NXP Semiconductors (NASDAQ:NXPI) Raised to “Buy” at StockNews.com

NXP Semiconductors (NASDAQ:NXPI) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Thursday.

NXPI has been the topic of several other reports. Truist Financial lowered their target price on NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Cantor Fitzgerald reissued an “overweight” rating and set a $270.00 price target on shares of NXP Semiconductors in a report on Monday, November 4th. The Goldman Sachs Group reduced their price objective on shares of NXP Semiconductors from $285.00 to $277.00 in a report on Friday, October 11th. Morgan Stanley lowered their target price 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. Finally, Citic Securities initiated coverage on shares of NXP Semiconductors in a research note on Friday, October 11th. They issued a $288.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $274.14.

NXP Semiconductors Price Performance

Shares of NXPI opened at $208.86 on Thursday. NXP Semiconductors has a 12 month low of $201.58 and a 12 month high of $296.08. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.35 and a quick ratio of 1.60. The stock has a fifty day moving average price of $223.74 and a 200 day moving average price of $240.81. The company has a market cap of $53.08 billion, a P/E ratio of 19.93, a PEG ratio of 4.37 and a beta of 1.47.

NXP Semiconductors (NASDAQ:NXPI) last posted its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.43 by $0.02. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The firm had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.25 billion. During the same period in the previous year, the business posted $3.31 EPS. NXP Semiconductors’s revenue was down 5.4% on a year-over-year basis. On average, research analysts forecast that NXP Semiconductors will post 11.33 earnings per share for the current year.

Institutional Trading of NXP Semiconductors

A number of hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC raised its holdings in shares of NXP Semiconductors by 64.9% during the second quarter. Farther Finance Advisors LLC now owns 1,034 shares of the semiconductor provider’s stock valued at $275,000 after acquiring an additional 407 shares during the period. TIAA Trust National Association purchased a new stake in shares of NXP Semiconductors in the second quarter valued at $215,000. Fiera Capital Corp boosted its position in shares of NXP Semiconductors by 40.6% in the second quarter. Fiera Capital Corp now owns 3,669 shares of the semiconductor provider’s stock worth $987,000 after buying an additional 1,060 shares during the period. Jackson Creek Investment Advisors LLC acquired a new stake in shares of NXP Semiconductors in the second quarter worth $239,000. Finally, Foundations Investment Advisors LLC grew its holdings in shares of NXP Semiconductors by 2.7% during the second quarter. Foundations Investment Advisors LLC now owns 1,935 shares of the semiconductor provider’s stock valued at $521,000 after buying an additional 50 shares in the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

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.