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NXP Semiconductors NV (NASDAQ:NXPI) was downgraded by stock analysts at Goldman Sachs from a “neutral” rating to a “sell” rating in a report issued on Monday, TheFlyOnTheWall.com reports. They currently have a $54.00 price objective on the stock, down from their previous price objective of $58.00. Goldman Sachs’ target price suggests a potential downside of 15.48% from the company’s current price.

NXPI has been the subject of a number of other recent research reports. Analysts at Stifel Nicolaus initiated coverage on shares of NXP Semiconductors NV in a research note on Friday. They set a “buy” rating and a $78.00 price target on the stock. Separately, analysts at Canaccord Genuity initiated coverage on shares of NXP Semiconductors NV in a research note on Friday, August 8th. They set a “buy” rating and a $78.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of NXP Semiconductors NV in a research note on Friday, July 25th. They now have a $75.00 price target on the stock, up previously from $68.00. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, fifteen have issued a buy rating and three have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $70.84.

Shares of NXP Semiconductors NV (NASDAQ:NXPI) opened at 62.59 on Monday. NXP Semiconductors NV has a 1-year low of $34.66 and a 1-year high of $67.79. The stock’s 50-day moving average is $64.44 and its 200-day moving average is $60.01. The company has a market cap of $15.757 billion and a price-to-earnings ratio of 31.15.

NXP Semiconductors NV (NASDAQ:NXPI) last released its earnings data on Wednesday, July 23rd. The company reported $1.09 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.05 by $0.04. On average, analysts predict that NXP Semiconductors NV will post $4.65 earnings per share for the current fiscal year.

NXP Semiconductors N.V. (NASDAQ:NXPI) is a holding company.

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