Shares of NXP Semiconductors NV (NASDAQ:NXPI) gapped up before the market opened on Monday . The stock had previously closed at $79.53, but opened at $79.68. NXP Semiconductors NV shares last traded at $81.39, with a volume of 1,969,808 shares.

Several analysts recently commented on the stock. Mizuho reaffirmed a “buy” rating and set a $120.00 target price on shares of NXP Semiconductors NV in a report on Saturday, April 9th. Jefferies Group reiterated a “buy” rating on shares of NXP Semiconductors NV in a research note on Sunday, May 22nd. Morgan Stanley reiterated a “buy” rating on shares of NXP Semiconductors NV in a research note on Wednesday, April 27th. Goldman Sachs Group Inc. upgraded shares of NXP Semiconductors NV from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $80.00 to $110.00 in a research note on Thursday, May 5th. Finally, Drexel Hamilton reiterated a “buy” rating on shares of NXP Semiconductors NV in a research note on Wednesday, June 15th. Four analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the stock. NXP Semiconductors NV currently has an average rating of “Buy” and a consensus target price of $107.03.

The stock’s 50 day moving average is $83.96 and its 200 day moving average is $80.20. The company has a market cap of $20.85 billion and a P/E ratio of 18.57.

NXP Semiconductors NV (NASDAQ:NXPI) last posted its quarterly earnings results on Monday, April 25th. The semiconductor provider reported $1.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.09 by $0.05. On average, equities research analysts anticipate that NXP Semiconductors NV will post $5.70 earnings per share for the current fiscal year.

Other institutional investors recently bought and sold shares of the company. Mitsubishi UFJ Kokusai Asset Management CO. LTD. bought a new position in NXP Semiconductors NV during the fourth quarter valued at $1,578,000. Whittier Trust Co. of Nevada Inc. raised its position in 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 valued at $1,965,000 after buying an additional 4,760 shares during the last quarter. Sawtooth Asset Management Inc. raised its position in 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 valued at $2,033,000 after buying an additional 23,233 shares during the last quarter. State of New Jersey Common Pension Fund D acquired a new position in shares of NXP Semiconductors NV during the fourth quarter worth $2,077,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of NXP Semiconductors NV during the fourth quarter worth $2,157,000.

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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