Sanford C. Bernstein Analysts Give NXP Semiconductors NV (NXPI) a $110.00 Price Target
NXP Semiconductors NV (NASDAQ:NXPI) has been assigned a $110.00 price target by investment analysts at Sanford C. Bernstein in a note issued to investors on Thursday. The firm presently has a a “buy” rating on the semiconductor provider’s stock. Sanford C. Bernstein’s target price would suggest a potential upside of 7.07% from the stock’s previous close.
NXPI has been the subject of a number of other reports. Jefferies Group reiterated 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 report on Monday, August 15th. JPMorgan Chase & Co. boosted their target price on shares of NXP Semiconductors NV from $97.00 to $98.00 and gave the stock a “neutral” rating in a report on Friday, July 29th. Summit Redstone reissued a “buy” rating and set a $91.00 target price on shares of NXP Semiconductors NV in a report on Wednesday, July 20th. Finally, Vetr raised shares of NXP Semiconductors NV from a “buy” rating to a “strong-buy” rating and set a $115.48 target price on the stock in a report on Monday, October 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twenty-six have given a buy rating and two have assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $106.79.
Shares of NXP Semiconductors NV (NASDAQ:NXPI) traded down 1.23% during midday trading on Thursday, hitting $101.48. 2,638,667 shares of the company were exchanged. The firm has a market capitalization of $25.55 billion, a price-to-earnings ratio of 32.88 and a beta of 1.63. The firm’s 50 day moving average price is $90.01 and its 200 day moving average price is $86.15. NXP Semiconductors NV has a one year low of $61.61 and a one year high of $105.29.
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 business earned $2.37 billion during 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 firm’s quarterly revenue was up 57.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.44 EPS. Analysts forecast that NXP Semiconductors NV will post $5.75 EPS for the current fiscal year.
Several hedge funds have recently made changes to their positions in NXPI. Blackstone Group L.P. purchased a new stake in shares of NXP Semiconductors NV during the second quarter valued at approximately $868,922,000. BlackRock Institutional Trust Company N.A. increased its stake in shares of NXP Semiconductors NV by 114.3% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 4,419,243 shares of the semiconductor provider’s stock valued at $346,203,000 after buying an additional 2,357,105 shares in the last quarter. Credit Capital Investments LLC increased its stake in shares of NXP Semiconductors NV by 3,771.4% in the second quarter. Credit Capital Investments LLC now owns 2,350,200 shares of the semiconductor provider’s stock valued at $2,350,000 after buying an additional 2,289,493 shares in the last quarter. BlackRock Fund Advisors increased its stake in shares of NXP Semiconductors NV by 106.6% in the second quarter. BlackRock Fund Advisors now owns 3,300,277 shares of the semiconductor provider’s stock valued at $258,544,000 after buying an additional 1,702,554 shares in the last quarter. Finally, Jennison Associates LLC raised its position in NXP Semiconductors NV by 15.5% in the second quarter. Jennison Associates LLC now owns 9,469,774 shares of the semiconductor provider’s stock valued at $741,862,000 after buying an additional 1,274,155 shares during the last quarter. Institutional investors own 85.50% of the company’s stock.
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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