Shares of NXP Semiconductors NV (NASDAQ:NXPI) have been assigned an average recommendation of “Buy” from the twenty-four analysts that are presently covering the stock, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $119.53.
A number of research firms have recently weighed in on NXPI. SunTrust Banks lifted their price target on NXP Semiconductors from $122.00 to $128.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Needham & Company LLC reaffirmed a “buy” rating and set a $140.00 price target on shares of NXP Semiconductors in a report on Tuesday, October 29th. Zacks Investment Research raised NXP Semiconductors from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th. BMO Capital Markets lifted their price target on NXP Semiconductors to $115.00 and gave the company a “market perform” rating in a report on Wednesday, October 30th. Finally, Stifel Nicolaus dropped their target price on NXP Semiconductors from $105.00 to $100.00 and set a “hold” rating on the stock in a report on Thursday, August 29th.
Shares of NXPI traded down $1.56 during mid-day trading on Friday, reaching $115.92. 2,169,700 shares of the company’s stock traded hands, compared to its average volume of 3,620,787. The business’s 50-day moving average price is $111.88 and its 200-day moving average price is $102.54. The stock has a market capitalization of $32.98 billion, a P/E ratio of 19.52, a price-to-earnings-growth ratio of 1.48 and a beta of 1.26. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.54 and a current ratio of 1.90. NXP Semiconductors has a 12 month low of $67.62 and a 12 month high of $120.84.
In other NXP Semiconductors news, EVP Keith M. Shull sold 4,196 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $108.14, for a total value of $453,755.44. Following the transaction, the executive vice president now owns 9,587 shares of the company’s stock, valued at $1,036,738.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Keith M. Shull sold 4,569 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $105.53, for a total value of $482,166.57. Following the completion of the transaction, the executive vice president now directly owns 13,783 shares in the company, valued at approximately $1,454,519.99. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,248 shares of company stock worth $3,975,779.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Westwood Holdings Group Inc. bought a new position in shares of NXP Semiconductors in the second quarter valued at $25,000. Global Trust Asset Management LLC bought a new position in shares of NXP Semiconductors in the second quarter valued at $26,000. Next Capital Management LLC bought a new position in shares of NXP Semiconductors in the second quarter valued at $26,000. Cornerstone Advisors Inc. increased its holdings in shares of NXP Semiconductors by 55.8% in the second quarter. Cornerstone Advisors Inc. now owns 374 shares of the semiconductor provider’s stock valued at $37,000 after buying an additional 134 shares in the last quarter. Finally, Prestige Wealth Management Group LLC bought a new position in shares of NXP Semiconductors in the second quarter valued at $39,000. 89.54% 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; battery cell controllers; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.
Further Reading: Convertible Shares
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