NXP Semiconductors N.V. (NXPI) Raised to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of NXP Semiconductors N.V. (NASDAQ:NXPI) from a sell rating to a hold rating in a research report released 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. “

A number of other research firms also recently issued reports on NXPI. BidaskClub upgraded shares of NXP Semiconductors N.V. from a sell rating to a hold rating in a research report on Monday, July 31st. Morgan Stanley boosted their target price on shares of NXP Semiconductors N.V. from $110.00 to $117.50 and gave the company an equal weight rating in a research report on Monday, August 7th. Stifel Nicolaus reiterated a hold rating and set a $110.00 target price on shares of NXP Semiconductors N.V. in a research report on Tuesday, July 4th. ValuEngine upgraded shares of NXP Semiconductors N.V. from a hold rating to a buy rating in a research report on Tuesday, July 25th. Finally, Jefferies Group LLC reiterated a hold rating and set a $110.00 target price on shares of NXP Semiconductors N.V. in a research report on Monday, July 10th. One analyst has rated the stock with a sell rating, nineteen have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. NXP Semiconductors N.V. has a consensus rating of Hold and an average price target of $109.83.

Shares of NXP Semiconductors N.V. (NXPI) traded up 0.30% during midday trading on Tuesday, hitting $115.52. 355,592 shares of the stock traded hands. The stock has a market capitalization of $29.08 billion, a P/E ratio of 20.52 and a beta of 0.88. NXP Semiconductors N.V. has a 52 week low of $95.88 and a 52 week high of $115.68. The firm has a 50-day moving average price of $113.01 and a 200-day moving average price of $109.43.

ILLEGAL ACTIVITY NOTICE: “NXP Semiconductors N.V. (NXPI) Raised to “Hold” at Zacks Investment Research” was originally posted by Stock Observer and is the property of of Stock Observer. If you are reading this story on another website, it was illegally stolen and republished in violation of US and international copyright laws. The legal version of this story can be accessed at https://www.thestockobserver.com/2017/10/13/nxp-semiconductors-n-v-nxpi-raised-to-hold-at-zacks-investment-research.html.

Hedge funds and other institutional investors have recently bought and sold shares of the company. NINE MASTS CAPITAL Ltd bought a new stake in shares of NXP Semiconductors N.V. in the 2nd quarter worth $10,258,000. Proxima Capital Management LLC bought a new stake in shares of NXP Semiconductors N.V. in the 1st quarter worth $2,588,000. Renaissance Group LLC grew its stake in shares of NXP Semiconductors N.V. by 2.8% in the 2nd quarter. Renaissance Group LLC now owns 153,688 shares of the semiconductor provider’s stock worth $16,821,000 after acquiring an additional 4,129 shares in the last quarter. Everett Capital Advisors UK LLP bought a new stake in shares of NXP Semiconductors N.V. in the 1st quarter worth $16,301,000. Finally, Exane Asset Management bought a new stake in shares of NXP Semiconductors N.V. in the 2nd quarter worth $2,342,000. Hedge funds and other institutional investors own 78.88% of the company’s stock.

NXP Semiconductors N.V. Company Profile

NXP Semiconductors N.V. (NXP) is a holding company. The Company operates as a semiconductor company. The Company provides high performance mixed signal and standard product solutions. The Company’s segments are High Performance Mixed Signal (HPMS), Standard Products (SP), and Corporate and Other. Its product solutions are used in a range of end-market applications, including automotive, personal security and identification, wireless and wireline infrastructure, mobile communications, multi-market industrial, consumer and computing.

Get a free copy of the Zacks research report on NXP Semiconductors N.V. (NXPI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for NXP Semiconductors N.V. (NASDAQ:NXPI)

Receive News & Ratings for NXP Semiconductors N.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NXP Semiconductors N.V. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply