Zacks Upgrades NXP Semiconductors to Outperform (NXPI)
NXP Semiconductors (NASDAQ:NXPI) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report issued on Monday, ARN reports. The firm currently has a $41.70 target price on the stock. Zacks‘ target price indicates a potential upside of 7.84% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Pacific Crest initiated coverage on shares of NXP Semiconductors in a research note to investors on Friday. They set an “outperform” rating and a $45.00 price target on the stock. Separately, analysts at Goldman Sachs Group Inc. downgraded shares of NXP Semiconductors from a “conviction-buy” rating to a “buy” rating in a research note to investors on Monday, September 23rd. Finally, analysts at Raymond James reiterated a “buy” rating on shares of NXP Semiconductors in a research note to investors on Friday, September 20th. They now have a $39.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $40.22.
NXP Semiconductors (NASDAQ:NXPI) traded down 1.34% on Monday, hitting $38.15. 1,550,329 shares of the company’s stock traded hands. 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 $37.36 and a 200-day moving average of $32.33. The company has a market cap of $9.501 billion and a P/E ratio of 102.30.
NXP Semiconductors N.V. (NASDAQ:NXPI) is a global semiconductor company and a supplier.
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