UBS Group assumed coverage on shares of NXP Semiconductors (NASDAQ:NXPI) in a research note issued to investors on Thursday, The Fly reports. The brokerage set a “neutral” rating and a $90.00 price target on the semiconductor provider’s stock. UBS Group’s price target points to a potential upside of 17.65% from the stock’s previous close.

NXPI has been the topic of several other reports. Citigroup decreased their price objective on NXP Semiconductors from $94.00 to $88.00 and set a “hold” rating on the stock in a report on Friday, November 2nd. Stifel Nicolaus reissued a “sell” rating on shares of NXP Semiconductors in a research report on Thursday, November 1st. BMO Capital Markets boosted their target price on NXP Semiconductors from $70.00 to $75.00 and gave the company a “market perform” rating in a research report on Friday, November 2nd. Credit Suisse Group started coverage on NXP Semiconductors in a research report on Friday, September 7th. They set an “outperform” rating and a $125.00 target price on the stock. Finally, Morgan Stanley cut their target price on NXP Semiconductors from $105.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 3rd. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company’s stock. NXP Semiconductors currently has an average rating of “Hold” and an average price target of $101.97.

Shares of NXPI opened at $76.50 on Thursday. The company has a market cap of $28.20 billion, a PE ratio of 11.86, a PEG ratio of 1.07 and a beta of 0.93. NXP Semiconductors has a 1 year low of $69.72 and a 1 year high of $125.93. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.87 and a current ratio of 1.22.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Wednesday, October 31st. The semiconductor provider reported $1.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.68 by $0.13. The business had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $2.43 billion. NXP Semiconductors had a return on equity of 18.08% and a net margin of 28.38%. As a group, equities analysts forecast that NXP Semiconductors will post 6.15 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the business. Rehmann Capital Advisory Group grew its position in NXP Semiconductors by 116.3% in the 3rd quarter. Rehmann Capital Advisory Group now owns 1,605 shares of the semiconductor provider’s stock valued at $137,000 after acquiring an additional 863 shares during the last quarter. Great Lakes Advisors LLC bought a new position in NXP Semiconductors in the 3rd quarter valued at $466,000. Nordea Investment Management AB bought a new position in NXP Semiconductors in the 3rd quarter valued at $2,114,000. TIAA CREF Investment Management LLC grew its position in NXP Semiconductors by 77.1% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 2,263,768 shares of the semiconductor provider’s stock valued at $193,552,000 after acquiring an additional 985,301 shares during the last quarter. Finally, Teachers Advisors LLC grew its position in NXP Semiconductors by 86.6% in the 3rd quarter. Teachers Advisors LLC now owns 1,349,269 shares of the semiconductor provider’s stock valued at $115,362,000 after acquiring an additional 626,160 shares during the last quarter. 75.58% of the stock is currently owned by institutional investors.

NXP Semiconductors Company Profile

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; 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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