NXP Semiconductors NV (NASDAQ:NXPI)‘s stock had its “buy” rating restated by investment analysts at Canaccord Genuity in a research note issued on Saturday. They currently have a $120.00 price target on the semiconductor provider’s stock. Canaccord Genuity’s price target points to a potential upside of 18.34% from the stock’s current price.

Several other research firms also recently commented on NXPI. Bank of America Corp. downgraded shares of NXP Semiconductors NV from a “buy” rating to a “neutral” rating in a research report on Monday, June 27th. TheStreet upgraded shares of NXP Semiconductors NV from a “hold” rating to a “buy” rating in a research report on Monday, August 15th. Summit Redstone reiterated a “buy” rating and issued a $91.00 price target on shares of NXP Semiconductors NV in a research report on Wednesday, July 20th. Nomura reiterated a “buy” rating and issued a $95.00 price target on shares of NXP Semiconductors NV in a research report on Wednesday, September 14th. Finally, Zacks Investment Research downgraded shares of NXP Semiconductors NV from a “hold” rating to a “sell” rating in a research report on Wednesday, September 28th. One research analyst has rated the stock with a sell rating, two have given a hold rating, twenty-six have assigned a buy rating and two have given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $106.79.

Analyst Recommendations for NXP Semiconductors NV (NASDAQ:NXPI)

Shares of NXP Semiconductors NV (NASDAQ:NXPI) opened at 101.40 on Friday. The firm has a market cap of $25.53 billion, a price-to-earnings ratio of 32.86 and a beta of 1.63. NXP Semiconductors NV has a 52-week low of $61.61 and a 52-week high of $105.29. The company’s 50-day moving average is $90.81 and its 200 day moving average is $86.40.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vigilant Capital Management LLC raised its position in NXP Semiconductors NV by 1.3% in the third quarter. Vigilant Capital Management LLC now owns 103,170 shares of the semiconductor provider’s stock valued at $10,524,000 after buying an additional 1,295 shares during the last quarter. Advisor Consultant Network Inc. purchased a new stake in shares of NXP Semiconductors NV during the third quarter valued at about $816,000. Stock Yards Bank & Trust Co. increased its stake in shares of NXP Semiconductors NV by 1.2% in the third quarter. Stock Yards Bank & Trust Co. now owns 76,007 shares of the semiconductor provider’s stock valued at $7,754,000 after buying an additional 868 shares during the period. Duff & Phelps Investment Management Co. purchased a new stake in shares of NXP Semiconductors NV during the third quarter valued at about $8,943,000. Finally, Premier Asset Managment LLC increased its stake in shares of NXP Semiconductors NV by 1.5% in the third quarter. Premier Asset Managment LLC now owns 121,325 shares of the semiconductor provider’s stock valued at $12,376,000 after buying an additional 1,795 shares during the period. Hedge funds and other institutional investors own 85.50% of the company’s stock.

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.

5 Day Chart for NASDAQ:NXPI

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