Goldman Sachs Group Inc. Downgrades NXP Semiconductors to Buy (NXPI)
NXP Semiconductors (NASDAQ:NXPI) was downgraded by equities researchers at Goldman Sachs Group Inc. from a “conviction-buy” rating to a “buy” rating in a research report issued on Monday, TheFlyOnTheWall.com reports.
A number of other firms have also recently commented on NXPI. Analysts at Raymond James reiterated a “buy” rating on shares of NXP Semiconductors (NASDAQ:NXPI) in a research note to investors on Friday. They now have a $39.00 price target on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of NXP Semiconductors (NASDAQ:NXPI) from $40.00 to $50.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Finally, analysts at Zacks downgraded shares of NXP Semiconductors (NASDAQ:NXPI) from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, August 15th. They now have a $38.50 price target on the stock.
Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $38.40.
NXP Semiconductors (NASDAQ:NXPI) opened at 38.08 on Monday. NXP Semiconductors has a 52 week low of $20.57 and a 52 week high of $39.46. The stock has a 50-day moving average of $36.78 and a 200-day moving average of $31.90. The company has a market cap of $9.484 billion and a price-to-earnings ratio of 100.74.
NXP Semiconductors N.V. (NASDAQ:NXPI) is a global semiconductor company and a supplier.
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