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

NXP Semiconductors (NASDAQ:NXPI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Wednesday, 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. “

A number of other brokerages also recently commented on NXPI. Evercore ISI raised shares of NXP Semiconductors from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $110.00 to $125.00 in a research note on Monday, July 29th. Sanford C. Bernstein set a $125.00 price target on shares of NXP Semiconductors and gave the stock a “buy” rating in a report on Wednesday, September 18th. 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. Morgan Stanley lifted their price target on shares of NXP Semiconductors from $114.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Finally, Raymond James began coverage on shares of NXP Semiconductors in a report on Monday, August 19th. They issued an “outperform” rating and a $115.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $106.90.

NASDAQ:NXPI traded down $1.01 during trading hours on Wednesday, reaching $108.80. The company’s stock had a trading volume of 110,521 shares, compared to its average volume of 2,596,607. The company has a market capitalization of $36.80 billion, a P/E ratio of 18.33, a price-to-earnings-growth ratio of 1.41 and a beta of 1.25. NXP Semiconductors has a 12 month low of $67.62 and a 12 month high of $113.50. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.44 and a current ratio of 1.82. The stock has a 50 day moving average price of $106.87 and a two-hundred day moving average price of $100.10.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Tuesday, July 30th. The semiconductor provider reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.48 by $0.52. The company had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.20 billion. NXP Semiconductors had a net margin of 23.10% and a return on equity of 22.22%. As a group, analysts predict that NXP Semiconductors will post 6.34 EPS for the current fiscal year.

In other news, EVP Keith M. Shull sold 4,196 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $108.14, for a total transaction of $453,755.44. Following the sale, the executive vice president now directly owns 9,587 shares of the company’s stock, valued at $1,036,738.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Peter L. Bonfield sold 10,000 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $98.36, for a total transaction of $983,600.00. Following the sale, the chairman now directly owns 24,404 shares in the company, valued at $2,400,377.44. The disclosure for this sale can be found here. Insiders have sold 18,765 shares of company stock worth $1,919,522 over the last three months.

Institutional investors and hedge funds have recently made changes to their positions in the company. Nisa Investment Advisors LLC grew its holdings in shares of NXP Semiconductors by 20.7% during the second quarter. Nisa Investment Advisors LLC now owns 55,480 shares of the semiconductor provider’s stock valued at $5,415,000 after buying an additional 9,500 shares during the last quarter. CWM Advisors LLC lifted its position in NXP Semiconductors by 2.5% during the second quarter. CWM Advisors LLC now owns 5,582 shares of the semiconductor provider’s stock valued at $545,000 after purchasing an additional 135 shares during the period. Nomura Asset Management Co. Ltd. lifted its position in NXP Semiconductors by 10.6% during the second quarter. Nomura Asset Management Co. Ltd. now owns 76,599 shares of the semiconductor provider’s stock valued at $7,477,000 after purchasing an additional 7,340 shares during the period. KBC Group NV lifted its position in NXP Semiconductors by 38.9% during the second quarter. KBC Group NV now owns 486,341 shares of the semiconductor provider’s stock valued at $47,472,000 after purchasing an additional 136,294 shares during the period. Finally, Providence Capital Advisors LLC lifted its position in NXP Semiconductors by 2.0% during the second quarter. Providence Capital Advisors LLC now owns 21,072 shares of the semiconductor provider’s stock valued at $2,057,000 after purchasing an additional 404 shares during the period. 74.88% of the stock is currently owned by hedge funds and other 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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