NXP Semiconductors Lowered to Neutral at Goldman Sachs Group Inc. (NXPI)
NXP Semiconductors (NASDAQ:NXPI) was downgraded by Goldman Sachs Group Inc. from a “buy” rating to a “neutral” rating in a research note issued on Thursday, TheFlyOnTheWall.com reports.
NXP Semiconductors (NASDAQ:NXPI) opened at 45.93 on Thursday. NXP Semiconductors has a 1-year low of $24.66 and a 1-year high of $46.32. The stock’s 50-day moving average is $42.84 and its 200-day moving average is $37.72. The company has a market cap of $11.307 billion and a P/E ratio of 85.25.
NXP Semiconductors (NASDAQ:NXPI) last released its earnings data on Thursday, October 24th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.04. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.26 billion. Analysts expect that NXP Semiconductors will post $3.24 EPS for the current fiscal year.
NXPI has been the subject of a number of other recent research reports. Analysts at Drexel Hamilton initiated coverage on shares of NXP Semiconductors in a research note to investors on Wednesday, November 13th. They set a “buy” rating and a $50.00 price target on the stock. Separately, analysts at Zacks downgraded shares of NXP Semiconductors from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, November 12th. They now have a $45.70 price target on the stock. Finally, analysts at Topeka Capital Markets raised their price target on shares of NXP Semiconductors from $42.00 to $46.00 in a research note to investors on Friday, October 25th. They now have a “buy” rating on the stock. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. NXP Semiconductors currently has a consensus rating of “Buy” and a consensus price target of $48.14.
NXP Semiconductors N.V. (NASDAQ:NXPI) is a global semiconductor company and a supplier.
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