Traders Buy NXP Semiconductors (NXPI) on Weakness

Investors purchased shares of NXP Semiconductors (NASDAQ:NXPI) on weakness during trading hours on Thursday. $133.36 million flowed into the stock on the tick-up and $103.36 million flowed out of the stock on the tick-down, for a money net flow of $30.00 million into the stock. Of all equities tracked, NXP Semiconductors had the 13th highest net in-flow for the day. NXP Semiconductors traded down ($0.65) for the day and closed at $114.78

Several equities analysts have commented on the stock. BidaskClub raised shares of NXP Semiconductors from a “sell” rating to a “hold” rating in a research report on Wednesday, February 21st. Robert W. Baird reissued a “hold” rating on shares of NXP Semiconductors in a research report on Friday, February 23rd. Jefferies Group reissued a “hold” rating on shares of NXP Semiconductors in a research report on Tuesday, February 27th. ValuEngine raised shares of NXP Semiconductors from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Finally, Deutsche Bank assumed coverage on shares of NXP Semiconductors in a research report on Thursday, March 15th. They set a “hold” rating and a $127.50 price objective for the company. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and one has assigned a strong buy rating to the company’s stock. NXP Semiconductors presently has an average rating of “Hold” and a consensus price target of $119.12.

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The stock has a market capitalization of $39,666.94, a PE ratio of 15.84, a price-to-earnings-growth ratio of 0.89 and a beta of 0.77. 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 (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.61 by $1.45. The business had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.37 billion. NXP Semiconductors had a net margin of 23.93% and a return on equity of 18.68%. analysts predict that NXP Semiconductors will post 6.52 EPS for the current year.

A number of large investors have recently made changes to their positions in NXPI. Schwab Charles Investment Management Inc. raised its stake in NXP Semiconductors by 8.8% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 125,890 shares of the semiconductor provider’s stock worth $14,237,000 after acquiring an additional 10,202 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in NXP Semiconductors by 17.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 11,558 shares of the semiconductor provider’s stock worth $1,307,000 after acquiring an additional 1,745 shares in the last quarter. Private Advisor Group LLC raised its stake in NXP Semiconductors by 122.5% during the 3rd quarter. Private Advisor Group LLC now owns 4,183 shares of the semiconductor provider’s stock worth $477,000 after acquiring an additional 2,303 shares in the last quarter. AMP Capital Investors Ltd raised its stake in NXP Semiconductors by 1.0% during the 3rd quarter. AMP Capital Investors Ltd now owns 141,928 shares of the semiconductor provider’s stock worth $16,050,000 after acquiring an additional 1,423 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in NXP Semiconductors by 95.7% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 82,800 shares of the semiconductor provider’s stock worth $9,364,000 after acquiring an additional 40,500 shares in the last quarter. Hedge funds and other institutional investors own 82.62% 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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