NXP Semiconductors (NASDAQ:NXPI) had its price target decreased by Citigroup from $94.00 to $88.00 in a research report released on Friday. Citigroup currently has a hold rating on the semiconductor provider’s stock.
Other research analysts also recently issued reports about the company. Deutsche Bank raised NXP Semiconductors from a hold rating to a buy rating and cut their target price for the stock from $127.50 to $107.00 in a report on Thursday, July 26th. SunTrust Banks raised NXP Semiconductors from a hold rating to a buy rating in a report on Thursday, July 26th. Mizuho raised NXP Semiconductors from a neutral rating to a buy rating in a report on Friday, July 27th. Jefferies Financial Group raised NXP Semiconductors from a hold rating to a buy rating and set a $80.00 target price on the stock in a report on Friday, July 27th. Finally, Zacks Investment Research raised NXP Semiconductors from a hold rating to a buy rating and set a $107.00 target price on the stock in a report on Friday, August 3rd. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company’s stock. NXP Semiconductors has an average rating of Hold and an average price target of $103.38.
NXPI traded down $2.08 during midday trading on Friday, hitting $82.00. 169,540 shares of the company were exchanged, compared to its average volume of 6,727,106. The company has a market capitalization of $28.89 billion, a PE ratio of 11.42, a PEG ratio of 0.70 and a beta of 0.90. NXP Semiconductors has a 1-year low of $69.72 and a 1-year high of $125.93. The company has a current ratio of 1.22, a quick ratio of 0.87 and a debt-to-equity ratio of 0.50.
Several large investors have recently made changes to their positions in NXPI. First Quadrant L P CA bought a new stake in NXP Semiconductors in the 3rd quarter valued at about $108,000. Signaturefd LLC increased its position in NXP Semiconductors by 299.2% in the 2nd quarter. Signaturefd LLC now owns 1,062 shares of the semiconductor provider’s stock valued at $116,000 after buying an additional 796 shares in the last quarter. Willingdon Wealth Management bought a new stake in NXP Semiconductors in the 3rd quarter valued at about $121,000. Princeton Capital Management LLC bought a new stake in NXP Semiconductors in the 2nd quarter valued at about $127,000. Finally, Benjamin F. Edwards & Company Inc. increased its position in NXP Semiconductors by 221.1% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 2,408 shares of the semiconductor provider’s stock valued at $206,000 after buying an additional 1,658 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors.
NXP Semiconductors Company Profile
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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