Vetr upgraded shares of NXP Semiconductors NV (NASDAQ:NXPI) from a buy rating to a strong-buy rating in a research note released on Monday. They currently have $115.48 price target on the semiconductor provider’s stock.
Other equities analysts have also issued reports about the stock. Jefferies Group reiterated a buy rating and issued a $130.00 price target on shares of NXP Semiconductors NV in a research note on Tuesday, June 28th. SunTrust Banks Inc. reissued a buy rating on shares of NXP Semiconductors NV in a report on Saturday. Oppenheimer Holdings Inc. reissued a buy rating and issued a $100.00 price objective on shares of NXP Semiconductors NV in a report on Tuesday, June 14th. Drexel Hamilton reissued a buy rating on shares of NXP Semiconductors NV in a report on Wednesday, June 15th. Finally, Bank of America Corp. downgraded NXP Semiconductors NV from a buy rating to a neutral rating in a report on Monday, June 27th. One research analyst has rated the stock with a sell rating, two have assigned 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 presently has an average rating of Buy and a consensus price target of $105.87.
Shares of NXP Semiconductors NV (NASDAQ:NXPI) opened at 102.76 on Monday. NXP Semiconductors NV has a one year low of $61.61 and a one year high of $105.00. The stock has a market cap of $25.87 billion, a price-to-earnings ratio of 33.30 and a beta of 1.62. The company has a 50-day moving average of $87.08 and a 200 day moving average of $85.16.
NXP Semiconductors NV (NASDAQ:NXPI) last announced its quarterly earnings results on Wednesday, July 27th. The semiconductor provider reported $1.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.04. The company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.35 billion. NXP Semiconductors NV had a net margin of 11.95% and a return on equity of 14.34%. The firm’s revenue was up 57.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.44 earnings per share. On average, equities analysts forecast that NXP Semiconductors NV will post $5.75 earnings per share for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in NXPI. Evercore Wealth Management LLC raised its position in 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. raised its position in 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. raised its position in 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 purchased a new position in NXP Semiconductors NV during the second quarter valued at $593,000. Finally, Optimum Investment Advisors purchased a new position in NXP Semiconductors NV during the second quarter valued at $415,000. 85.49% of the stock is currently owned by institutional investors and hedge funds.
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.
To view Vetr’s full report, visit Vetr’s official website.
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