NXP Semiconductors (NASDAQ:NXPI) Given “Buy” Rating at Barclays

NXP Semiconductors (NASDAQ:NXPI)‘s stock had its “buy” rating restated by research analysts at Barclays in a note issued to investors on Sunday, May 5th, AnalystRatings.com reports.

NXPI has been the topic of several other research reports. Piper Jaffray Companies lifted their target price on NXP Semiconductors from $100.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, April 9th. Zacks Investment Research cut NXP Semiconductors from a “hold” rating to a “sell” rating in a research report on Thursday, January 17th. TheStreet raised NXP Semiconductors from a “c+” rating to a “b-” rating in a research report on Wednesday, February 13th. ValuEngine raised NXP Semiconductors from a “sell” rating to a “hold” rating in a research report on Saturday, April 13th. Finally, Nomura raised NXP Semiconductors from a “neutral” rating to a “buy” rating and set a $95.00 target price on the stock in a research report on Thursday, January 17th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. NXP Semiconductors has an average rating of “Hold” and an average target price of $99.42.

NXP Semiconductors stock traded up $1.76 during mid-day trading on Friday, reaching $90.88. The stock had a trading volume of 2,536,659 shares, compared to its average volume of 4,028,827. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.04 and a current ratio of 1.42. NXP Semiconductors has a fifty-two week low of $67.62 and a fifty-two week high of $122.24. The stock has a market capitalization of $29.87 billion, a PE ratio of 15.30, a price-to-earnings-growth ratio of 1.09 and a beta of 1.16.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Monday, April 29th. The semiconductor provider reported $1.72 EPS for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.47. NXP Semiconductors had a return on equity of 18.33% and a net margin of 23.06%. The firm had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.09 billion. Research analysts forecast that NXP Semiconductors will post 6.59 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the business. Marshall Wace North America L.P. raised its stake in shares of NXP Semiconductors by 78.2% during the 1st quarter. Marshall Wace North America L.P. now owns 57,295 shares of the semiconductor provider’s stock valued at $5,064,000 after purchasing an additional 25,147 shares during the period. Rehmann Capital Advisory Group raised its stake in shares of NXP Semiconductors by 170.2% during the 1st quarter. Rehmann Capital Advisory Group now owns 1,286 shares of the semiconductor provider’s stock valued at $114,000 after purchasing an additional 810 shares during the period. Cerebellum GP LLC raised its stake in shares of NXP Semiconductors by 664.4% during the 1st quarter. Cerebellum GP LLC now owns 3,776 shares of the semiconductor provider’s stock valued at $334,000 after purchasing an additional 3,282 shares during the period. Allstate Corp raised its stake in shares of NXP Semiconductors by 257.4% during the 1st quarter. Allstate Corp now owns 14,625 shares of the semiconductor provider’s stock valued at $1,293,000 after purchasing an additional 10,533 shares during the period. Finally, Advisory Services Network LLC raised its stake in shares of NXP Semiconductors by 3.2% during the 1st quarter. Advisory Services Network LLC now owns 17,836 shares of the semiconductor provider’s stock valued at $1,577,000 after purchasing an additional 561 shares during the period. Hedge funds and other institutional investors own 76.52% 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.

See Also: Futures Contract

Analyst Recommendations for NXP Semiconductors (NASDAQ:NXPI)

Receive News & Ratings for NXP Semiconductors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NXP Semiconductors and related companies with MarketBeat.com's FREE daily email newsletter.