NXP Semiconductors N.V. (NASDAQ:NXPI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.

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. “

Several other equities research analysts also recently issued reports on the company. Deutsche Bank AG downgraded NXP Semiconductors N.V. from a “buy” rating to a “hold” rating and set a $110.00 price target for the company. in a report on Monday, June 19th. Stifel Nicolaus reiterated a “hold” rating and set a $110.00 price objective on shares of NXP Semiconductors N.V. in a report on Tuesday, July 4th. Jefferies Group LLC reiterated a “hold” rating and set a $110.00 price objective on shares of NXP Semiconductors N.V. in a report on Monday, July 10th. BidaskClub lowered NXP Semiconductors N.V. from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $110.00 price objective on shares of NXP Semiconductors N.V. in a research report on Friday, July 21st. Two research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $110.97.

Shares of NXP Semiconductors N.V. (NASDAQ NXPI) opened at 113.36 on Wednesday. The stock’s 50 day moving average is $112.61 and its 200-day moving average is $108.94. The firm has a market cap of $28.54 billion, a PE ratio of 20.13 and a beta of 0.88. NXP Semiconductors N.V. has a 52 week low of $95.88 and a 52 week high of $113.43.

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Several institutional investors have recently made changes to their positions in NXPI. BlackRock Inc. boosted its holdings in shares of NXP Semiconductors N.V. by 59.4% in the 2nd quarter. BlackRock Inc. now owns 18,896,814 shares of the semiconductor provider’s stock valued at $2,068,256,000 after buying an additional 7,044,701 shares during the last quarter. Elliott Management Corp bought a new position in shares of NXP Semiconductors N.V. in the second quarter valued at $1,354,313,000. Farallon Capital Management LLC grew its stake in shares of NXP Semiconductors N.V. by 31.0% in the second quarter. Farallon Capital Management LLC now owns 6,425,000 shares of the semiconductor provider’s stock valued at $703,216,000 after buying an additional 1,520,000 shares in the last quarter. York Capital Management Global Advisors LLC grew its stake in shares of NXP Semiconductors N.V. by 68.5% in the second 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 buying an additional 2,186,645 shares in the last quarter. Finally, FIL Ltd grew its stake in shares of NXP Semiconductors N.V. by 13.0% in the second quarter. FIL Ltd now owns 4,413,381 shares of the semiconductor provider’s stock valued at $483,045,000 after buying an additional 506,911 shares in the last quarter. Institutional investors own 78.88% of the company’s stock.

NXP Semiconductors N.V. Company Profile

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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