NXP Semiconductors (NASDAQ:NXPI) Upgraded at StockNews.com

NXP Semiconductors (NASDAQ:NXPI) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

Several other equities analysts also recently weighed in on NXPI. Mizuho boosted their target price on NXP Semiconductors from $220.00 to $225.00 and gave the company a “neutral” rating in a research report on Wednesday, February 7th. Morgan Stanley boosted their target price on NXP Semiconductors from $221.00 to $224.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. Cantor Fitzgerald boosted their target price on NXP Semiconductors from $270.00 to $290.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Barclays raised NXP Semiconductors from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $200.00 to $260.00 in a research report on Tuesday, January 16th. Finally, Susquehanna boosted their target price on NXP Semiconductors from $200.00 to $225.00 and gave the company a “neutral” rating in a research report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, NXP Semiconductors has a consensus rating of “Moderate Buy” and an average target price of $239.58.

NXP Semiconductors Stock Down 1.5 %

Shares of NXPI opened at $230.11 on Tuesday. The stock has a market capitalization of $59.01 billion, a price-to-earnings ratio of 21.49, a price-to-earnings-growth ratio of 0.88 and a beta of 1.59. NXP Semiconductors has a 1 year low of $155.31 and a 1 year high of $264.26. The business’s 50 day simple moving average is $241.66 and its 200-day simple moving average is $218.13. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.91 and a quick ratio of 1.39.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.33 by $0.04. The business had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.40 billion. NXP Semiconductors had a return on equity of 38.94% and a net margin of 21.07%. As a group, equities analysts expect that NXP Semiconductors will post 12.28 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NXP Semiconductors

A number of hedge funds and other institutional investors have recently made changes to their positions in NXPI. Norges Bank bought a new position in shares of NXP Semiconductors during the 4th quarter worth $762,077,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in shares of NXP Semiconductors by 893.2% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,332,578 shares of the semiconductor provider’s stock worth $535,747,000 after purchasing an additional 2,097,727 shares during the last quarter. Moneta Group Investment Advisors LLC purchased a new stake in shares of NXP Semiconductors during the 4th quarter worth $267,123,000. Price T Rowe Associates Inc. MD lifted its stake in shares of NXP Semiconductors by 44.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,417,231 shares of the semiconductor provider’s stock worth $823,704,000 after purchasing an additional 1,360,582 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado purchased a new stake in shares of NXP Semiconductors during the 4th quarter worth $164,044,000. Institutional investors own 90.54% of the company’s stock.

About NXP Semiconductors

NXP Semiconductors N.V. offers various semiconductor products. The company's product portfolio includes microcontrollers; application processors, including i.MX application processors, and i.MX 8 and 9 family of applications processors; communication processors; wireless connectivity solutions, such as near field communications, ultra-wideband, Bluetooth low-energy, Zigbee, and Wi-Fi and Wi-Fi/Bluetooth integrated SoCs; analog and interface devices; radio frequency power amplifiers; and security controllers, as well as semiconductor-based environmental and inertial sensors, including pressure, inertial, magnetic, and gyroscopic sensors.