NXP Semiconductor NV (NXPI): Today's Featured Technology Winner

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

NXP Semiconductor ( NXPI) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole was unchanged today. By the end of trading, NXP Semiconductor rose $0.72 (1.6%) to $46.72 on average volume. Throughout the day, 3,231,740 shares of NXP Semiconductor exchanged hands as compared to its average daily volume of 3,042,500 shares. The stock ranged in a price between $45.85-$47.20 after having opened the day at $45.85 as compared to the previous trading day's close of $46.00. Other companies within the Technology sector that increased today were: Kingtone Wirelessinfo Solution ( KONE), up 148.5%, Ninetowns Internet Technology Group Company ( NINE), up 27.0%, Vimicro International Corporation ( VIMC), up 26.2% and NII Holdings ( NIHD), up 24.2%.

NXP Semiconductors N.V. provides mixed signal and standard product solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. It provides integrated circuits (ICs) and discrete semiconductors. NXP Semiconductor has a market cap of $11.2 billion and is part of the electronics industry. The company has a P/E ratio of 1513.0, above the S&P 500 P/E ratio of 17.7. Shares are up 0.1% year to date as of the close of trading on Thursday. Currently there are 10 analysts that rate NXP Semiconductor a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates NXP Semiconductor as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income and good cash flow from operations. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet.

On the negative front, Silver Spring Networks ( SSNI), down 24.7%, LDK Solar Company ( LDK), down 9.2%, Tucows ( TCX), down 9.1% and Harmonic ( HLIT), down 8.2% , were all laggards within the technology sector with Broadcom Corporation ( BRCM) being today's technology sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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