Investment analysts at Susquehanna Bancshares began coverage on shares of NXP Semiconductors (NASDAQ:NXPI) in a note issued to investors on Friday. The brokerage set a “neutral” rating and a $90.00 price target on the semiconductor provider’s stock. Susquehanna Bancshares’ price objective would indicate a potential upside of 10.80% from the company’s previous close.
Other equities research analysts have also recently issued reports about the company. UBS Group assumed coverage on NXP Semiconductors in a research note on Thursday. They issued a “neutral” rating and a $90.00 price target on the stock. Needham & Company LLC dropped their target price on NXP Semiconductors to $100.00 and set a “buy” rating on the stock in a report on Friday, October 26th. Stifel Nicolaus downgraded NXP Semiconductors from a “hold” rating to a “sell” rating and dropped their target price for the stock from $99.00 to $84.00 in a report on Wednesday, September 12th. Cowen dropped their target price on NXP Semiconductors from $114.00 to $110.00 and set an “outperform” rating on the stock in a report on Friday, November 2nd. Finally, Credit Suisse Group reissued a “buy” rating and issued a $125.00 target price on shares of NXP Semiconductors in a report on Monday. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $101.97.
NXPI stock traded down $0.82 during midday trading on Friday, hitting $81.23. The stock had a trading volume of 18,957 shares, compared to its average volume of 3,623,201. The stock has a market cap of $28.12 billion, a price-to-earnings ratio of 11.31, a PEG ratio of 1.07 and a beta of 0.93. NXP Semiconductors has a 52-week low of $69.72 and a 52-week high of $125.93. The company has a quick ratio of 0.87, a current ratio of 1.22 and a debt-to-equity ratio of 0.50.
NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Wednesday, October 31st. The semiconductor provider reported $1.81 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.68 by $0.13. The company had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $2.43 billion. NXP Semiconductors had a return on equity of 18.08% and a net margin of 28.38%. Equities research analysts expect that NXP Semiconductors will post 6.15 earnings per share for the current fiscal year.
Several large investors have recently made changes to their positions in the company. Third Point LLC bought a new position in shares of NXP Semiconductors during the second quarter valued at $1,174,652,000. Pictet Asset Management Ltd. bought a new position in shares of NXP Semiconductors during the third quarter valued at $245,762,000. Putnam Investments LLC lifted its holdings in shares of NXP Semiconductors by 191.9% during the third quarter. Putnam Investments LLC now owns 2,716,424 shares of the semiconductor provider’s stock valued at $232,254,000 after purchasing an additional 1,785,940 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in shares of NXP Semiconductors during the third quarter valued at $225,934,000. Finally, Brown Advisory Inc. lifted its holdings in shares of NXP Semiconductors by 10,111.1% during the third quarter. Brown Advisory Inc. now owns 2,458,011 shares of the semiconductor provider’s stock valued at $210,159,000 after purchasing an additional 2,433,939 shares in the last quarter. 75.58% of the stock is currently owned by hedge funds and other 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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