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

NXP Semiconductors (NASDAQ:NXPI) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday.

A number of other equities analysts have also recently issued reports on the company. Barclays raised NXP Semiconductors from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $200.00 to $260.00 in a report on Tuesday, January 16th. Susquehanna increased their target price on NXP Semiconductors from $200.00 to $225.00 and gave the stock a “neutral” rating in a report on Wednesday, February 7th. Mizuho increased their target price on NXP Semiconductors from $220.00 to $225.00 and gave the stock a “neutral” rating in a report on Wednesday, February 7th. Morgan Stanley increased their target price on NXP Semiconductors from $221.00 to $224.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. Finally, Oppenheimer increased their target price 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 given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $238.75.

NXP Semiconductors Trading Up 0.9 %

NXP Semiconductors stock opened at $247.77 on Thursday. The business has a 50 day moving average price of $235.76 and a two-hundred day moving average price of $214.22. The company has a quick ratio of 1.39, a current ratio of 1.91 and a debt-to-equity ratio of 1.14. The stock has a market cap of $63.54 billion, a price-to-earnings ratio of 23.13, a price-to-earnings-growth ratio of 0.93 and a beta of 1.60. NXP Semiconductors has a 12 month low of $155.31 and a 12 month high of $264.26.

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

Insider Buying and Selling

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 2,120 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $227.26, for a total transaction of $481,791.20. Following the sale, the executive vice president now owns 38,229 shares of the company’s stock, valued at $8,687,922.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.13% of the stock is currently owned by insiders.

Institutional Trading of NXP Semiconductors

A number of institutional investors have recently bought and sold shares of NXPI. Cibc World Market Inc. boosted its position in NXP Semiconductors by 6.3% during the first quarter. Cibc World Market Inc. now owns 29,411 shares of the semiconductor provider’s stock valued at $5,443,000 after acquiring an additional 1,732 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of NXP Semiconductors by 5.9% during the first quarter. Dimensional Fund Advisors LP now owns 390,891 shares of the semiconductor provider’s stock valued at $72,356,000 after purchasing an additional 21,672 shares during the period. Cetera Investment Advisers raised its holdings in shares of NXP Semiconductors by 5.4% during the first quarter. Cetera Investment Advisers now owns 6,332 shares of the semiconductor provider’s stock valued at $1,172,000 after purchasing an additional 325 shares during the period. Sequoia Financial Advisors LLC raised its holdings in shares of NXP Semiconductors by 21.0% during the first quarter. Sequoia Financial Advisors LLC now owns 2,406 shares of the semiconductor provider’s stock valued at $445,000 after purchasing an additional 417 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of NXP Semiconductors by 2.0% during the first quarter. Vanguard Group Inc. now owns 10,793,360 shares of the semiconductor provider’s stock valued at $1,997,635,000 after purchasing an additional 210,979 shares during the period. 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.