NXP Semiconductors (NASDAQ:NXPI) Rating Lowered to Hold at Zacks Investment Research

NXP Semiconductors (NASDAQ:NXPI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Friday, Zacks.com reports.

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. “

Other equities analysts have also recently issued reports about the company. ValuEngine raised Valmont Industries from a “sell” rating to a “hold” rating in a report on Friday, July 12th. BidaskClub cut Vertex Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Tuesday, July 9th. Piper Jaffray Companies set a $55.00 price objective on Pacira Biosciences and gave the stock a “buy” rating in a report on Tuesday, April 9th. Mizuho lifted their price objective on NXP Semiconductors from $95.00 to $100.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. Finally, Bank of America reaffirmed a “buy” rating and set a $105.00 price objective (up from $100.00) on shares of Zendesk in a report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, nine have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $101.42.

NXP Semiconductors stock opened at $97.96 on Friday. 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 1-year low of $67.62 and a 1-year high of $108.51. The stock has a market capitalization of $32.20 billion, a P/E ratio of 16.49, a PEG ratio of 1.19 and a beta of 1.27. The company has a 50 day simple moving average of $95.41.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Monday, April 29th. The semiconductor provider reported $1.72 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.47. The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.09 billion. NXP Semiconductors had a return on equity of 18.33% and a net margin of 23.06%. Research analysts expect that NXP Semiconductors will post 6.56 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NXPI. Norges Bank acquired a new position in shares of NXP Semiconductors in the fourth quarter worth $234,256,000. Boston Partners acquired a new position in shares of NXP Semiconductors in the first quarter worth $149,891,000. Bank of Montreal Can raised its holdings in shares of NXP Semiconductors by 308.2% in the first quarter. Bank of Montreal Can now owns 956,288 shares of the semiconductor provider’s stock worth $84,526,000 after acquiring an additional 721,996 shares during the last quarter. Pictet Asset Management Ltd. raised its holdings in shares of NXP Semiconductors by 14.8% in the first quarter. Pictet Asset Management Ltd. now owns 3,101,888 shares of the semiconductor provider’s stock worth $274,176,000 after acquiring an additional 400,506 shares during the last quarter. Finally, Pennsylvania Trust Co raised its holdings in shares of NXP Semiconductors by 1,977.4% in the first quarter. Pennsylvania Trust Co now owns 328,643 shares of the semiconductor provider’s stock worth $10,158,000 after acquiring an additional 312,823 shares during the last quarter. 76.00% of the stock is 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; battery cell controllers; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.

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