NXP Semiconductors (NASDAQ:NXPI) Upgraded to “Buy” by StockNews.com

NXP Semiconductors (NASDAQ:NXPI) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Wednesday.

A number of other analysts have also recently weighed in on NXPI. Wolfe Research upgraded shares of NXP Semiconductors from a “peer perform” rating to an “outperform” rating and set a $255.00 price target on the stock in a report on Thursday, January 18th. TD Cowen lifted their price target on shares of NXP Semiconductors from $270.00 to $300.00 and gave the stock an “outperform” rating in a report on Tuesday, March 12th. The Goldman Sachs Group increased their price objective on NXP Semiconductors from $240.00 to $275.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. JPMorgan Chase & Co. boosted their target price on NXP Semiconductors from $240.00 to $280.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. Finally, Susquehanna increased their price target on NXP Semiconductors from $200.00 to $225.00 and gave the company a “neutral” rating in a research note on Wednesday, February 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $257.72.

NXP Semiconductors Stock Down 0.4 %

NXP Semiconductors stock opened at $258.65 on Wednesday. The company has a quick ratio of 1.64, a current ratio of 2.35 and a debt-to-equity ratio of 1.11. The firm has a market cap of $66.13 billion, a P/E ratio of 23.88, a P/E/G ratio of 0.94 and a beta of 1.54. The business has a fifty day moving average of $243.53 and a two-hundred day moving average of $222.94. NXP Semiconductors has a twelve month low of $161.23 and a twelve month high of $264.26.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share for the quarter, topping analysts’ consensus estimates of $3.33 by $0.04. NXP Semiconductors had a return on equity of 37.65% and a net margin of 21.24%. The firm had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $3.40 billion. On average, analysts forecast that NXP Semiconductors will post 12.41 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NXP Semiconductors

Several hedge funds have recently bought and sold shares of the stock. Inspire Advisors LLC increased its holdings in shares of NXP Semiconductors by 2.8% during the 1st quarter. Inspire Advisors LLC now owns 2,645 shares of the semiconductor provider’s stock valued at $655,000 after purchasing an additional 71 shares in the last quarter. Meeder Advisory Services Inc. raised its position in shares of NXP Semiconductors by 19.0% in the first quarter. Meeder Advisory Services Inc. now owns 3,675 shares of the semiconductor provider’s stock worth $911,000 after acquiring an additional 586 shares during the period. Quantum Private Wealth LLC raised its position in shares of NXP Semiconductors by 1.0% in the first quarter. Quantum Private Wealth LLC now owns 5,113 shares of the semiconductor provider’s stock worth $1,267,000 after acquiring an additional 52 shares during the period. Stonebrook Private Inc. boosted its stake in shares of NXP Semiconductors by 8.0% during the 1st quarter. Stonebrook Private Inc. now owns 3,335 shares of the semiconductor provider’s stock worth $826,000 after acquiring an additional 246 shares in the last quarter. Finally, Atomi Financial Group Inc. acquired a new stake in shares of NXP Semiconductors during the 1st quarter valued at about $237,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Company Profile

NXP Semiconductors N.V. offers various semiconductor products. The company's product portfolio includes microcontrollers; application processors, including i.MX application processors, and i.MX 8 and 9 family of applications processors; communication processors; wireless connectivity solutions, such as near field communications, ultra-wideband, Bluetooth low-energy, Zigbee, and Wi-Fi and Wi-Fi/Bluetooth integrated SoCs; analog and interface devices; radio frequency power amplifiers; and security controllers, as well as semiconductor-based environmental and inertial sensors, including pressure, inertial, magnetic, and gyroscopic sensors.