NXP Semiconductors NV (NASDAQ:NXPI) was down 3.8% on Thursday . The company traded as low as $83.06 and last traded at $84.16, with a volume of 6,545,178 shares. The stock had previously closed at $87.44.

A number of equities research analysts have weighed in on NXPI shares. Credit Suisse Group AG reiterated an “outperform” rating and set a $120.00 price target on shares of NXP Semiconductors NV in a research note on Tuesday, April 12th. Morgan Stanley restated a “buy” rating on shares of NXP Semiconductors NV in a research note on Tuesday, April 19th. Nomura began coverage on shares of NXP Semiconductors NV in a research note on Monday, April 11th. They issued a “buy” rating and a $95.00 target price on the stock. Deutsche Bank AG restated a “buy” rating and issued a $110.00 target price on shares of NXP Semiconductors NV in a research note on Thursday, April 14th. Finally, Summit Redstone restated a “buy” rating and issued a $91.00 target price on shares of NXP Semiconductors NV in a research note on Wednesday, July 20th. Four research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $106.62.

The firm has a market capitalization of $21.24 billion and a price-to-earnings ratio of 18.92. The stock has a 50 day moving average price of $82.53 and a 200-day moving average price of $80.47.

NXP Semiconductors NV (NASDAQ:NXPI) last announced its quarterly earnings results on Wednesday, July 27th. The semiconductor provider reported $1.39 EPS for the quarter, beating the Zacks’ consensus estimate of $1.35 by $0.04. The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same period in the previous year, the business posted $1.44 earnings per share. The business’s revenue for the quarter was up 57.0% compared to the same quarter last year. Equities analysts anticipate that NXP Semiconductors NV will post $5.73 earnings per share for the current year.

Other hedge funds have recently made changes to their positions in the company. BlackRock Advisors LLC raised its stake in shares of NXP Semiconductors NV by 260.3% in the fourth quarter. BlackRock Advisors LLC now owns 1,214,881 shares of the semiconductor provider’s stock worth $102,353,000 after buying an additional 877,662 shares during the last quarter. Alta Park Capital LP purchased a new stake in shares of NXP Semiconductors NV during the fourth quarter worth approximately $2,106,000. Westfield Capital Management Co. LP purchased a new stake in shares of NXP Semiconductors NV during the fourth quarter worth approximately $26,379,000. Airain ltd raised its stake in shares of NXP Semiconductors NV by 132.0% in the fourth quarter. Airain ltd now owns 180,725 shares of the semiconductor provider’s stock worth $15,226,000 after buying an additional 102,835 shares during the last quarter. Finally, Marco Investment Management LLC raised its stake in shares of NXP Semiconductors NV by 35.5% in the fourth quarter. Marco Investment Management LLC now owns 103,650 shares of the semiconductor provider’s stock worth $8,733,000 after buying an additional 27,150 shares during the last quarter.

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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