NXP Semiconductors N.V. (NASDAQ:NXPI) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday.

A number of other analysts have also recently weighed in on NXPI. BMO Capital Markets restated a “hold” rating and issued a $110.00 price target on shares of NXP Semiconductors N.V. in a research note on Friday. BidaskClub cut NXP Semiconductors N.V. from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Stifel Nicolaus restated a “hold” rating and issued a $110.00 price target on shares of NXP Semiconductors N.V. in a research note on Tuesday, July 4th. Jefferies Group LLC restated a “hold” rating and issued a $110.00 price target on shares of NXP Semiconductors N.V. in a research note on Monday, July 10th. Finally, Zacks Investment Research upgraded NXP Semiconductors N.V. from a “sell” rating to a “hold” rating in a research note on Wednesday, April 5th. Three research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $109.58.

Shares of NXP Semiconductors N.V. (NASDAQ NXPI) traded up 0.15% on Tuesday, reaching $109.71. The company had a trading volume of 2,426,004 shares. The firm has a market capitalization of $27.62 billion, a PE ratio of 20.08 and a beta of 0.90. The firm’s 50 day moving average is $109.30 and its 200 day moving average is $104.84. NXP Semiconductors N.V. has a 12 month low of $80.13 and a 12 month high of $109.98.

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Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in NXP Semiconductors N.V. by 2,546.6% in the first quarter. BlackRock Inc. now owns 11,852,113 shares of the semiconductor provider’s stock worth $1,226,696,000 after buying an additional 11,404,283 shares in the last quarter. Renaissance Technologies LLC raised its position in NXP Semiconductors N.V. by 155.6% in the first quarter. Renaissance Technologies LLC now owns 2,661,288 shares of the semiconductor provider’s stock worth $275,443,000 after buying an additional 1,620,200 shares in the last quarter. OZ Management LP raised its position in NXP Semiconductors N.V. by 55.6% in the first quarter. OZ Management LP now owns 4,297,878 shares of the semiconductor provider’s stock worth $444,831,000 after buying an additional 1,535,998 shares in the last quarter. FIL Ltd raised its position in NXP Semiconductors N.V. by 63.4% in the first quarter. FIL Ltd now owns 3,906,470 shares of the semiconductor provider’s stock worth $404,320,000 after buying an additional 1,515,559 shares in the last quarter. Finally, Tyrus Capital S.A.M. bought a new position in NXP Semiconductors N.V. during the first quarter worth about $109,710,000. 76.81% of the stock is currently owned by hedge funds and other institutional investors.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for NXP Semiconductors N.V. (NASDAQ:NXPI)

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