Shares of NXP Semiconductors NV (NASDAQ:NXPI) gapped up before the market opened on Monday . The stock had previously closed at $78.62, but opened at $79.15. NXP Semiconductors NV shares last traded at $80.34, with a volume of 2,224,482 shares changing hands.

A number of analysts recently commented on NXPI shares. Bank of America Corp. lowered NXP Semiconductors NV from a “buy” rating to a “neutral” rating in a research note on Monday, June 27th. Raymond James Financial Inc. lowered NXP Semiconductors NV from a “strong-buy” rating to an “outperform” rating in a research note on Tuesday, April 19th. Nomura Holdings Inc. reaffirmed a “buy” rating and set a $100.00 price objective on shares of NXP Semiconductors NV in a research note on Wednesday, June 29th. TheStreet lowered NXP Semiconductors NV from a “buy” rating to a “hold” rating in a research note on Friday, July 1st. Finally, Zacks Investment Research raised NXP Semiconductors NV from a “sell” rating to a “hold” rating in a research note on Wednesday, April 6th. Four analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $107.03.

The stock’s 50-day moving average price is $85.61 and its 200-day moving average price is $80.34. The company has a market capitalization of $20.10 billion and a price-to-earnings ratio of 17.91.

NXP Semiconductors NV (NASDAQ:NXPI) last issued its quarterly earnings results on Monday, April 25th. The semiconductor provider reported $1.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.05. Equities research analysts forecast that NXP Semiconductors NV will post $5.70 earnings per share for the current fiscal year.

Other hedge funds have modified their holdings of the company. Profund Advisors LLC raised its stake in shares of NXP Semiconductors NV by 11.4% in the fourth quarter. Profund Advisors LLC now owns 13,464 shares of the semiconductor provider’s stock worth $1,134,000 after buying an additional 1,377 shares during the period. Mitsubishi UFJ Kokusai Asset Management CO. LTD. acquired a new stake in shares of NXP Semiconductors NV during the fourth quarter worth about $1,578,000. Whittier Trust Co. of Nevada Inc. raised its stake in shares of NXP Semiconductors NV by 25.6% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 23,321 shares of the semiconductor provider’s stock worth $1,965,000 after buying an additional 4,760 shares during the period. Sawtooth Asset Management Inc. raised its stake in shares of NXP Semiconductors NV by 2,572.9% in the fourth quarter. Sawtooth Asset Management Inc. now owns 24,136 shares of the semiconductor provider’s stock worth $2,033,000 after buying an additional 23,233 shares during the period. Finally, State of New Jersey Common Pension Fund D acquired a new stake in shares of NXP Semiconductors NV during the fourth quarter worth about $2,077,000.

NXP Semiconductors N.V. (NXP) is a holding company. The Company operates as a semiconductor company and a long-standing supplier. The Company provides high performance mixed signal and standard product solutions. The Company’s segments include High Performance Mixed Signal (HPMS), Standard Products (SP), and Corporate and Other.

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