NXP Semiconductors (NASDAQ:NXPI) Raised to Buy at StockNews.com

NXP Semiconductors (NASDAQ:NXPI) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday.

NXPI has been the topic of a number of other research reports. Barclays upgraded NXP Semiconductors from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $200.00 to $260.00 in a research report on Tuesday, January 16th. Oppenheimer lifted their price objective on NXP Semiconductors from $220.00 to $250.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Susquehanna lifted their price objective on NXP Semiconductors from $200.00 to $225.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 7th. TD Cowen lifted their price objective on NXP Semiconductors from $270.00 to $300.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 12th. Finally, JPMorgan Chase & Co. lifted their price objective on NXP Semiconductors from $220.00 to $240.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $239.58.

NXP Semiconductors Stock Performance

NASDAQ NXPI opened at $230.11 on Tuesday. The company has a market cap of $59.01 billion, a PE ratio of 21.49, a price-to-earnings-growth ratio of 0.88 and a beta of 1.59. The stock’s 50 day simple moving average is $241.66 and its 200-day simple moving average is $218.13. NXP Semiconductors has a 1-year low of $155.31 and a 1-year high of $264.26. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.91 and a quick ratio of 1.39.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share for the quarter, beating the consensus estimate of $3.33 by $0.04. The business had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.40 billion. NXP Semiconductors had a return on equity of 38.94% and a net margin of 21.07%. As a group, equities research analysts anticipate that NXP Semiconductors will post 12.28 EPS for the current fiscal year.

Institutional Investors Weigh In On NXP Semiconductors

Several institutional investors and hedge funds have recently modified their holdings of NXPI. Norges Bank purchased a new stake in shares of NXP Semiconductors in the 4th quarter valued at $762,077,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in shares of NXP Semiconductors by 893.2% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,332,578 shares of the semiconductor provider’s stock valued at $535,747,000 after buying an additional 2,097,727 shares during the period. Moneta Group Investment Advisors LLC purchased a new stake in shares of NXP Semiconductors in the 4th quarter valued at $267,123,000. Price T Rowe Associates Inc. MD raised its holdings in shares of NXP Semiconductors by 44.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,417,231 shares of the semiconductor provider’s stock valued at $823,704,000 after buying an additional 1,360,582 shares during the period. Finally, Public Employees Retirement Association of Colorado purchased a new stake in shares of NXP Semiconductors in the 4th quarter valued at $164,044,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

About NXP Semiconductors

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.