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

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

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft reiterated 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 given a Sell rating to the company. According to data from MarketBeat.com, Nordic Semiconductor ASA currently has an average rating of “Reduce”.

Nordic Semiconductor ASA Price Performance

The firm has a 50-day simple moving average of $17.58 and a 200 day simple moving average 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.