The Relative Strength (RS) Rating for NXP Semiconductors (NXPI) climbed to a higher percentile Friday, as it got a lift from 63 to 72. NXP stock is fighting to hold strong gains over the past year after a remarkable turnaround.
The 72 RS Rating means NXP stock’s price has outperformed 72% of all stocks over the past year. NXP makes mixed-signal, analog and power management chips for a variety of industries including autos, networking computers and Internet of Things among others.
NXP Stock Saw Nearly Fourfold Increase
The market’s biggest winners often have an RS Rating of above 80 in the early stages of their moves. See if NXP stock can continue to show renewed price strength and clear that threshold. NXP rose from a Covid intraday low of 58.41 in late March 2020 to a 228.72 high on Aug. 30. It’s been mostly in a holding pattern since then and traded at 201.12 Friday afternoon, roughly unchanged for the day.
Among other ratings, Netherlands-based NXP has an 83 Composite Rating, putting it in the top 17% of stocks on key technical and fundamental metrics. Its mild 66 EPS Rating reflects weak earnings a year ago, which have since improved as chipmakers ramp up production to meet swelling demand.
Meanwhile, top and bottom line growth moved higher in the company’s most recent quarter. Earnings jumped 284% to $1.42 per share, reversing from a 77-cent per share loss a year ago. Additionally, revenue shot up 43% to $2.6 billion. Keep an eye out for the company’s next round of numbers on or around Oct. 26.
NXP stock holds the No. 16 rank among its peers in the Electronics-Semiconductor Fabless industry group. Advanced Micro Devices (AMD) and Lattice Semiconductor (LSCC) are among the group’s highest-rated stocks.
NXP stock is building a consolidation with a 228.82 entry. See if the stock can clear the breakout price in heavy trade.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD’s unique Relative Strength Rating measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock’s price behavior over the last 52 weeks stacks up against all the other stocks in our database.
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