TheStreet recently reported that NXP Semiconductors NV (NXPI) shares had an uptrend of 2.66% this day’s pre-market trading ($68.74).
NXPI shares outperformance is associated with Apple Inc. (APPL), which is scheduled to release its new iPhone 6 or flagship phone. NXPI and APPL teamed up for improving near-field communications (NFC) technology in the new flagship Apple mobile.
NFC enables the easy connection of devices by tapping them at once. The latest iPhone is set for launching on September 9 in Cupertino, California.
At present, NXPI has a rating of B or Buy. The recommendation is set by TheStreet in consideration to the strengths of the firm. NXPI exhibited its growth in terms of earnings per share (EPS) boost, returns improvements, reasonable return on equity, acceptable operating cash flow, and net income expansion. TheStreet considers the strengths impacting how the company applies its risk management for high debts.
Highlights of the B rating bestowed to NXPI included the revenue growth of the firm by 13.6%, which bettered the industry standard of 9.1%. The company’s earnings per share (EPS) also augmented during the quarter by 48.8%. TheStreet estimated that the improved EPS will continue over time.
Improvements in NXPI balance sheet also accentuated its return on equity, net income, and operating cash flow among others.