NXP Semiconductors (NASDAQ:NXPI)‘s stock had its “buy” rating reissued by equities researchers at Mizuho in a note issued to investors on Wednesday, September 12th. They presently have a $115.00 target price on the semiconductor provider’s stock. Mizuho’s target price points to a potential upside of 39.99% from the stock’s previous close.
The analysts wrote, “We believe NXPI continues to see strong automotive and industrial tailwinds, is outgrowing TAMs with increasing auto content with ADAS and electrification, and industrial growth with core 32 bit MCUs and emerging IoT. NXP also benefits from a new focus on returning cash to shareholders with the $5B buyback still having $1.2B remaining and a new ~1% dividend. We are buyers on the pullback. Reiterating our Buy- $115PT.””
Several other equities research analysts also recently weighed in on the company. Stifel Nicolaus downgraded NXP Semiconductors from a “hold” rating to a “sell” rating and cut their price target for the stock from $99.00 to $84.00 in a research report on Wednesday, September 12th. Credit Suisse Group started coverage on NXP Semiconductors in a research report on Friday, September 7th. They set an “outperform” rating and a $125.00 price target on the stock. Cowen started coverage on NXP Semiconductors in a research report on Friday, September 7th. They set an “outperform” rating and a $111.00 price target on the stock. ValuEngine downgraded NXP Semiconductors from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 26th. Finally, Deutsche Bank raised shares of NXP Semiconductors from a “hold” rating to a “buy” rating and lowered their target price for the stock from $127.50 to $107.00 in a research note on Thursday, July 26th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. NXP Semiconductors presently has an average rating of “Hold” and a consensus target price of $110.65.
NXPI traded down $1.06 during midday trading on Wednesday, hitting $82.15. 3,219,600 shares of the company were exchanged, compared to its average volume of 6,652,434. The company has a market capitalization of $29.38 billion, a P/E ratio of 11.43, a P/E/G ratio of 0.71 and a beta of 0.85. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.26 and a current ratio of 2.98. NXP Semiconductors has a 1-year low of $80.71 and a 1-year high of $125.93.
NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Thursday, July 26th. The semiconductor provider reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.43 by ($0.33). The company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.36 billion. NXP Semiconductors had a return on equity of 16.24% and a net margin of 10.35%. Analysts forecast that NXP Semiconductors will post 6.02 EPS for the current year.
Hedge funds have recently bought and sold shares of the company. Optimum Investment Advisors lifted its stake in NXP Semiconductors by 48.2% in the 3rd quarter. Optimum Investment Advisors now owns 7,484 shares of the semiconductor provider’s stock valued at $640,000 after buying an additional 2,434 shares in the last quarter. Benson Investment Management Company Inc. purchased a new position in NXP Semiconductors in the 3rd quarter valued at about $2,601,000. Intl Fcstone Inc. purchased a new position in NXP Semiconductors in the 3rd quarter valued at about $230,000. Verde Servicos Internacionais S.A. lifted its stake in NXP Semiconductors by 15.3% in the 3rd quarter. Verde Servicos Internacionais S.A. now owns 68,117 shares of the semiconductor provider’s stock valued at $7,423,000 after buying an additional 9,018 shares in the last quarter. Finally, Private Asset Management Inc. lifted its stake in NXP Semiconductors by 562.0% in the 3rd quarter. Private Asset Management Inc. now owns 31,280 shares of the semiconductor provider’s stock valued at $2,674,000 after buying an additional 26,555 shares in the last quarter. 83.53% of the stock is currently owned by institutional investors and hedge funds.
NXP Semiconductors Company Profile
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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