BidaskClub Downgrades NXP Semiconductors (NASDAQ:NXPI) to Hold

NXP Semiconductors (NASDAQ:NXPI) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Friday, BidAskClub reports.

Other equities research analysts have also issued reports about the company. BMO Capital Markets reduced their price target on NXP Semiconductors from $125.00 to $115.00 and set a “market perform” rating for the company in a report on Wednesday, April 29th. Jefferies Financial Group raised their price objective on NXP Semiconductors from $118.00 to $137.00 and gave the company a “buy” rating in a research note on Wednesday. Deutsche Bank raised their price objective on NXP Semiconductors from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, July 17th. Evercore ISI raised NXP Semiconductors from an “in-line” rating to an “outperform” rating and set a $140.00 price objective on the stock in a research note on Monday, June 8th. Finally, Loop Capital raised their price objective on NXP Semiconductors from $125.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday. Seven analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. NXP Semiconductors currently has an average rating of “Buy” and an average price target of $128.71.

Shares of NXP Semiconductors stock traded up $0.31 during trading on Friday, hitting $117.53. 3,344,893 shares of the stock traded hands, compared to its average volume of 2,400,321. The stock has a market cap of $32.79 billion, a P/E ratio of 18.34, a PEG ratio of 3.54 and a beta of 1.46. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.10 and a current ratio of 1.74. NXP Semiconductors has a twelve month low of $58.41 and a twelve month high of $139.59. The company has a fifty day moving average price of $115.44 and a two-hundred day moving average price of $109.28.

In related news, Director Kenneth A. Goldman sold 1,000 shares of the company’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $94.33, for a total value of $94,330.00. Following the completion of the sale, the director now owns 21,840 shares in the company, valued at $2,060,167.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.56% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Baldwin Investment Management LLC boosted its position in NXP Semiconductors by 1.9% during the second quarter. Baldwin Investment Management LLC now owns 4,665 shares of the semiconductor provider’s stock valued at $532,000 after purchasing an additional 86 shares during the last quarter. Anderson Hoagland & Co. increased its stake in NXP Semiconductors by 0.8% during the 2nd quarter. Anderson Hoagland & Co. now owns 11,885 shares of the semiconductor provider’s stock worth $1,355,000 after acquiring an additional 100 shares during the period. San Francisco Sentry Investment Group CA increased its stake in NXP Semiconductors by 33.2% during the 2nd quarter. San Francisco Sentry Investment Group CA now owns 401 shares of the semiconductor provider’s stock worth $46,000 after acquiring an additional 100 shares during the period. Asahi Life Asset Management CO. LTD. increased its stake in shares of NXP Semiconductors by 3.7% in the 1st quarter. Asahi Life Asset Management CO. LTD. now owns 3,243 shares of the semiconductor provider’s stock valued at $269,000 after purchasing an additional 115 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System increased its stake in shares of NXP Semiconductors by 0.5% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 26,666 shares of the semiconductor provider’s stock valued at $2,211,000 after purchasing an additional 130 shares during the last quarter. Institutional investors own 88.34% 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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Analyst Recommendations for NXP Semiconductors (NASDAQ:NXPI)

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