NXP Semiconductors (NASDAQ:NXPI) was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Monday, BidAskClub reports.

Several other analysts also recently weighed in on NXPI. TheStreet raised shares of NXP Semiconductors from a “c+” rating to a “b-” rating in a research note on Wednesday, February 13th. Deutsche Bank boosted their price target on shares of NXP Semiconductors from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Piper Jaffray Companies boosted their price target on shares of NXP Semiconductors from $100.00 to $110.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 9th. Zacks Investment Research raised shares of NXP Semiconductors from a “sell” rating to a “hold” rating and set a $109.00 price target for the company in a research note on Wednesday, April 10th. Finally, ValuEngine raised shares of NXP Semiconductors from a “sell” rating to a “hold” rating in a research note on Saturday, April 13th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $100.58.

NASDAQ NXPI opened at $95.46 on Monday. NXP Semiconductors has a 52-week low of $67.62 and a 52-week high of $117.61. The company has a quick ratio of 1.04, a current ratio of 1.42 and a debt-to-equity ratio of 0.63. The firm has a market cap of $31.95 billion, a PE ratio of 16.07, a P/E/G ratio of 1.12 and a beta of 1.26.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Monday, April 29th. The semiconductor provider reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.47. The company had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.09 billion. NXP Semiconductors had a net margin of 23.06% and a return on equity of 18.33%. On average, equities analysts expect that NXP Semiconductors will post 6.59 EPS for the current year.

Hedge funds have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC lifted its stake in shares of NXP Semiconductors by 153.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 29,474 shares of the semiconductor provider’s stock valued at $2,160,000 after acquiring an additional 17,836 shares during the last quarter. M&T Bank Corp increased its holdings in NXP Semiconductors by 41.0% in the fourth quarter. M&T Bank Corp now owns 29,303 shares of the semiconductor provider’s stock valued at $2,146,000 after purchasing an additional 8,518 shares during the period. Financial Gravity Companies Inc. acquired a new stake in NXP Semiconductors in the fourth quarter valued at $51,000. Pinnacle Associates Ltd. increased its holdings in NXP Semiconductors by 213.5% in the fourth quarter. Pinnacle Associates Ltd. now owns 93,079 shares of the semiconductor provider’s stock valued at $6,821,000 after purchasing an additional 63,390 shares during the period. Finally, Bailard Inc. increased its holdings in NXP Semiconductors by 279.5% in the fourth quarter. Bailard Inc. now owns 31,475 shares of the semiconductor provider’s stock valued at $2,306,000 after purchasing an additional 23,181 shares during the period. Hedge funds and other institutional investors own 76.51% of the company’s stock.

About NXP Semiconductors

NXP Semiconductors N.V., a semiconductor company, provides high performance mixed signal solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. The company offers products for audio and visual head-end unit applications, such as single-chip radio solutions, multi-standard radios, audio amplifiers and power analog products, and i.MX applications processors; in-vehicle networking products; two-way secure entry products; various sensors and microcontrollers; power management solutions; battery cell controllers; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.

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Analyst Recommendations for NXP Semiconductors (NASDAQ:NXPI)

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