Zacks Investment Research upgraded shares of NXP Semiconductors N.V. (NASDAQ:NXPI) from a sell rating to a hold rating in a report released on Tuesday.

According to Zacks, “NXP Semiconductors N.V. is a global semiconductor company. The Company designs and manufactures High Performance Mixed Signal semiconductor solutions to meet the requirements of systems and sub-systems in its target markets. High Performance Mixed Signal solutions are an optimized mix of analog and digital functionality integrated into a system or sub-system. The Company’s expertise is in RF, analog, power management, interface, security and digital processing products. NXP’s solutions are used in a wide range of automotive, identification, wireless infrastructure, lighting, industrial, mobile, consumer and computing applications. The Company claims to provide its customers improved power efficiency, functional performance, miniaturization, quality, durability and adaptability in their electronic systems and application solutions. NXP is based in Eindhoven, the Netherlands, with research and development activities in Asia, Europe and the United States, and manufacturing facilities in Asia and Europe. “

A number of other research firms have also weighed in on NXPI. BidaskClub raised NXP Semiconductors N.V. from a sell rating to a hold rating in a report on Monday, July 31st. Morgan Stanley boosted their target price on NXP Semiconductors N.V. from $110.00 to $117.50 and gave the stock an equal weight rating in a report on Monday, August 7th. Stifel Nicolaus reissued a hold rating and set a $110.00 target price on shares of NXP Semiconductors N.V. in a report on Tuesday, July 4th. ValuEngine raised NXP Semiconductors N.V. from a hold rating to a buy rating in a report on Tuesday, July 25th. Finally, Jefferies Group LLC reissued a hold rating and set a $110.00 target price on shares of NXP Semiconductors N.V. in a report on Monday, July 10th. One analyst has rated the stock with a sell rating, nineteen have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. NXP Semiconductors N.V. has an average rating of Hold and an average price target of $109.83.

Shares of NXP Semiconductors N.V. (NXPI) opened at 115.00 on Tuesday. NXP Semiconductors N.V. has a 52-week low of $95.88 and a 52-week high of $115.17. The stock has a 50 day moving average price of $112.84 and a 200 day moving average price of $109.34. The company has a market capitalization of $28.95 billion, a PE ratio of 20.42 and a beta of 0.88.

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Several large investors have recently added to or reduced their stakes in NXPI. Elliott Management Corp bought a new stake in shares of NXP Semiconductors N.V. during the 2nd quarter valued at $1,354,313,000. BlackRock Inc. lifted its position in shares of NXP Semiconductors N.V. by 2,546.6% during the 1st quarter. BlackRock Inc. now owns 11,852,113 shares of the semiconductor provider’s stock valued at $1,226,696,000 after acquiring an additional 11,404,283 shares during the period. Tyrus Capital S.A.M. lifted its position in shares of NXP Semiconductors N.V. by 277.8% during the 2nd quarter. Tyrus Capital S.A.M. now owns 4,004,227 shares of the semiconductor provider’s stock valued at $438,263,000 after acquiring an additional 2,944,227 shares during the period. Third Point LLC bought a new stake in shares of NXP Semiconductors N.V. during the 2nd quarter valued at $295,515,000. Finally, York Capital Management Global Advisors LLC lifted its position in shares of NXP Semiconductors N.V. by 68.5% during the 2nd quarter. York Capital Management Global Advisors LLC now owns 5,377,282 shares of the semiconductor provider’s stock valued at $588,543,000 after acquiring an additional 2,186,645 shares during the period. Hedge funds and other institutional investors own 78.88% of the company’s stock.

About NXP Semiconductors N.V.

NXP Semiconductors N.V. (NXP) is a holding company. The Company operates as a semiconductor company. The Company provides high performance mixed signal and standard product solutions. The Company’s segments are High Performance Mixed Signal (HPMS), Standard Products (SP), and Corporate and Other. Its product solutions are used in a range of end-market applications, including automotive, personal security and identification, wireless and wireline infrastructure, mobile communications, multi-market industrial, consumer and computing.

Analyst Recommendations for NXP Semiconductors N.V. (NASDAQ:NXPI)

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