NXP Semiconductors NV (NXPI) Receives “Buy” Rating from Deutsche Bank AG
Deutsche Bank AG reiterated their buy rating on shares of NXP Semiconductors NV (NASDAQ:NXPI) in a report released on Friday. Deutsche Bank AG currently has a $110.00 price objective on the semiconductor provider’s stock.
Several other research firms have also recently weighed in on NXPI. TheStreet cut NXP Semiconductors NV from a buy rating to a hold rating in a research report on Friday, July 1st. Bank of America Corp. lowered NXP Semiconductors NV from a buy rating to a neutral rating in a research note on Monday, June 27th. AlphaValue lowered NXP Semiconductors NV to a buy rating in a research note on Friday. Nomura restated a buy rating and issued a $100.00 target price on shares of NXP Semiconductors NV in a research note on Wednesday, June 29th. Finally, Mizuho restated a buy rating and issued a $120.00 target price on shares of NXP Semiconductors NV in a research note on Tuesday, June 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $105.57.
Shares of NXP Semiconductors NV (NASDAQ:NXPI) opened at 103.716 on Friday. The company has a 50-day moving average price of $86.60 and a 200 day moving average price of $84.93. NXP Semiconductors NV has a 1-year low of $61.61 and a 1-year high of $105.00. The firm has a market capitalization of $26.11 billion, a price-to-earnings ratio of 33.609 and a beta of 1.62.
NXP Semiconductors NV (NASDAQ:NXPI) last posted its quarterly earnings data on Wednesday, July 27th. The semiconductor provider reported $1.39 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.04. NXP Semiconductors NV had a return on equity of 14.34% and a net margin of 11.95%. The business had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.35 billion. During the same quarter in the previous year, the firm earned $1.44 earnings per share. The business’s revenue was up 57.0% on a year-over-year basis. On average, equities research analysts predict that NXP Semiconductors NV will post $5.75 EPS for the current year.
Large investors have recently bought and sold shares of the stock. MCF Advisors LLC boosted its stake in NXP Semiconductors NV by 542.2% in the second quarter. MCF Advisors LLC now owns 1,445 shares of the semiconductor provider’s stock worth $113,000 after buying an additional 1,220 shares in the last quarter. J.Safra Asset Management Corp acquired a new stake in NXP Semiconductors NV during the second quarter worth approximately $114,000. Coconut Grove Bank boosted its stake in NXP Semiconductors NV by 5.7% in the second quarter. Coconut Grove Bank now owns 1,474 shares of the semiconductor provider’s stock worth $115,000 after buying an additional 80 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in NXP Semiconductors NV by 21.7% in the second quarter. Parkside Financial Bank & Trust now owns 1,650 shares of the semiconductor provider’s stock worth $129,000 after buying an additional 294 shares in the last quarter. Finally, Johnson Financial Group Inc. boosted its stake in NXP Semiconductors NV by 260.4% in the second quarter. Johnson Financial Group Inc. now owns 1,831 shares of the semiconductor provider’s stock worth $143,000 after buying an additional 1,323 shares in the last quarter. 85.49% of the stock is currently owned by institutional investors and hedge funds.
NXP Semiconductors NV Company Profile
NXP Semiconductors N.V. (NXP) is a holding company. The Company operates as a semiconductor company and a long-standing supplier. The Company provides high performance mixed signal and standard product solutions. The Company’s segments include High Performance Mixed Signal (HPMS), Standard Products (SP), and Corporate and Other.
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