Vetr upgraded shares of NXP Semiconductors NV (NASDAQ:NXPI) from a buy rating to a strong-buy rating in a research report sent to investors on Wednesday.

NXPI has been the topic of a number of other reports. Jefferies Group reissued a buy rating and set a $130.00 price target on shares of NXP Semiconductors NV in a report on Tuesday, June 28th. TheStreet raised NXP Semiconductors NV from a hold rating to a buy rating in a report on Monday, August 15th. JPMorgan Chase & Co. raised their price target on NXP Semiconductors NV from $97.00 to $98.00 and gave the company a neutral rating in a report on Friday, July 29th. Summit Redstone reissued a buy rating and set a $91.00 price target on shares of NXP Semiconductors NV in a report on Wednesday, July 20th. Finally, Oppenheimer Holdings Inc. reissued a buy rating and set a $100.00 price target on shares of NXP Semiconductors NV in a report on Tuesday, June 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. NXP Semiconductors NV has a consensus rating of Buy and a consensus target price of $106.79.

NXP Semiconductors NV (NASDAQ:NXPI) traded down 1.50% during midday trading on Wednesday, hitting $101.20. The stock had a trading volume of 935,019 shares. The company has a market capitalization of $25.48 billion, a PE ratio of 32.79 and a beta of 1.63. NXP Semiconductors NV has a 1-year low of $61.61 and a 1-year high of $105.29. The stock’s 50-day moving average is $90.01 and its 200-day moving average is $86.15.

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

A number of hedge funds have recently made changes to their positions in NXPI. MCF Advisors LLC boosted its stake 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 in the last quarter. J.Safra Asset Management Corp acquired a new stake in shares of NXP Semiconductors NV during the second quarter valued at about $114,000. Coconut Grove Bank boosted its stake 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 in the last quarter. Parkside Financial Bank & Trust boosted its stake 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 in the last quarter. Finally, Johnson Financial Group Inc. boosted its stake 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 in the last quarter. 85.50% of the stock is owned by institutional investors.

About NXP Semiconductors NV

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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