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NXP Semiconductors Stock Climbs 23%

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us

Shares of NXP Semiconductors N.V. (NXPI) are moving up about 23 percent on Wednesday morning trading, possibly influenced by yesterday's announcement of a surge in first-quarter earnings to $1.12 billion, or $4.43 per share, from last year's $490 million, or $1.92 per share.

The company's shares are currently trading at $285.26 on the Nasdaq, up 23.95 percent. The stock opened at $281.41 and has climbed as high as $289.12 so far today. Over the past year, it has traded in a range of $176.26 to $289.12.

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