Sanford C. Bernstein Analysts Give NXP Semiconductors NV (NXPI) a $110.00 Price Target
NXP Semiconductors NV (NASDAQ:NXPI) has been given a $110.00 price target by equities research analysts at Sanford C. Bernstein in a report released on Thursday. The firm currently has a a “buy” rating on the semiconductor provider’s stock. Sanford C. Bernstein’s price objective would suggest a potential upside of 7.07% from the stock’s current price.
Several other analysts have also recently weighed in on the stock. Bank of America Corp. cut shares of NXP Semiconductors NV from a “buy” rating to a “neutral” rating in a report on Monday, June 27th. TheStreet upgraded shares of NXP Semiconductors NV from a “hold” rating to a “buy” rating in a report on Monday, August 15th. Summit Redstone restated a “buy” rating and set a $91.00 target price on shares of NXP Semiconductors NV in a report on Wednesday, July 20th. Nomura restated a “buy” rating and set a $95.00 target price on shares of NXP Semiconductors NV in a report on Wednesday, September 14th. Finally, Zacks Investment Research cut shares of NXP Semiconductors NV from a “hold” rating to a “sell” rating in a report on Wednesday, September 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-six have given a buy rating and two have issued a strong buy rating to the stock. NXP Semiconductors NV currently has a consensus rating of “Buy” and an average price target of $106.79.
NXP Semiconductors NV (NASDAQ:NXPI) traded down 1.23% during trading on Thursday, reaching $101.48. 2,638,667 shares of the company traded hands. The company’s 50-day moving average price is $90.01 and its 200 day moving average price is $86.15. NXP Semiconductors NV has a 52 week low of $61.61 and a 52 week high of $105.29. The firm has a market capitalization of $25.55 billion, a price-to-earnings ratio of 32.88 and a beta of 1.63.
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NXP Semiconductors NV (NASDAQ:NXPI) last released its quarterly earnings results on Wednesday, July 27th. The semiconductor provider reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.04. The business had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.35 billion. NXP Semiconductors NV had a net margin of 11.95% and a return on equity of 14.34%. The firm’s revenue for the quarter was up 57.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.44 earnings per share. On average, equities research analysts expect that NXP Semiconductors NV will post $5.75 EPS for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. MCF Advisors LLC increased its position in shares of NXP Semiconductors NV by 542.2% in the second quarter. MCF Advisors LLC now owns 1,445 shares of the semiconductor provider’s stock worth $113,000 after buying an additional 1,220 shares during the period. J.Safra Asset Management Corp bought a new position in shares of NXP Semiconductors NV during the second quarter worth about $114,000. Coconut Grove Bank increased its position in shares of NXP Semiconductors NV by 5.7% in the second quarter. Coconut Grove Bank now owns 1,474 shares of the semiconductor provider’s stock worth $115,000 after buying an additional 80 shares during the period. Parkside Financial Bank & Trust increased 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 during the last quarter. Finally, Johnson Financial Group Inc. increased 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 during the last quarter. Institutional investors own 85.50% 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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