NXP Semiconductors (NASDAQ:NXPI) had its price target raised by BMO Capital Markets from $70.00 to $75.00 in a research note released on Friday. They currently have a market perform rating on the semiconductor provider’s stock.
Several other analysts have also recently issued reports on the stock. Citigroup lowered their price objective on shares of NXP Semiconductors from $94.00 to $88.00 and set a hold rating for the company in a research note on Friday. SunTrust Banks boosted their price objective on shares of NXP Semiconductors to $99.00 and gave the company a buy rating in a research note on Friday. They noted that the move was a valuation call. Cowen lowered their price objective on shares of NXP Semiconductors from $114.00 to $110.00 and set an outperform rating for the company in a research note on Friday. Stifel Nicolaus reissued a sell rating on shares of NXP Semiconductors in a research note on Thursday, November 1st. Finally, Needham & Company LLC lowered their price objective on shares of NXP Semiconductors to $100.00 and set a buy rating for the company in a research note on Friday, October 26th. Three analysts have rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the stock. NXP Semiconductors has an average rating of Hold and a consensus target price of $103.38.
Shares of NXPI opened at $82.86 on Friday. NXP Semiconductors has a fifty-two week low of $69.72 and a fifty-two week high of $125.93. The firm has a market capitalization of $28.89 billion, a price-to-earnings ratio of 11.54, a price-to-earnings-growth ratio of 0.70 and a beta of 0.90. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.22 and a quick ratio of 0.87.
A number of institutional investors have recently made changes to their positions in the stock. Third Point LLC purchased a new stake in NXP Semiconductors during the 2nd quarter worth $1,174,652,000. Swiss National Bank boosted its position in NXP Semiconductors by 7.8% during the 2nd quarter. Swiss National Bank now owns 1,838,729 shares of the semiconductor provider’s stock worth $200,918,000 after purchasing an additional 133,400 shares during the period. Omni Partners LLP boosted its position in NXP Semiconductors by 0.5% during the 2nd quarter. Omni Partners LLP now owns 1,532,282 shares of the semiconductor provider’s stock worth $167,432,000 after purchasing an additional 7,931 shares during the period. Confluence Investment Management LLC boosted its position in NXP Semiconductors by 300.2% during the 3rd quarter. Confluence Investment Management LLC now owns 1,514,994 shares of the semiconductor provider’s stock worth $129,532,000 after purchasing an additional 1,136,479 shares during the period. Finally, Thornburg Investment Management Inc. purchased a new stake in NXP Semiconductors during the 3rd quarter worth $104,430,000. 83.81% of the stock is owned by hedge funds and other institutional investors.
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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