NXP Semiconductors N.V. (NXPI) Given Average Rating of “Hold” by Analysts
Shares of NXP Semiconductors N.V. (NASDAQ:NXPI) have been given a consensus rating of “Hold” by the twenty-five ratings firms that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $106.93.
Several equities research analysts have commented on NXPI shares. Zacks Investment Research raised shares of NXP Semiconductors N.V. from a “sell” rating to a “hold” rating in a report on Wednesday, April 5th. Instinet downgraded shares of NXP Semiconductors N.V. from a “buy” rating to a “neutral” rating and set a $110.00 price objective on the stock. in a report on Monday, May 8th. Nomura downgraded shares of NXP Semiconductors N.V. from a “buy” rating to a “neutral” rating in a report on Monday, May 8th. Mizuho reaffirmed a “hold” rating and set a $110.00 price objective on shares of NXP Semiconductors N.V. in a report on Wednesday, May 31st. Finally, Deutsche Bank AG downgraded shares of NXP Semiconductors N.V. from a “buy” rating to a “hold” rating and set a $110.00 price objective on the stock. in a report on Monday, June 19th.
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Shares of NXP Semiconductors N.V. (NASDAQ:NXPI) traded up 0.01% during midday trading on Tuesday, reaching $109.46. 1,521,680 shares of the company’s stock were exchanged. NXP Semiconductors N.V. has a 12 month low of $79.50 and a 12 month high of $109.98. The firm has a 50 day moving average price of $108.65 and a 200 day moving average price of $103.46. The company has a market cap of $27.56 billion, a P/E ratio of 20.04 and a beta of 0.90.
Hedge funds have recently modified their holdings of the company. NF Trinity Capital Hong Kong Ltd raised its stake in shares of NXP Semiconductors N.V. by 135.5% in the first quarter. NF Trinity Capital Hong Kong Ltd now owns 150,000 shares of the semiconductor provider’s stock valued at $170,000 after buying an additional 86,296 shares in the last quarter. Welch & Forbes LLC bought a new stake in NXP Semiconductors N.V. during the first quarter worth $204,000. Boston Family Office LLC bought a new stake in NXP Semiconductors N.V. during the first quarter worth $207,000. AQR Capital Management LLC bought a new stake in NXP Semiconductors N.V. during the fourth quarter worth $210,000. Finally, Assetmark Inc. raised its stake in NXP Semiconductors N.V. by 3.3% in the first quarter. Assetmark Inc. now owns 2,060 shares of the semiconductor provider’s stock worth $213,000 after buying an additional 66 shares during the period. 76.78% of the stock is owned by institutional investors and hedge funds.
About NXP Semiconductors N.V.
NXP Semiconductors N.V. (NXP) is a holding company. The Company operates as a semiconductor company. The Company provides high performance mixed signal and standard product solutions. The Company’s segments are High Performance Mixed Signal (HPMS), Standard Products (SP), and Corporate and Other. Its product solutions are used in a range of end-market applications, including automotive, personal security and identification, wireless and wireline infrastructure, mobile communications, multi-market industrial, consumer and computing.
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