Nordic Semiconductor ASA (OTCMKTS:NDCVF) Stock Price Up 3% – Time to Buy?

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

Wall Street Analysts Forecast Growth

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

Nordic Semiconductor ASA Stock Up 3.0%

The business has a 50 day moving average price of $17.58 and a two-hundred day moving average price of $17.60.

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.