Investment Analysts’ Weekly Ratings Updates for NXP Semiconductors (NXPI)

NXP Semiconductors (NASDAQ: NXPI) recently received a number of ratings updates from brokerages and research firms:

  • 5/14/2018 – NXP Semiconductors was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 5/9/2018 – NXP Semiconductors was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “NXP Semiconductors N.V. is a global semiconductor company. The Company designs and manufactures High Performance Mixed Signal semiconductor solutions to meet the requirements of systems and sub-systems in its target markets. High Performance Mixed Signal solutions are an optimized mix of analog and digital functionality integrated into a system or sub-system. The Company’s expertise is in RF, analog, power management, interface, security and digital processing products. NXP’s solutions are used in a wide range of automotive, identification, wireless infrastructure, lighting, industrial, mobile, consumer and computing applications. The Company claims to provide its customers improved power efficiency, functional performance, miniaturization, quality, durability and adaptability in their electronic systems and application solutions. NXP is based in Eindhoven, the Netherlands, with research and development activities in Asia, Europe and the United States, and manufacturing facilities in Asia and Europe. “
  • 5/4/2018 – NXP Semiconductors had its price target lowered by analysts at Stifel Nicolaus from $127.50 to $102.00. They now have a “hold” rating on the stock.
  • 5/3/2018 – NXP Semiconductors had its “hold” rating reaffirmed by analysts at Mizuho. They wrote, “We are adjusting our JunQ rev/EPS from $2.5B/ $1.93 to $2.4B/$1.79, F18E from $10.0B/$7.74 to $9.5B/$7.20 and F19E from $10.5B/$8.43 to $10.1B/$8.07. Maintaining our Neutral but adjusting PT to $127.50 from $110, ~15.6x our F19E EPS (updated QCOM pending offer). We believe a combined QCOM+NXPI could drive ~$1.47 in accretion for QCOMs F19E, with combined EPS of ~$4.35 based on our estimated QCOM F19E EPS of $2.88. No guidance or call pending QCOM acquisition. While there is a window for the MOFCOM approval to July-25 with a potential $2B breakup fee, we believe NXPI’s automotive industrial segments are intrinsically very attractive even if the QCOM deal does not happen.””
  • 5/3/2018 – NXP Semiconductors was given a new $115.00 price target on by analysts at Sanford C. Bernstein. They now have a “hold” rating on the stock.
  • 5/3/2018 – NXP Semiconductors was upgraded by analysts at Drexel Hamilton from a “hold” rating to a “buy” rating. They now have a $127.50 price target on the stock, up previously from $110.00.
  • 5/2/2018 – NXP Semiconductors was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 4/28/2018 – NXP Semiconductors was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “NXP Semiconductors N.V. is a global semiconductor company. The Company designs and manufactures High Performance Mixed Signal semiconductor solutions to meet the requirements of systems and sub-systems in its target markets. High Performance Mixed Signal solutions are an optimized mix of analog and digital functionality integrated into a system or sub-system. The Company’s expertise is in RF, analog, power management, interface, security and digital processing products. NXP’s solutions are used in a wide range of automotive, identification, wireless infrastructure, lighting, industrial, mobile, consumer and computing applications. The Company claims to provide its customers improved power efficiency, functional performance, miniaturization, quality, durability and adaptability in their electronic systems and application solutions. NXP is based in Eindhoven, the Netherlands, with research and development activities in Asia, Europe and the United States, and manufacturing facilities in Asia and Europe. “
  • 4/27/2018 – NXP Semiconductors was upgraded by analysts at SunTrust Banks from a “hold” rating to a “buy” rating.
  • 4/21/2018 – NXP Semiconductors was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 4/17/2018 – NXP Semiconductors was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “NXP Semiconductors N.V. is a global semiconductor company. The Company designs and manufactures High Performance Mixed Signal semiconductor solutions to meet the requirements of systems and sub-systems in its target markets. High Performance Mixed Signal solutions are an optimized mix of analog and digital functionality integrated into a system or sub-system. The Company’s expertise is in RF, analog, power management, interface, security and digital processing products. NXP’s solutions are used in a wide range of automotive, identification, wireless infrastructure, lighting, industrial, mobile, consumer and computing applications. The Company claims to provide its customers improved power efficiency, functional performance, miniaturization, quality, durability and adaptability in their electronic systems and application solutions. NXP is based in Eindhoven, the Netherlands, with research and development activities in Asia, Europe and the United States, and manufacturing facilities in Asia and Europe. “
  • 4/12/2018 – NXP Semiconductors is now covered by analysts at Citigroup. They set a “neutral” rating and a $127.50 price target on the stock.
  • 4/7/2018 – NXP Semiconductors was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 4/2/2018 – NXP Semiconductors was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 3/21/2018 – NXP Semiconductors was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 3/19/2018 – NXP Semiconductors is now covered by analysts at Morgan Stanley. They set an “equal weight” rating and a $127.50 price target on the stock.

NASDAQ:NXPI opened at $106.71 on Friday. The company has a quick ratio of 1.68, a current ratio of 2.07 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $37.40 billion, a price-to-earnings ratio of 14.86, a P/E/G ratio of 0.91 and a beta of 0.81. NXP Semiconductors has a 12 month low of $106.87 and a 12 month high of $109.52.

Large investors have recently bought and sold shares of the business. Alpine Global Management LLC lifted its stake in shares of NXP Semiconductors by 621.1% in the first quarter. Alpine Global Management LLC now owns 265,000 shares of the semiconductor provider’s stock valued at $31,005,000 after buying an additional 228,250 shares in the last quarter. MKP Capital Management L.L.C. lifted its stake in shares of NXP Semiconductors by 52.1% in the first quarter. MKP Capital Management L.L.C. now owns 55,000 shares of the semiconductor provider’s stock valued at $6,435,000 after buying an additional 18,850 shares in the last quarter. Point72 Europe London LLP bought a new position in shares of NXP Semiconductors in the first quarter valued at $1,486,000. Point72 Asia Hong Kong Ltd bought a new position in shares of NXP Semiconductors in the first quarter valued at $223,000. Finally, Cubist Systematic Strategies LLC bought a new position in shares of NXP Semiconductors in the first quarter valued at $429,000. Institutional investors and hedge funds own 83.22% of the company’s stock.

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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