NXP Semiconductors NV’s (NXPI) Buy Rating Reaffirmed at Nomura
NXP Semiconductors NV (NASDAQ:NXPI)‘s stock had its “buy” rating reiterated by Nomura in a note issued to investors on Wednesday. They presently have a $120.00 target price on the semiconductor provider’s stock, up from their previous target price of $95.00. Nomura’s target price points to a potential upside of 16.52% from the company’s current price.
Several other analysts also recently issued reports on NXPI. Vetr upgraded NXP Semiconductors NV from a “buy” rating to a “strong-buy” rating and set a $115.48 price target for the company in a report on Monday, October 3rd. Deutsche Bank AG reiterated a “buy” rating and issued a $110.00 price target on shares of NXP Semiconductors NV in a report on Friday, September 30th. SunTrust Banks Inc. reiterated a “buy” rating on shares of NXP Semiconductors NV in a report on Saturday, October 1st. Jefferies Group restated a “buy” rating and set a $130.00 target price (up from $96.12) on shares of NXP Semiconductors NV in a research note on Friday, September 30th. Finally, AlphaValue downgraded NXP Semiconductors NV to a “buy” rating in a research note on Friday, September 30th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company. NXP Semiconductors NV currently has a consensus rating of “Buy” and an average target price of $106.79.
NXP Semiconductors NV (NASDAQ:NXPI) traded down 0.48% during mid-day trading on Wednesday, hitting $102.99. The stock had a trading volume of 4,721,426 shares. The company has a 50-day moving average of $88.80 and a 200-day moving average of $85.70. The firm has a market cap of $25.93 billion, a PE ratio of 33.37 and a beta of 1.63. NXP Semiconductors NV has a 12-month low of $61.61 and a 12-month high of $105.29.
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NXP Semiconductors NV (NASDAQ:NXPI) last issued its earnings results on Wednesday, July 27th. The semiconductor provider reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.04. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.35 billion. NXP Semiconductors NV had a return on equity of 14.34% and a net margin of 11.95%. The business’s quarterly revenue was up 57.0% on a year-over-year basis. During the same period last year, the company posted $1.44 EPS. Analysts expect that NXP Semiconductors NV will post $5.75 earnings per share for the current year.
A number of institutional investors have recently bought and sold shares of NXPI. Prudential Financial Inc. boosted its position in NXP Semiconductors NV by 1,625.2% in the first quarter. Prudential Financial Inc. now owns 251,304 shares of the semiconductor provider’s stock valued at $20,373,000 after buying an additional 236,737 shares during the last quarter. BlackRock Group LTD raised its stake in shares of NXP Semiconductors NV by 4.3% in the first quarter. BlackRock Group LTD now owns 1,647,391 shares of the semiconductor provider’s stock worth $133,554,000 after buying an additional 68,568 shares during the period. BlackRock Institutional Trust Company N.A. raised its stake in shares of NXP Semiconductors NV by 3.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,062,138 shares of the semiconductor provider’s stock worth $167,178,000 after buying an additional 63,310 shares during the period. TimesSquare Capital Management LLC raised its stake in shares of NXP Semiconductors NV by 8.2% in the first quarter. TimesSquare Capital Management LLC now owns 978,600 shares of the semiconductor provider’s stock worth $79,335,000 after buying an additional 73,900 shares during the period. Finally, Investec Asset Management LTD raised its stake in shares of NXP Semiconductors NV by 16.3% in the first quarter. Investec Asset Management LTD now owns 2,946,558 shares of the semiconductor provider’s stock worth $238,877,000 after buying an additional 413,778 shares during the period. Hedge funds and other institutional investors own 85.49% of the company’s stock.
NXP Semiconductors NV Company Profile
NXP Semiconductors N.V. (NXP) is a holding company. The Company operates as a semiconductor company and a long-standing supplier. The Company provides high performance mixed signal and standard product solutions. The Company’s segments include High Performance Mixed Signal (HPMS), Standard Products (SP), and Corporate and Other.
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