Nordic Semiconductor ASA (OTCMKTS:NDCVF – Get Free Report) has been given an average rating of “Reduce” by the seven analysts that are covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company.
Several research analysts have recently weighed in on NDCVF shares. Deutsche Bank Aktiengesellschaft downgraded shares of Nordic Semiconductor ASA from a “buy” rating to a “hold” rating in a research note on Wednesday, July 26th. Barclays initiated coverage on shares of Nordic Semiconductor ASA in a research note on Wednesday, August 30th. They issued an “underweight” rating for the company. Morgan Stanley initiated coverage on shares of Nordic Semiconductor ASA in a report on Tuesday, June 13th. They set an “equal weight” rating for the company. Jefferies Financial Group initiated coverage on shares of Nordic Semiconductor ASA in a report on Friday, July 14th. They set a “buy” rating for the company. Finally, Nordea Equity Research raised shares of Nordic Semiconductor ASA from a “sell” rating to a “buy” rating in a report on Tuesday, June 20th.
Nordic Semiconductor ASA Stock Performance
About Nordic Semiconductor ASA
Nordic Semiconductor ASA, a fabless semiconductor company, designs, sells, and delivers integrated circuits (ICs) and related products and services for use in short- and long- range wireless applications in Europe, the Americas, and the Asia/Pacific. The company offers bluetooth and multiprotocol Systems-on-Chip (SoCs) that provides short-range connectivity; and Systems-in-Package (SiPs), which offers connectivity on long-range LTE-M and NB-IoT cellular networks.
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