Morgan Stanley assumed coverage on shares of NXP Semiconductors (NASDAQ:NXPI) in a research report released on Monday morning, MarketBeat.com reports. The firm issued an equal weight rating and a $127.50 target price on the semiconductor provider’s stock.
Several other analysts also recently issued reports on NXPI. BidaskClub upgraded NXP Semiconductors from a sell rating to a hold rating in a report on Tuesday, December 12th. Zacks Investment Research downgraded NXP Semiconductors from a buy rating to a hold rating in a report on Wednesday, December 13th. Needham & Company LLC restated a strong-buy rating and set a $130.00 price objective (up previously from $110.00) on shares of NXP Semiconductors in a report on Thursday, February 1st. Sanford C. Bernstein set a $125.00 price objective on NXP Semiconductors and gave the stock a hold rating in a report on Thursday, February 8th. Finally, Mizuho restated a hold rating and set a $110.00 price objective on shares of NXP Semiconductors in a report on Thursday, February 8th. Fifteen analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $119.12.
Shares of NXP Semiconductors stock opened at $120.92 on Monday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.77 and a current ratio of 2.22. The stock has a market capitalization of $42,302.70, a PE ratio of 18.86, a price-to-earnings-growth ratio of 0.94 and a beta of 0.67. NXP Semiconductors has a twelve month low of $102.60 and a twelve month high of $125.93.
NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Wednesday, February 7th. The semiconductor provider reported $3.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.61 by $1.45. The firm had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.37 billion. NXP Semiconductors had a return on equity of 18.68% and a net margin of 23.93%. equities analysts expect that NXP Semiconductors will post 6.52 earnings per share for the current year.
Several institutional investors and hedge funds have recently modified their holdings of NXPI. New York State Common Retirement Fund increased its holdings in shares of NXP Semiconductors by 2.0% in the 3rd quarter. New York State Common Retirement Fund now owns 868,800 shares of the semiconductor provider’s stock valued at $98,253,000 after purchasing an additional 17,200 shares during the period. Toronto Dominion Bank grew its stake in shares of NXP Semiconductors by 29.1% in the 3rd quarter. Toronto Dominion Bank now owns 15,755 shares of the semiconductor provider’s stock valued at $1,781,000 after buying an additional 3,550 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of NXP Semiconductors by 3.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,717,970 shares of the semiconductor provider’s stock valued at $194,286,000 after buying an additional 49,707 shares in the last quarter. Commonwealth Equity Services Inc grew its stake in shares of NXP Semiconductors by 79.1% in the 3rd quarter. Commonwealth Equity Services Inc now owns 42,590 shares of the semiconductor provider’s stock valued at $4,816,000 after buying an additional 18,804 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. grew its stake in shares of NXP Semiconductors by 9.4% in the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 5,830 shares of the semiconductor provider’s stock valued at $659,000 after buying an additional 500 shares in the last quarter. Institutional investors own 82.41% of the company’s stock.
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NXP Semiconductors Company Profile
NXP Semiconductors N.V., a semiconductor company, provides high performance mixed signal and standard product solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. It offers products for audio and visual head-end unit applications, such as single-chip radio solutions, audio amplifiers and power analog products, and i.MX applications processors; and in-vehicle networking products, two-way secure entry products, and various sensors and microcontrollers, as well as power management solutions.
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