Nordic Semiconductor ASA (NDCVF) to Release Earnings on Thursday

Nordic Semiconductor ASA (OTCMKTS:NDCVF) will likely be issuing its results before the market opens on Thursday, August 6th. Analysts expect the company to post earnings of $0.0733 per share and revenue of $212.70 million for the quarter.

Nordic Semiconductor ASA Stock Performance

OTCMKTS:NDCVF opened at $16.91 on Wednesday. Nordic Semiconductor ASA has a 1 year low of $12.25 and a 1 year high of $23.29. The firm’s fifty day simple moving average is $18.41 and its 200 day simple moving average is $17.27.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Nordic Semiconductor ASA in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Nordic Semiconductor ASA currently has an average rating of “Reduce”.

Nordic Semiconductor ASA Company Profile

Nordic Semiconductor ASA is a Norway-based fabless semiconductor company specializing in ultra-low-power wireless communication solutions for the Internet of Things (IoT). Founded in 1983 and headquartered in Trondheim, the company designs and markets integrated circuits (ICs) and related software for short-range wireless applications. Its portfolio includes SoCs and modules supporting Bluetooth Low Energy, Thread, Zigbee, ANT and proprietary 2.4?GHz protocols, as well as cellular IoT technologies such as LTE-M and NB-IoT.

Nordic’s flagship product families, including the nRF52, nRF53 and nRF54 series, enable battery-powered devices across a wide range of markets.