NXP acquired the 50% stake owned by Sony Corporation (Sony) in Moversa GmbH (Moversa), and merged Moversa with its subsidiary NXP Semiconductors Austria GmbH. On February 8, 2010, Trident Microsystems, Inc. (Trident) completed its acquisition of its television systems and set-top box business lines. As a result of the transaction, NXP owns 60% of Trident.
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