NXP Semiconductors (NXPI) Downgraded by ValuEngine to “Sell”

ValuEngine cut shares of NXP Semiconductors (NASDAQ:NXPI) from a hold rating to a sell rating in a report released on Monday morning, ValuEngine reports.

A number of other equities research analysts also recently weighed in on NXPI. Zacks Investment Research raised shares of NXP Semiconductors from a sell rating to a hold rating and set a $109.00 price target for the company in a report on Wednesday, April 10th. BidaskClub downgraded shares of NXP Semiconductors from a hold rating to a sell rating in a report on Tuesday, May 14th. Piper Jaffray Companies upped their price target on shares of NXP Semiconductors from $100.00 to $110.00 and gave the company an overweight rating in a report on Tuesday, April 9th. Barclays reissued a buy rating on shares of NXP Semiconductors in a report on Sunday, May 5th. Finally, Mizuho upped their price target on shares of NXP Semiconductors from $95.00 to $100.00 and gave the company a neutral rating in a report on Wednesday, May 1st. Three research analysts have rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of Hold and a consensus price target of $99.42.

NXPI stock opened at $92.60 on Monday. The stock has a market capitalization of $30.44 billion, a P/E ratio of 15.59, a P/E/G ratio of 1.16 and a beta of 1.16. NXP Semiconductors has a fifty-two week low of $67.62 and a fifty-two week high of $122.24. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.42 and a quick ratio of 1.04.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Monday, April 29th. The semiconductor provider reported $1.72 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.47. NXP Semiconductors had a net margin of 23.06% and a return on equity of 18.33%. The company had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.09 billion. On average, analysts anticipate that NXP Semiconductors will post 6.56 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Loews Corp acquired a new position in shares of NXP Semiconductors in the 4th quarter valued at about $290,000. Providence Capital Advisors LLC boosted its position in NXP Semiconductors by 4.9% during the fourth quarter. Providence Capital Advisors LLC now owns 19,789 shares of the semiconductor provider’s stock worth $1,450,000 after purchasing an additional 921 shares during the period. Windsor Creek Advisors LLC bought a new stake in NXP Semiconductors during the fourth quarter worth approximately $306,000. Klingenstein Fields & Co. LLC bought a new stake in NXP Semiconductors during the fourth quarter worth approximately $8,540,000. Finally, First Hawaiian Bank boosted its position in NXP Semiconductors by 748.5% during the fourth quarter. First Hawaiian Bank now owns 2,325 shares of the semiconductor provider’s stock worth $170,000 after purchasing an additional 2,051 shares during the period. Hedge funds and other institutional investors own 78.63% of the company’s stock.

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; battery cell controllers; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.

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