Nordic Semiconductor ASA (OTCMKTS:NDCVF) Trading Up 3% – What’s Next?

Nordic Semiconductor ASA (OTCMKTS:NDCVF) traded up 3% during trading on Friday . The company traded as high as $17.50 and last traded at $17.50. Approximately 17,280 shares were traded during trading, an increase of 203% from the average session volume of 5,698 shares. The stock had previously closed at $16.99.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Nordic Semiconductor ASA in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Reduce”.

Nordic Semiconductor ASA Stock Performance

The company’s 50 day moving average price is $17.58 and its 200-day moving average price is $17.60.

About Nordic Semiconductor ASA

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.