NXP Semiconductors (NASDAQ:NXPI)‘s stock had its “outperform” rating reiterated by analysts at Credit Suisse Group in a research report issued on Friday, January 10th, The Fly reports. They presently have a $150.00 target price on the semiconductor provider’s stock, up from their prior target price of $135.00. Credit Suisse Group’s target price points to a potential upside of 18.24% from the stock’s current price.
Several other analysts have also recently commented on NXPI. S&P Equity Research raised their price target on shares of NXP Semiconductors from $145.00 to $155.00 in a report on Friday, January 10th. They noted that the move was a valuation call. Loop Capital set a $130.00 price target on shares of NXP Semiconductors and gave the stock a “buy” rating in a report on Thursday, September 26th. TheStreet cut shares of NXP Semiconductors from a “b” rating to a “c+” rating in a report on Tuesday, October 29th. Needham & Company LLC reiterated a “buy” rating and issued a $140.00 target price on shares of NXP Semiconductors in a research note on Tuesday, October 29th. Finally, Sanford C. Bernstein set a $125.00 target price on shares of NXP Semiconductors and gave the company a “buy” rating in a research note on Wednesday, September 18th. Four research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $134.74.
NXP Semiconductors stock opened at $126.86 on Friday. The firm’s 50 day simple moving average is $129.69 and its 200-day simple moving average is $113.44. The company has a market cap of $35.46 billion, a P/E ratio of 91.27, a price-to-earnings-growth ratio of 1.48 and a beta of 1.24. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.90 and a quick ratio of 1.54. NXP Semiconductors has a fifty-two week low of $85.38 and a fifty-two week high of $137.92.
In other NXP Semiconductors news, EVP Keith M. Shull sold 21,085 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $119.35, for a total value of $2,516,494.75. Following the sale, the executive vice president now owns 15,092 shares of the company’s stock, valued at approximately $1,801,230.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Stephen Owen sold 1,639 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $118.00, for a total transaction of $193,402.00. Following the completion of the sale, the executive vice president now owns 7,096 shares in the company, valued at approximately $837,328. The disclosure for this sale can be found here. Insiders have sold 35,416 shares of company stock worth $4,245,127 in the last ninety days.
Several large investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its stake in NXP Semiconductors by 2.4% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 206,248 shares of the semiconductor provider’s stock worth $20,132,000 after purchasing an additional 4,913 shares in the last quarter. Commonwealth Bank of Australia increased its stake in NXP Semiconductors by 84.6% during the 2nd quarter. Commonwealth Bank of Australia now owns 13,895 shares of the semiconductor provider’s stock worth $1,352,000 after purchasing an additional 6,366 shares in the last quarter. Glen Harbor Capital Management LLC increased its stake in NXP Semiconductors by 13.5% during the 2nd quarter. Glen Harbor Capital Management LLC now owns 21,280 shares of the semiconductor provider’s stock worth $2,077,000 after purchasing an additional 2,528 shares in the last quarter. MML Investors Services LLC increased its stake in NXP Semiconductors by 6.3% during the 2nd quarter. MML Investors Services LLC now owns 10,070 shares of the semiconductor provider’s stock worth $983,000 after purchasing an additional 599 shares in the last quarter. Finally, Parametric Portfolio Associates LLC increased its stake in NXP Semiconductors by 7.7% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 693,499 shares of the semiconductor provider’s stock worth $67,692,000 after purchasing an additional 49,291 shares in the last quarter. Institutional investors own 89.66% of the company’s stock.
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; battery cell controllers; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.
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