According to Zacks, “NXP Semiconductors N.V. is a global semiconductor company. The Company designs and manufactures High Performance Mixed Signal semiconductor solutions to meet the requirements of systems and sub-systems in its target markets. High Performance Mixed Signal solutions are an optimized mix of analog and digital functionality integrated into a system or sub-system. The Company’s expertise is in RF, analog, power management, interface, security and digital processing products. NXP’s solutions are used in a wide range of automotive, identification, wireless infrastructure, lighting, industrial, mobile, consumer and computing applications. The Company claims to provide its customers improved power efficiency, functional performance, miniaturization, quality, durability and adaptability in their electronic systems and application solutions. NXP is based in Eindhoven, the Netherlands, with research and development activities in Asia, Europe and the United States, and manufacturing facilities in Asia and Europe. “
A number of other brokerages have also recently weighed in on NXPI. TheStreet cut NXP Semiconductors NV from a buy rating to a hold rating in a research report on Friday, July 1st. Bank of America Corp. lowered NXP Semiconductors NV from a buy rating to a neutral rating in a report on Monday, June 27th. Nomura reissued a buy rating and issued a $100.00 price objective on shares of NXP Semiconductors NV in a report on Wednesday, June 29th. Mizuho reissued a buy rating and issued a $120.00 price objective on shares of NXP Semiconductors NV in a report on Tuesday, June 14th. Finally, Drexel Hamilton reissued a buy rating on shares of NXP Semiconductors NV in a report on Wednesday, June 15th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-six have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $105.87.
NXP Semiconductors NV (NASDAQ:NXPI) opened at 102.76 on Wednesday. The stock has a 50 day moving average price of $87.08 and a 200-day moving average price of $85.16. NXP Semiconductors NV has a 12-month low of $61.61 and a 12-month high of $105.00. The firm has a market capitalization of $25.87 billion, a PE ratio of 33.30 and a beta of 1.62.
NXP Semiconductors NV (NASDAQ:NXPI) last announced its quarterly earnings results on Wednesday, July 27th. The semiconductor provider reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.04. The business had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.35 billion. NXP Semiconductors NV had a return on equity of 14.34% and a net margin of 11.95%. The business’s quarterly revenue was up 57.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.44 EPS. On average, equities research analysts forecast that NXP Semiconductors NV will post $5.75 EPS for the current year.
Several large investors have recently modified their holdings of NXPI. Evercore Wealth Management LLC increased its stake in shares of NXP Semiconductors NV by 1.6% in the second quarter. Evercore Wealth Management LLC now owns 677,283 shares of the semiconductor provider’s stock valued at $53,059,000 after buying an additional 10,480 shares in the last quarter. Nomura Holdings Inc. increased its stake in shares of NXP Semiconductors NV by 857.6% in the second quarter. Nomura Holdings Inc. now owns 87,293 shares of the semiconductor provider’s stock valued at $6,903,000 after buying an additional 78,177 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of NXP Semiconductors NV by 14.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,911 shares of the semiconductor provider’s stock valued at $229,000 after buying an additional 377 shares in the last quarter. Harbour Capital Advisors LLC acquired a new stake in shares of NXP Semiconductors NV during the second quarter valued at about $593,000. Finally, Optimum Investment Advisors acquired a new stake in shares of NXP Semiconductors NV during the second quarter valued at about $415,000. 85.49% of the stock is currently owned by institutional investors.
NXP Semiconductors NV Company Profile
NXP Semiconductors N.V. (NXP) is a holding company. The Company operates as a semiconductor company and a long-standing supplier. The Company provides high performance mixed signal and standard product solutions. The Company’s segments include High Performance Mixed Signal (HPMS), Standard Products (SP), and Corporate and Other.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for NXP Semiconductors NV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NXP Semiconductors NV and related companies with MarketBeat.com's FREE daily email newsletter.