NXP Semiconductors (NASDAQ:NXPI) Upgraded at StockNews.com

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

Other analysts have also recently issued research reports about the stock. The Goldman Sachs Group raised their price objective on shares of NXP Semiconductors from $240.00 to $275.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. Mizuho boosted their price target on shares of NXP Semiconductors from $225.00 to $265.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. JPMorgan Chase & Co. upped their price objective on shares of NXP Semiconductors from $240.00 to $280.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. Barclays upgraded NXP Semiconductors from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $200.00 to $260.00 in a research report on Tuesday, January 16th. Finally, UBS Group upped their target price on NXP Semiconductors from $230.00 to $270.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $257.72.

NXP Semiconductors Stock Performance

NASDAQ:NXPI opened at $258.65 on Wednesday. NXP Semiconductors has a 12 month low of $161.23 and a 12 month high of $264.26. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.35 and a quick ratio of 1.64. The firm has a market capitalization of $66.13 billion, a PE ratio of 23.88, a price-to-earnings-growth ratio of 0.94 and a beta of 1.54. The business’s fifty day moving average price is $243.53 and its 200 day moving average price is $222.94.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Monday, February 5th. The semiconductor provider reported $3.37 EPS for the quarter, beating analysts’ consensus estimates 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 37.65% and a net margin of 21.24%. On average, sell-side analysts anticipate that NXP Semiconductors will post 12.41 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NXP Semiconductors

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Future Financial Wealth Managment LLC purchased a new position in NXP Semiconductors in the first quarter worth $25,000. Operose Advisors LLC purchased a new position in shares of NXP Semiconductors in the 3rd quarter valued at about $26,000. FinTrust Capital Advisors LLC increased its holdings in shares of NXP Semiconductors by 75.4% in the 4th quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock valued at $26,000 after purchasing an additional 49 shares in the last quarter. LifeSteps Financial Inc. acquired a new stake in shares of NXP Semiconductors in the first quarter valued at about $30,000. Finally, Valley National Advisers Inc. boosted its holdings in NXP Semiconductors by 98.6% during the fourth quarter. Valley National Advisers Inc. now owns 137 shares of the semiconductor provider’s stock worth $31,000 after buying an additional 68 shares in the last quarter. Institutional investors and hedge funds 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.