NXP Semiconductors (NASDAQ:NXPI) Upgraded to “Buy” at StockNews.com

NXP Semiconductors (NASDAQ:NXPI) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Tuesday.

Several other research analysts have also weighed in on the company. TD Cowen lowered their price objective on NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $270.00 price objective on shares of NXP Semiconductors in a research note on Monday, November 4th. Wells Fargo & Company began coverage on NXP Semiconductors in a report on Friday, November 22nd. They issued an “overweight” rating and a $250.00 target price on the stock. Susquehanna cut their price objective on shares of NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating on the stock in a report on Wednesday, November 6th. Finally, Oppenheimer dropped their target price on shares of NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, NXP Semiconductors currently has an average rating of “Moderate Buy” and a consensus target price of $271.60.

NXP Semiconductors Price Performance

NXPI traded down $0.48 on Tuesday, reaching $214.88. 3,237,060 shares of the company’s stock were exchanged, compared to its average volume of 2,159,011. NXP Semiconductors has a twelve month low of $202.25 and a twelve month high of $296.08. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.35 and a quick ratio of 1.60. The stock has a market cap of $54.61 billion, a PE ratio of 20.50, a P/E/G ratio of 3.23 and a beta of 1.47. The stock’s fifty day moving average price is $217.27 and its 200-day moving average price is $235.49.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.43 by $0.02. The firm had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.25 billion. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. NXP Semiconductors’s revenue was down 5.4% compared to the same quarter last year. During the same period last year, the business earned $3.31 earnings per share. Sell-side analysts expect that NXP Semiconductors will post 11.33 EPS for the current year.

Institutional Trading of NXP Semiconductors

A number of institutional investors have recently modified their holdings of NXPI. Crumly & Associates Inc. increased its position in shares of NXP Semiconductors by 2.0% in the 3rd quarter. Crumly & Associates Inc. now owns 2,274 shares of the semiconductor provider’s stock worth $546,000 after purchasing an additional 45 shares during the last quarter. Sterling Investment Counsel LLC lifted its stake in NXP Semiconductors by 5.7% in the third quarter. Sterling Investment Counsel LLC now owns 850 shares of the semiconductor provider’s stock valued at $204,000 after buying an additional 46 shares during the last quarter. Ascent Group LLC boosted its holdings in shares of NXP Semiconductors by 0.4% during the third quarter. Ascent Group LLC now owns 12,498 shares of the semiconductor provider’s stock valued at $3,000,000 after acquiring an additional 46 shares during the period. Central Bank & Trust Co. grew its position in NXP Semiconductors by 1.1% in the 4th quarter. Central Bank & Trust Co. now owns 4,412 shares of the semiconductor provider’s stock worth $917,000 after purchasing an additional 48 shares during the last quarter. Finally, Farmers National Bank increased its position in NXP Semiconductors by 6.1% in the 2nd quarter. Farmers National Bank now owns 899 shares of the semiconductor provider’s stock valued at $242,000 after acquiring an additional 52 shares during the period. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Company Profile

NXP Semiconductors N.V. offers various semiconductor products. The company's product portfolio includes microcontrollers; application processors, including i.MX application processors, and i.MX 8 and 9 family of applications processors; communication processors; wireless connectivity solutions, such as near field communications, ultra-wideband, Bluetooth low-energy, Zigbee, and Wi-Fi and Wi-Fi/Bluetooth integrated SoCs; analog and interface devices; radio frequency power amplifiers; and security controllers, as well as semiconductor-based environmental and inertial sensors, including pressure, inertial, magnetic, and gyroscopic sensors.