NXP Semiconductors N.V. (NXPI) Downgraded to Hold at Deutsche Bank AG

Deutsche Bank AG downgraded shares of NXP Semiconductors N.V. (NASDAQ:NXPI) from a buy rating to a hold rating in a research note released on Monday, MarketBeat Ratings reports. Deutsche Bank AG currently has $110.00 price target on the semiconductor provider’s stock.

NXPI has been the topic of several other reports. Zacks Investment Research downgraded shares of NXP Semiconductors N.V. from a hold rating to a strong sell rating in a research report on Tuesday, March 14th. Needham & Company LLC reissued a strong-buy rating and set a $110.00 price objective on shares of NXP Semiconductors N.V. in a research report on Wednesday, March 8th. Instinet downgraded shares of NXP Semiconductors N.V. from a buy rating to a neutral rating and set a $110.00 price objective on the stock. in a research report on Monday, May 8th. Mizuho reissued a hold rating and set a $110.00 price objective on shares of NXP Semiconductors N.V. in a research report on Wednesday, May 31st. Finally, Nomura downgraded shares of NXP Semiconductors N.V. from a buy rating to a neutral rating in a research report on Monday, May 8th. One research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of Hold and an average target price of $109.61.

Analyst Recommendations for NXP Semiconductors N.V. (NASDAQ:NXPI)

NXP Semiconductors N.V. (NASDAQ NXPI) traded up 0.01% on Monday, hitting $109.16. 318,750 shares of the company were exchanged. The stock has a market capitalization of $27.48 billion, a P/E ratio of 19.98 and a beta of 0.92. NXP Semiconductors N.V. has a 52 week low of $73.62 and a 52 week high of $109.90. The company has a 50 day moving average price of $107.94 and a 200-day moving average price of $102.87.

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A number of large investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in NXP Semiconductors N.V. by 2,546.6% in the first quarter. BlackRock Inc. now owns 11,852,113 shares of the semiconductor provider’s stock worth $1,226,696,000 after buying an additional 11,404,283 shares during the last quarter. Eton Park Capital Management L.P. bought a new stake in shares of NXP Semiconductors N.V. during the fourth quarter worth about $330,419,000. Norges Bank bought a new stake in shares of NXP Semiconductors N.V. during the fourth quarter worth about $209,459,000. FIL Ltd raised its stake in shares of NXP Semiconductors N.V. by 483.9% in the fourth quarter. FIL Ltd now owns 2,390,911 shares of the semiconductor provider’s stock worth $234,334,000 after buying an additional 1,981,425 shares during the period. Finally, Manikay Partners LLC bought a new stake in shares of NXP Semiconductors N.V. during the fourth quarter worth about $163,922,000. Institutional investors own 76.84% of the company’s stock.

About NXP Semiconductors N.V.

NXP Semiconductors N.V. (NXP) is a holding company. The Company operates as a semiconductor company. The Company provides high performance mixed signal and standard product solutions. The Company’s segments are High Performance Mixed Signal (HPMS), Standard Products (SP), and Corporate and Other. Its product solutions are used in a range of end-market applications, including automotive, personal security and identification, wireless and wireline infrastructure, mobile communications, multi-market industrial, consumer and computing.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:NXPI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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