NXP Semiconductors (NASDAQ:NXPI) Stock Rating Upgraded by StockNews.com

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating in a research report issued on Thursday.

A number of other equities analysts have also commented on NXPI. UBS Group reduced their price objective on NXP Semiconductors from $285.00 to $275.00 and set a "buy" rating on the stock in a research note on Wednesday, November 6th. Evercore ISI reduced their price target on shares of NXP Semiconductors from $370.00 to $315.00 and set an "outperform" rating on the stock in a research report on Wednesday, November 6th. The Goldman Sachs Group lowered their price objective on shares of NXP Semiconductors from $285.00 to $277.00 in a research report on Friday, October 11th. Barclays reduced their target price on shares of NXP Semiconductors from $330.00 to $280.00 and set an "overweight" rating on the stock in a research report on Tuesday, November 5th. Finally, Morgan Stanley decreased their price target on shares of NXP Semiconductors from $250.00 to $235.00 and set an "equal weight" rating on the stock in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, NXP Semiconductors currently has an average rating of "Moderate Buy" and an average price target of $274.14.

NXP Semiconductors Stock Performance

Shares of NASDAQ NXPI traded down $1.64 during mid-day trading on Thursday, hitting $206.21. The company had a trading volume of 1,422,704 shares, compared to its average volume of 2,300,449. NXP Semiconductors has a 12 month low of $201.58 and a 12 month high of $296.08. The firm has a market cap of $52.41 billion, a P/E ratio of 19.68, a PEG ratio of 4.37 and a beta of 1.46. The business's 50-day simple moving average is $223.74 and its 200-day simple moving average is $240.81. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.35 and a quick ratio of 1.60.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, beating the consensus estimate of $3.43 by $0.02. The company had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.25 billion. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The company's revenue was down 5.4% compared to the same quarter last year. During the same period in the prior year, the company posted $3.31 EPS. As a group, analysts predict that NXP Semiconductors will post 11.33 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Addison Advisors LLC boosted its position in NXP Semiconductors by 224.2% during the second quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider's stock valued at $29,000 after purchasing an additional 74 shares during the last quarter. FSA Wealth Management LLC acquired a new stake in shares of NXP Semiconductors in the 3rd quarter valued at approximately $33,000. Valley Wealth Managers Inc. bought a new position in shares of NXP Semiconductors in the second quarter valued at $48,000. Avior Wealth Management LLC increased its holdings in NXP Semiconductors by 182.1% during the third quarter. Avior Wealth Management LLC now owns 220 shares of the semiconductor provider's stock worth $53,000 after buying an additional 142 shares during the last quarter. Finally, Fairfield Financial Advisors LTD bought a new stake in NXP Semiconductors during the second quarter worth $54,000. 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.

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