NXP Semiconductors NV (NASDAQ:NXPI) was upgraded by stock analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Monday. The firm presently has a $115.48 price objective on the semiconductor provider’s stock. Vetr‘s price target indicates a potential upside of 12.38% from the company’s current price.

NXPI has been the topic of a number of other research reports. Jefferies Group reissued a “buy” rating and set a $130.00 price objective on shares of NXP Semiconductors NV in a research report on Tuesday, June 28th. TheStreet raised shares of NXP Semiconductors NV from a “hold” rating to a “buy” rating in a research report on Monday, August 15th. JPMorgan Chase & Co. raised their price target on shares of NXP Semiconductors NV from $97.00 to $98.00 and gave the company a “neutral” rating in a research report on Friday, July 29th. Summit Redstone reaffirmed a “buy” rating and issued a $91.00 price target on shares of NXP Semiconductors NV in a research report on Wednesday, July 20th. Finally, Oppenheimer Holdings Inc. reaffirmed a “buy” rating and issued a $100.00 price target on shares of NXP Semiconductors NV in a research report on Tuesday, June 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-six have assigned a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $105.87.

Analyst Recommendations for NXP Semiconductors NV (NASDAQ:NXPI)

NXP Semiconductors NV (NASDAQ:NXPI) traded up 0.74% during mid-day trading on Monday, hitting $102.76. The company’s stock had a trading volume of 6,897,084 shares. The firm has a market cap of $25.87 billion, a price-to-earnings ratio of 33.30 and a beta of 1.62. The firm has a 50 day moving average of $87.08 and a 200-day moving average of $85.16. NXP Semiconductors NV has a 52-week low of $61.61 and a 52-week high of $105.00.

NXP Semiconductors NV (NASDAQ:NXPI) last released its quarterly earnings data on Wednesday, July 27th. The semiconductor provider reported $1.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.04. The company had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.35 billion. NXP Semiconductors NV had a net margin of 11.95% and a return on equity of 14.34%. The business’s revenue was up 57.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.44 EPS. On average, equities research analysts expect that NXP Semiconductors NV will post $5.75 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MCF Advisors LLC increased its position in shares of NXP Semiconductors NV by 542.2% in the second quarter. MCF Advisors LLC now owns 1,445 shares of the semiconductor provider’s stock valued at $113,000 after buying an additional 1,220 shares during the last quarter. J.Safra Asset Management Corp purchased a new position in shares of NXP Semiconductors NV during the second quarter valued at approximately $114,000. Coconut Grove Bank increased its position in shares of NXP Semiconductors NV by 5.7% in the second quarter. Coconut Grove Bank now owns 1,474 shares of the semiconductor provider’s stock valued at $115,000 after buying an additional 80 shares during the last quarter. Parkside Financial Bank & Trust increased its position in shares of 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 valued at $129,000 after buying an additional 294 shares during the last quarter. Finally, Johnson Financial Group Inc. increased its position in shares of 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 valued at $143,000 after buying an additional 1,323 shares during the last quarter. 85.49% of the stock is owned by institutional investors.

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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