NXP Semiconductors NV (NXPI) Given Average Rating of “Hold” by Brokerages

NXP Semiconductors NV (NASDAQ:NXPI) has earned a consensus recommendation of “Hold” from the eighteen brokerages that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $109.60.

Several equities research analysts have weighed in on NXPI shares. Sanford C. Bernstein upgraded NXP Semiconductors from a “market perform” rating to an “outperform” rating in a report on Friday. ValuEngine cut NXP Semiconductors from a “sell” rating to a “strong sell” rating in a report on Thursday. BMO Capital Markets lowered their target price on NXP Semiconductors from $110.00 to $100.00 and set a “market perform” rating for the company in a report on Friday. Drexel Hamilton upgraded NXP Semiconductors from a “hold” rating to a “buy” rating and upped their target price for the stock from $110.00 to $127.50 in a report on Thursday, May 3rd. Finally, Citigroup started coverage on NXP Semiconductors in a report on Thursday, April 12th. They issued a “neutral” rating and a $127.50 target price for the company.

NXP Semiconductors stock traded up $2.16 during mid-day trading on Friday, hitting $94.97. The company’s stock had a trading volume of 21,618,896 shares, compared to its average volume of 6,380,736. The company has a market capitalization of $33.80 billion, a PE ratio of 13.23, a price-to-earnings-growth ratio of 0.82 and a beta of 0.81. The company has a quick ratio of 1.68, a current ratio of 2.07 and a debt-to-equity ratio of 0.38. NXP Semiconductors has a one year low of $90.25 and a one year high of $125.93.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Wednesday, May 2nd. The semiconductor provider reported $0.95 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.50 by ($0.55). The business had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.35 billion. NXP Semiconductors had a net margin of 10.39% and a return on equity of 16.51%. research analysts anticipate that NXP Semiconductors will post 6 earnings per share for the current year.

Several hedge funds have recently modified their holdings of the business. Hsbc Holdings PLC lifted its stake in shares of NXP Semiconductors by 71.7% during the 1st quarter. Hsbc Holdings PLC now owns 7,508,068 shares of the semiconductor provider’s stock worth $878,444,000 after purchasing an additional 3,135,818 shares during the last quarter. ING Groep NV purchased a new stake in shares of NXP Semiconductors during the 1st quarter worth $359,775,000. Athos Capital Ltd lifted its stake in shares of NXP Semiconductors by 666.1% during the 1st quarter. Athos Capital Ltd now owns 912,278 shares of the semiconductor provider’s stock worth $106,737,000 after purchasing an additional 793,200 shares during the last quarter. PSquared Asset Management AG lifted its stake in shares of NXP Semiconductors by 35.4% during the 1st quarter. PSquared Asset Management AG now owns 2,895,549 shares of the semiconductor provider’s stock worth $338,779,000 after purchasing an additional 757,287 shares during the last quarter. Finally, Farallon Capital Management LLC lifted its stake in shares of NXP Semiconductors by 5.9% during the 1st quarter. Farallon Capital Management LLC now owns 8,278,000 shares of the semiconductor provider’s stock worth $968,526,000 after purchasing an additional 463,000 shares during the last quarter. Institutional investors and hedge funds own 80.85% of the company’s stock.

About NXP Semiconductors

NXP Semiconductors N.V., a semiconductor company, provides high performance mixed signal solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. The company offers products for audio and visual head-end unit applications, such as single-chip radio solutions, multi-standard radios, audio amplifiers and power analog products, and i.MX applications processors; in-vehicle networking products; two-way secure entry products; various sensors and microcontrollers; power management solutions; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.

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Analyst Recommendations for NXP Semiconductors (NASDAQ:NXPI)

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