Strong Upward Pre-Market Activity For NXP Semiconductors (NXPI)

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.

Trade-Ideas LLC identified NXP Semiconductors ( NXPI) as a pre-market leader candidate. In addition to specific proprietary factors, Trade-Ideas identified NXP Semiconductors as such a stock due to the following factors:

  • NXPI has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $207.3 million.
  • NXPI traded 24,947 shares today in the pre-market hours as of 7:39 AM.
  • NXPI is up 4.2% today from yesterday's close.

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More details on NXPI:

NXP Semiconductors N.V. provides high performance mixed signal and standard product solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. NXPI has a PE ratio of 35.0. Currently there are 12 analysts that rate NXP Semiconductors a buy, no analysts rate it a sell, and 1 rates it a hold.

The average volume for NXP Semiconductors has been 2.8 million shares per day over the past 30 days. NXP Semiconductors has a market cap of $15.5 billion and is part of the technology sector and electronics industry. The stock has a beta of 2.25 and a short float of 0.8% with 1.11 days to cover. Shares are up 42.7% year-to-date as of the close of trading on Wednesday.

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