Nordic Semiconductor ASA (OTCMKTS:NDCVF) Stock Price Down 5.7% – What’s Next?

Shares of Nordic Semiconductor ASA (OTCMKTS:NDCVF) dropped 5.7% on Tuesday . The stock traded as low as $20.9780 and last traded at $21.2050. Approximately 10,920 shares were traded during mid-day trading, an increase of 80% from the average daily volume of 6,083 shares. The stock had previously closed at $22.4940.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Nordic Semiconductor ASA in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Sell”.

Nordic Semiconductor ASA Price Performance

The business has a 50-day moving average of $17.06 and a 200 day moving average of $14.90.

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.