Nordic Semiconductor ASA (OTCMKTS:NDCVF) Receives Average Rating of “Reduce” from Brokerages

Nordic Semiconductor ASA (OTCMKTS:NDCVF) 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

NDCVF opened at $10.80 on Thursday. Nordic Semiconductor ASA has a 52-week low of $9.81 and a 52-week high of $19.25. The company has a 50 day moving average of $13.00 and a two-hundred day moving average of $12.76.

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.