NXP Semiconductors NV Downgraded by Goldman Sachs (NXPI)

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Goldman Sachs lowered shares of NXP Semiconductors NV (NASDAQ:NXPI) from a neutral rating to a sell rating in a report released on Monday, TheFlyOnTheWall.com reports. Goldman Sachs currently has $54.00 price objective on the stock, down from their previous price objective of $58.00.

Goldman Sachs has also updated their ratings on a number of other stocks in the last week. The firm downgraded shares of Syngenta AG (ADR) from a buy rating to a neutral rating. Also, Goldman Sachs upgraded shares of Luxottica Group S.p.A. from a sell rating to a neutral rating.

NXPI has been the subject of a number of other recent research reports. Analysts at Stifel Nicolaus initiated coverage on shares of NXP Semiconductors NV in a research note on Friday, August 15th. They set a buy rating and a $78.00 price target on the stock. Separately, analysts at Canaccord Genuity initiated coverage on shares of NXP Semiconductors NV in a research note on Friday, August 8th. They set a buy rating and a $78.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a neutral rating on shares of NXP Semiconductors NV in a research note on Friday, July 25th. They now have a $75.00 price target on the stock, up previously from $68.00. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, fifteen have given a buy rating and three have issued a strong buy rating to the company. The stock presently has an average rating of Buy and an average price target of $70.84.

NXP Semiconductors NV (NASDAQ:NXPI) opened at 63.26 on Monday. NXP Semiconductors NV has a 1-year low of $34.66 and a 1-year high of $67.79. The stock has a 50-day moving average of $64.30 and a 200-day moving average of $60.42. The company has a market cap of $15.926 billion and a price-to-earnings ratio of 30.83.

NXP Semiconductors NV (NASDAQ:NXPI) last released its earnings data on Wednesday, July 23rd. The company reported $1.09 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.05 by $0.04. On average, analysts predict that NXP Semiconductors NV will post $4.65 earnings per share for the current fiscal year.

NXP Semiconductors N.V. (NASDAQ:NXPI) is a holding company.

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