NXP Semiconductors (NASDAQ:NXPI) has earned an average rating of “Hold” from the sixteen brokerages that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $120.88.
Several equities analysts have recently weighed in on NXPI shares. BidaskClub raised NXP Semiconductors from a “sell” rating to a “hold” rating in a report on Wednesday, March 21st. Morgan Stanley started coverage on NXP Semiconductors in a report on Monday, March 19th. They set an “equal weight” rating and a $127.50 price target on the stock. ValuEngine cut NXP Semiconductors from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Zacks Investment Research raised NXP Semiconductors from a “sell” rating to a “hold” rating in a report on Friday, January 26th. Finally, SunTrust Banks raised NXP Semiconductors from a “hold” rating to a “buy” rating in a report on Friday, April 27th.
A number of institutional investors have recently made changes to their positions in NXPI. Hsbc Holdings PLC raised its holdings in NXP Semiconductors by 71.7% in the 1st quarter. Hsbc Holdings PLC now owns 7,508,068 shares of the semiconductor provider’s stock worth $878,444,000 after purchasing an additional 3,135,818 shares during the period. ING Groep NV bought a new position in NXP Semiconductors in the 1st quarter worth $359,775,000. Canyon Capital Advisors LLC bought a new position in NXP Semiconductors in the 4th quarter worth $106,916,000. Renaissance Technologies LLC raised its holdings in NXP Semiconductors by 35.5% in the 4th quarter. Renaissance Technologies LLC now owns 3,251,504 shares of the semiconductor provider’s stock worth $380,719,000 after purchasing an additional 852,289 shares during the period. Finally, Athos Capital Ltd raised its holdings in NXP Semiconductors by 666.1% in the 1st quarter. Athos Capital Ltd now owns 912,278 shares of the semiconductor provider’s stock worth $106,737,000 after purchasing an additional 793,200 shares during the period. 83.22% of the stock is currently owned by institutional investors.
Shares of NASDAQ NXPI traded up $4.31 during midday trading on Monday, hitting $111.02. 12,273,109 shares of the stock traded hands, compared to its average volume of 9,630,263. The stock has a market capitalization of $36.67 billion, a price-to-earnings ratio of 15.46, a PEG ratio of 0.89 and a beta of 0.81. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.07 and a quick ratio of 1.68. NXP Semiconductors has a one year low of $90.83 and a one year high of $125.93.
About NXP Semiconductors
NXP Semiconductors N.V., a semiconductor company, provides high performance mixed signal solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. The company offers products for audio and visual head-end unit applications, such as single-chip radio solutions, multi-standard radios, audio amplifiers and power analog products, and i.MX applications processors; in-vehicle networking products; two-way secure entry products; various sensors and microcontrollers; power management solutions; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.
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