NXP Semiconductors (NXPI) Lowered to Sell at BidaskClub

BidaskClub lowered shares of NXP Semiconductors (NASDAQ:NXPI) from a hold rating to a sell rating in a report published on Wednesday, January 10th.

NXPI has been the topic of a number of other reports. Mizuho restated a hold rating and issued a $110.00 price target on shares of NXP Semiconductors in a report on Wednesday, October 4th. Zacks Investment Research cut shares of NXP Semiconductors from a buy rating to a hold rating in a report on Wednesday, December 13th. Stifel Nicolaus restated a hold rating and issued a $110.00 price target on shares of NXP Semiconductors in a report on Wednesday, October 4th. Robert W. Baird restated a hold rating and issued a $110.00 price target on shares of NXP Semiconductors in a report on Friday, October 27th. Finally, Jefferies Group set a $115.00 price target on shares of NXP Semiconductors and gave the stock a hold rating in a report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $114.54.

NXP Semiconductors (NASDAQ NXPI) traded up $0.98 during midday trading on Wednesday, hitting $121.30. 3,659,635 shares of the stock were exchanged, compared to its average volume of 2,280,000. The company has a current ratio of 2.04, a quick ratio of 1.59 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $41,970.00, a PE ratio of 21.47, a PEG ratio of 0.89 and a beta of 0.82. NXP Semiconductors has a 12-month low of $97.75 and a 12-month high of $121.50.

A number of institutional investors have recently modified their holdings of NXPI. Schwab Charles Investment Management Inc. grew its holdings in NXP Semiconductors by 39.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 115,688 shares of the semiconductor provider’s stock worth $12,663,000 after acquiring an additional 32,770 shares in the last quarter. Prudential Financial Inc. lifted its position in shares of NXP Semiconductors by 29.6% during the second quarter. Prudential Financial Inc. now owns 37,413 shares of the semiconductor provider’s stock valued at $4,095,000 after buying an additional 8,550 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of NXP Semiconductors by 712.5% during the second quarter. Principal Financial Group Inc. now owns 176,973 shares of the semiconductor provider’s stock valued at $19,369,000 after buying an additional 155,191 shares during the last quarter. Commerce Bank purchased a new stake in shares of NXP Semiconductors during the second quarter valued at about $213,000. Finally, Commonwealth Bank of Australia lifted its position in shares of NXP Semiconductors by 0.8% during the second quarter. Commonwealth Bank of Australia now owns 1,665 shares of the semiconductor provider’s stock valued at $181,000 after buying an additional 14 shares during the last quarter. Institutional investors own 82.92% of the company’s stock.

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NXP Semiconductors Company Profile

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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