NXP Semiconductors NV (NXPI) Raised to “Strong-Buy” at Vetr Inc.
NXP Semiconductors NV (NASDAQ:NXPI) was upgraded by research analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research note issued on Wednesday.
Other equities analysts have also issued reports about the stock. SunTrust Banks Inc. restated a “buy” rating on shares of NXP Semiconductors NV in a report on Saturday, June 25th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $110.00 target price on shares of NXP Semiconductors NV in a research note on Tuesday, June 21st. Nomura reaffirmed a “buy” rating and issued a $100.00 target price on shares of NXP Semiconductors NV in a research note on Monday, June 20th. Drexel Hamilton reaffirmed a “buy” rating on shares of NXP Semiconductors NV in a research note on Wednesday, June 15th. Finally, Morgan Stanley reaffirmed a “buy” rating on shares of NXP Semiconductors NV in a research note on Wednesday, June 15th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twenty-six have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $106.79.
Shares of NXP Semiconductors NV (NASDAQ:NXPI) traded up 0.79% during midday trading on Wednesday, hitting $102.74. 2,852,418 shares of the company’s stock were exchanged. The company has a 50-day moving average of $89.61 and a 200-day moving average of $86.03. NXP Semiconductors NV has a 52 week low of $61.61 and a 52 week high of $105.29. The firm has a market cap of $25.87 billion, a price-to-earnings ratio of 33.29 and a beta of 1.63.
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NXP Semiconductors NV (NASDAQ:NXPI) last announced its quarterly earnings data on Wednesday, July 27th. The semiconductor provider reported $1.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.04. NXP Semiconductors NV had a net margin of 11.95% and a return on equity of 14.34%. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same period in the prior year, the business posted $1.44 earnings per share. NXP Semiconductors NV’s revenue was up 57.0% compared to the same quarter last year. Equities research analysts expect that NXP Semiconductors NV will post $5.75 EPS for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the stock. MCF Advisors LLC raised its position in NXP Semiconductors NV by 542.2% in the second quarter. MCF Advisors LLC now owns 1,445 shares of the semiconductor provider’s stock valued at $113,000 after buying an additional 1,220 shares in the last quarter. J.Safra Asset Management Corp purchased a new position in NXP Semiconductors NV during the second quarter valued at approximately $114,000. Coconut Grove Bank raised its position in NXP Semiconductors NV by 5.7% in the second quarter. Coconut Grove Bank now owns 1,474 shares of the semiconductor provider’s stock valued at $115,000 after buying an additional 80 shares in the last quarter. Parkside Financial Bank & Trust raised its position in NXP Semiconductors NV by 21.7% in the second quarter. Parkside Financial Bank & Trust now owns 1,650 shares of the semiconductor provider’s stock valued at $129,000 after buying an additional 294 shares in the last quarter. Finally, Johnson Financial Group Inc. raised its position in NXP Semiconductors NV by 260.4% in the second quarter. Johnson Financial Group Inc. now owns 1,831 shares of the semiconductor provider’s stock valued at $143,000 after buying an additional 1,323 shares in the last quarter. 85.50% of the stock is currently owned by hedge funds and other institutional investors.
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.
To view Vetr’s full report, visit Vetr’s official website.
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