NXP Semiconductors (NASDAQ:NXPI) Stock Rating Upgraded by StockNews.com

NXP Semiconductors (NASDAQ:NXPI) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Tuesday.

NXPI has been the subject of a number of other reports. Barclays raised NXP Semiconductors from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $200.00 to $260.00 in a research report on Tuesday, January 16th. Stifel Nicolaus boosted their target price on NXP Semiconductors from $190.00 to $210.00 and gave the company a “hold” rating in a research report on Tuesday, January 2nd. Mizuho boosted their target price on NXP Semiconductors from $220.00 to $225.00 and gave the company a “neutral” rating in a research report on Wednesday, February 7th. JPMorgan Chase & Co. boosted their price objective on NXP Semiconductors from $220.00 to $240.00 and gave the stock a “neutral” rating in a report on Wednesday, February 7th. Finally, Oppenheimer boosted their price objective on NXP Semiconductors from $220.00 to $250.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $242.29.

NXP Semiconductors Stock Performance

Shares of NXP Semiconductors stock opened at $226.92 on Tuesday. The company has a current ratio of 1.91, a quick ratio of 1.39 and a debt-to-equity ratio of 1.14. The business has a 50-day moving average price of $241.93 and a two-hundred day moving average price of $218.41. NXP Semiconductors has a 1-year low of $155.31 and a 1-year high of $264.26. The company has a market cap of $58.20 billion, a P/E ratio of 21.19, a PEG ratio of 0.87 and a beta of 1.59.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share for the quarter, topping analysts’ consensus estimates of $3.33 by $0.04. The firm had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.40 billion. NXP Semiconductors had a return on equity of 38.94% and a net margin of 21.07%. As a group, analysts anticipate that NXP Semiconductors will post 12.28 EPS for the current year.

Hedge Funds Weigh In On NXP Semiconductors

Several institutional investors have recently bought and sold shares of NXPI. Future Financial Wealth Managment LLC purchased a new position in NXP Semiconductors in the first quarter valued at approximately $25,000. Operose Advisors LLC bought a new stake in NXP Semiconductors during the 3rd quarter valued at $26,000. FinTrust Capital Advisors LLC raised its holdings in NXP Semiconductors by 75.4% during the 4th quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock valued at $26,000 after acquiring an additional 49 shares during the period. Live Oak Investment Partners bought a new stake in NXP Semiconductors during the 4th quarter valued at $26,000. Finally, Fortis Capital Advisors LLC bought a new stake in NXP Semiconductors during the 4th quarter valued at $27,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

About NXP Semiconductors

NXP Semiconductors N.V. offers various semiconductor products. The company's product portfolio includes microcontrollers; application processors, including i.MX application processors, and i.MX 8 and 9 family of applications processors; communication processors; wireless connectivity solutions, such as near field communications, ultra-wideband, Bluetooth low-energy, Zigbee, and Wi-Fi and Wi-Fi/Bluetooth integrated SoCs; analog and interface devices; radio frequency power amplifiers; and security controllers, as well as semiconductor-based environmental and inertial sensors, including pressure, inertial, magnetic, and gyroscopic sensors.