NXP Semiconductors (NASDAQ:NXPI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.
According to Zacks, “NXP Semiconductors N.V. is a global semiconductor company. The Company designs and manufactures High Performance Mixed Signal semiconductor solutions to meet the requirements of systems and sub-systems in its target markets. High Performance Mixed Signal solutions are an optimized mix of analog and digital functionality integrated into a system or sub-system. The Company’s expertise is in RF, analog, power management, interface, security and digital processing products. NXP’s solutions are used in a wide range of automotive, identification, wireless infrastructure, lighting, industrial, mobile, consumer and computing applications. The Company claims to provide its customers improved power efficiency, functional performance, miniaturization, quality, durability and adaptability in their electronic systems and application solutions. NXP is based in Eindhoven, the Netherlands, with research and development activities in Asia, Europe and the United States, and manufacturing facilities in Asia and Europe. “
Several other research firms have also weighed in on NXPI. BidaskClub raised NXP Semiconductors from a “sell” rating to a “hold” rating in a research note on Wednesday, February 21st. Mizuho reiterated a “hold” rating and set a $110.00 target price on shares of NXP Semiconductors in a report on Thursday, February 8th. Needham & Company LLC reiterated a “strong-buy” rating and set a $130.00 target price (up from $110.00) on shares of NXP Semiconductors in a report on Thursday, February 1st. Deutsche Bank assumed coverage on NXP Semiconductors in a report on Thursday, March 15th. They set a “hold” rating and a $127.50 target price on the stock. Finally, ValuEngine downgraded NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and one has assigned a strong buy rating to the company’s stock. NXP Semiconductors has an average rating of “Hold” and a consensus target price of $119.71.
NASDAQ NXPI opened at $112.99 on Tuesday. The stock has a market capitalization of $38,773.46, a PE ratio of 15.74, a PEG ratio of 0.87 and a beta of 0.77. NXP Semiconductors has a 1-year low of $103.39 and a 1-year high of $125.93. The company has a current ratio of 2.22, a quick ratio of 1.77 and a debt-to-equity ratio of 0.42.
NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Wednesday, February 7th. The semiconductor provider reported $3.06 earnings per share for the quarter, beating the consensus estimate of $1.61 by $1.45. The business had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.37 billion. NXP Semiconductors had a return on equity of 18.68% and a net margin of 23.93%. sell-side analysts expect that NXP Semiconductors will post 6.52 EPS for the current fiscal year.
A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. increased its holdings in NXP Semiconductors by 1.9% during the 4th quarter. BlackRock Inc. now owns 19,595,554 shares of the semiconductor provider’s stock worth $2,294,444,000 after purchasing an additional 366,810 shares during the last quarter. HBK Investments L P increased its holdings in NXP Semiconductors by 3.7% during the 4th quarter. HBK Investments L P now owns 14,858,400 shares of the semiconductor provider’s stock worth $1,739,770,000 after purchasing an additional 524,967 shares during the last quarter. Farallon Capital Management LLC increased its holdings in NXP Semiconductors by 1.2% during the 4th quarter. Farallon Capital Management LLC now owns 7,815,000 shares of the semiconductor provider’s stock worth $915,058,000 after purchasing an additional 90,000 shares during the last quarter. Renaissance Technologies LLC increased its holdings in NXP Semiconductors by 35.5% during the 4th quarter. Renaissance Technologies LLC now owns 3,251,504 shares of the semiconductor provider’s stock worth $380,719,000 after purchasing an additional 852,289 shares during the last quarter. Finally, Swiss National Bank increased its holdings in NXP Semiconductors by 4.8% during the 4th quarter. Swiss National Bank now owns 1,495,529 shares of the semiconductor provider’s stock worth $175,111,000 after purchasing an additional 68,400 shares during the last quarter. Institutional investors own 82.58% of the company’s stock.
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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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