Jefferies Group Reaffirms Hold Rating for NXP Semiconductors (NXPI)

NXP Semiconductors (NASDAQ:NXPI)‘s stock had its “hold” rating reissued by analysts at Jefferies Group in a report released on Tuesday. They presently have a $120.00 price target on the semiconductor provider’s stock. Jefferies Group’s price objective would indicate a potential upside of 2.97% from the stock’s current price.

Other equities analysts have also issued reports about the stock. BidaskClub lowered shares of NXP Semiconductors from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. Needham & Company LLC reissued a “strong-buy” rating and issued a $130.00 target price (up from $110.00) on shares of NXP Semiconductors in a report on Thursday, February 1st. Zacks Investment Research raised shares of NXP Semiconductors from a “hold” rating to a “buy” rating and set a $131.00 target price on the stock in a report on Tuesday, October 31st. Mizuho reissued a “hold” rating and issued a $110.00 target price on shares of NXP Semiconductors in a report on Thursday, February 8th. Finally, Robert W. Baird reissued a “hold” rating and issued a $110.00 target price on shares of NXP Semiconductors in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $116.13.

NXP Semiconductors (NXPI) traded up $0.76 during mid-day trading on Tuesday, reaching $116.54. 1,876,500 shares of the company’s stock traded hands, compared to its average volume of 2,728,114. The company has a current ratio of 2.22, a quick ratio of 1.77 and a debt-to-equity ratio of 0.42. NXP Semiconductors has a 52-week low of $101.91 and a 52-week high of $121.50. The company has a market cap of $40,320.00, a price-to-earnings ratio of 18.15, a P/E/G ratio of 0.85 and a beta of 0.72.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Advisory Services Network LLC boosted its stake in shares of NXP Semiconductors by 5.5% in the 2nd quarter. Advisory Services Network LLC now owns 3,619 shares of the semiconductor provider’s stock valued at $396,000 after purchasing an additional 188 shares in the last quarter. Pennsylvania Trust Co boosted its position in NXP Semiconductors by 0.5% during the 4th quarter. Pennsylvania Trust Co now owns 89,838 shares of the semiconductor provider’s stock worth $10,519,000 after buying an additional 433 shares during the period. Baird Financial Group Inc. boosted its position in NXP Semiconductors by 2.5% during the 4th quarter. Baird Financial Group Inc. now owns 17,807 shares of the semiconductor provider’s stock worth $2,085,000 after buying an additional 441 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its position in NXP Semiconductors by 1.3% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 34,921 shares of the semiconductor provider’s stock worth $3,949,000 after buying an additional 453 shares during the period. Finally, CIBC Asset Management Inc boosted its position in NXP Semiconductors by 1.5% during the 3rd quarter. CIBC Asset Management Inc now owns 31,582 shares of the semiconductor provider’s stock worth $3,572,000 after buying an additional 472 shares during the period. Institutional investors own 82.44% of the company’s stock.

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About NXP Semiconductors

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.

Analyst Recommendations for NXP Semiconductors (NASDAQ:NXPI)

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