NXP Semiconductors (NXPI) Now Covered by Analysts at Bank of America

Bank of America began coverage on shares of NXP Semiconductors (NASDAQ:NXPI) in a report released on Friday, July 27th, Marketbeat Ratings reports. The brokerage issued a neutral rating and a $110.00 price target on the semiconductor provider’s stock.

Several other analysts have also commented on NXPI. BidaskClub raised NXP Semiconductors from a strong sell rating to a sell rating in a report on Saturday, June 23rd. Mizuho raised NXP Semiconductors from a neutral rating to a buy rating in a report on Friday, July 27th. ValuEngine lowered NXP Semiconductors from a sell rating to a strong sell rating in a report on Thursday, July 26th. Sanford C. Bernstein raised NXP Semiconductors from a market perform rating to an outperform rating in a report on Friday, July 27th. Finally, BMO Capital Markets cut their price target on NXP Semiconductors from $110.00 to $100.00 and set a market perform rating for the company in a report on Friday, July 27th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $109.80.

Shares of NXPI traded down $1.12 during trading hours on Friday, hitting $94.56. The stock had a trading volume of 9,377,679 shares, compared to its average volume of 11,126,451. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.98 and a quick ratio of 2.26. NXP Semiconductors has a 12 month low of $90.25 and a 12 month high of $125.93. The firm has a market capitalization of $32.88 billion, a P/E ratio of 15.00, a PEG ratio of 0.76 and a beta of 0.72.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NXPI. Synovus Financial Corp purchased a new stake in shares of NXP Semiconductors in the first quarter worth about $101,000. Princeton Capital Management LLC purchased a new stake in shares of NXP Semiconductors in the second quarter worth about $127,000. MCF Advisors LLC purchased a new stake in shares of NXP Semiconductors in the first quarter worth about $137,000. Quantitative Systematic Strategies LLC purchased a new stake in shares of NXP Semiconductors in the second quarter worth about $207,000. Finally, New Jersey Better Educational Savings Trust purchased a new stake in shares of NXP Semiconductors in the second quarter worth about $219,000. 79.85% of the stock is owned by hedge funds and other institutional investors.

NXP Semiconductors Company Profile

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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