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

Several research firms have issued reports on NXPI. JPMorgan Chase & Co. raised their target price on NXP Semiconductors NV from $97.00 to $98.00 and gave the stock a “neutral” rating in a research note on Friday. Jefferies Group reissued a “buy” rating on shares of NXP Semiconductors NV in a research note on Thursday. Pacific Crest reissued a “buy” rating and set a $105.00 target price on shares of NXP Semiconductors NV in a research note on Wednesday. Summit Redstone reissued a “buy” rating and set a $91.00 target price on shares of NXP Semiconductors NV in a research note on Wednesday, July 20th. Finally, TheStreet cut NXP Semiconductors NV from a “buy” rating to a “hold” rating in a research note on Friday, July 1st. Four investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $106.66.

The company has a market cap of $21.17 billion and a PE ratio of 27.25. The stock’s 50-day moving average is $82.35 and its 200 day moving average is $80.52.

NXP Semiconductors NV (NASDAQ:NXPI) last announced its quarterly earnings results on Wednesday, July 27th. The semiconductor provider reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.04. The company earned $2.37 billion during the quarter, compared to analyst estimates of $2.35 billion. During the same quarter in the prior year, the company posted $1.44 earnings per share. The firm’s revenue for the quarter was up 57.0% on a year-over-year basis. On average, equities analysts expect that NXP Semiconductors NV will post $5.71 earnings per share for the current fiscal year.

A number of hedge funds recently made changes to their positions in NXPI. BlackRock Advisors LLC increased 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 valued at $102,353,000 after buying an additional 877,662 shares in the last quarter. Westfield Capital Management Co. LP bought a new stake in shares of NXP Semiconductors NV during the fourth quarter valued at about $26,379,000. Wells Fargo & Company MN increased its stake in shares of NXP Semiconductors NV by 15.0% in the fourth quarter. Wells Fargo & Company MN now owns 1,817,987 shares of the semiconductor provider’s stock valued at $153,166,000 after buying an additional 237,690 shares in the last quarter. New York State Common Retirement Fund increased its stake in shares of NXP Semiconductors NV by 1,012.3% in the fourth quarter. New York State Common Retirement Fund now owns 245,711 shares of the semiconductor provider’s stock valued at $20,701,000 after buying an additional 223,621 shares in the last quarter. Finally, Zweig DiMenna Associates LLC increased its stake in shares of NXP Semiconductors NV by 72.9% in the fourth quarter. Zweig DiMenna Associates LLC now owns 350,684 shares of the semiconductor provider’s stock valued at $29,545,000 after buying an additional 147,812 shares in 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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