NXP Semiconductors (NXPI) Stock Rating Upgraded by Goldman Sachs Group

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NXP Semiconductors (NASDAQ:NXPI) was upgraded by stock analysts at Goldman Sachs Group from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports. The analysts noted that the move was a valuation call.

A number of other equities analysts have also recently issued reports on the company. Morgan Stanley lowered their target price on NXP Semiconductors from $105.00 to $100.00 and set an “equal weight” rating for the company in a report on Wednesday, October 3rd. Bank of America raised NXP Semiconductors from a “neutral” rating to a “buy” rating and upped their target price for the stock from $110.00 to $120.00 in a report on Monday, September 17th. Cowen upped their target price on NXP Semiconductors from $111.00 to $114.00 and gave the stock an “outperform” rating in a report on Thursday, September 13th. Mizuho reaffirmed a “buy” rating and issued a $115.00 target price on shares of NXP Semiconductors in a report on Wednesday, September 12th. Finally, Stifel Nicolaus cut NXP Semiconductors from a “hold” rating to a “sell” rating and lowered their target price for the stock from $99.00 to $84.00 in a report on Wednesday, September 12th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. NXP Semiconductors has a consensus rating of “Hold” and an average target price of $110.65.

Shares of NXPI opened at $77.70 on Thursday. NXP Semiconductors has a 12-month low of $76.26 and a 12-month high of $125.93. The company has a quick ratio of 2.26, a current ratio of 2.98 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $27.45 billion, a price-to-earnings ratio of 10.82, a PEG ratio of 0.66 and a beta of 0.85.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Thursday, July 26th. The semiconductor provider reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.33). NXP Semiconductors had a return on equity of 16.24% and a net margin of 10.35%. The firm had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.36 billion. As a group, research analysts forecast that NXP Semiconductors will post 6.02 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Signaturefd LLC grew its position in shares of NXP Semiconductors by 299.2% in the 2nd quarter. Signaturefd LLC now owns 1,062 shares of the semiconductor provider’s stock valued at $116,000 after buying an additional 796 shares during the last quarter. Princeton Capital Management LLC bought a new stake in shares of NXP Semiconductors during the 2nd quarter valued at about $127,000. Quantitative Systematic Strategies LLC bought a new stake in shares of NXP Semiconductors during the 2nd quarter valued at about $207,000. Qube Research & Technologies Ltd bought a new stake in shares of NXP Semiconductors during the 2nd quarter valued at about $208,000. Finally, Searle & CO. bought a new stake in shares of NXP Semiconductors during the 3rd quarter valued at about $214,000. Hedge funds and other institutional investors own 83.29% of the company’s stock.

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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Analyst Recommendations for NXP Semiconductors (NASDAQ:NXPI)

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