NXP Semiconductors N.V. (NXPI) Receives “Hold” Rating from Mizuho
Mizuho reaffirmed their hold rating on shares of NXP Semiconductors N.V. (NASDAQ:NXPI) in a research note published on Thursday. Mizuho currently has a $110.00 target price on the semiconductor provider’s stock.
“Weakness in SIS was due to lower market demand and ASP compression in the segment and some commoditization. NXPI’s LT margin targets. NXPI reported operating margins of 28.4%, up 280 bps versus 2Q16. L-T NXPI has noted mid-50% GM and 31-34% OM target. Fab utilization averaged 94% for the JunQ (95% in the MarQ). Inline quarter; tweaking estimates, reiterating our Neutral and $110 PT (value of the QCOM offer). We are adjusting our SepQ rev/EPS goes from $2.3B/$1.67 to $2.3B/$1.68, F17E remains at $9.0B/$6.32 and F18E remains $9.4B/$7.38. We continue to see a combined QCOM+NXPI driving ~$1.35-1.45 in accretion for QCOMs F18E (Sep’18), with combined EPS of ~$5.21 (prior $5.20) based on our estimated QCOM F18E EPS of $3.77. On QCOMs JunQ earnings call, the company reiterated it still sees the deal to close by the end of C2017.”,” the firm’s analyst wrote.
A number of other analysts have also recently issued reports on the company. Drexel Hamilton restated a hold rating and set a $110.00 price objective on shares of NXP Semiconductors N.V. in a research report on Thursday. BidaskClub upgraded NXP Semiconductors N.V. from a sell rating to a hold rating in a research report on Monday, July 31st. ValuEngine upgraded NXP Semiconductors N.V. from a hold rating to a buy rating in a research report on Tuesday, July 25th. BMO Capital Markets restated a hold rating and set a $110.00 price objective on shares of NXP Semiconductors N.V. in a research report on Friday, July 21st. Finally, Jefferies Group LLC restated a hold rating and set a $110.00 price objective on shares of NXP Semiconductors N.V. in a research report on Monday, July 10th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $110.53.
Shares of NXP Semiconductors N.V. (NASDAQ:NXPI) traded up 1.59% during trading on Thursday, reaching $112.42. The company had a trading volume of 5,618,270 shares. The stock has a 50 day moving average price of $109.54 and a 200 day moving average price of $105.36. The firm has a market capitalization of $28.30 billion, a PE ratio of 19.98 and a beta of 0.89. NXP Semiconductors N.V. has a 12 month low of $80.13 and a 12 month high of $112.79.
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A number of institutional investors have recently bought and sold shares of NXPI. BlackRock Inc. raised its position in NXP Semiconductors N.V. by 2,546.6% in the first quarter. BlackRock Inc. now owns 11,852,113 shares of the semiconductor provider’s stock worth $1,226,696,000 after buying an additional 11,404,283 shares in the last quarter. Renaissance Technologies LLC raised its position in NXP Semiconductors N.V. by 155.6% in the first quarter. Renaissance Technologies LLC now owns 2,661,288 shares of the semiconductor provider’s stock worth $275,443,000 after buying an additional 1,620,200 shares in the last quarter. OZ Management LP raised its position in NXP Semiconductors N.V. by 55.6% in the first quarter. OZ Management LP now owns 4,297,878 shares of the semiconductor provider’s stock worth $444,831,000 after buying an additional 1,535,998 shares in the last quarter. FIL Ltd raised its position in NXP Semiconductors N.V. by 63.4% in the first quarter. FIL Ltd now owns 3,906,470 shares of the semiconductor provider’s stock worth $404,320,000 after buying an additional 1,515,559 shares in the last quarter. Finally, Tyrus Capital S.A.M. acquired a new position in NXP Semiconductors N.V. during the first quarter worth approximately $109,710,000. 76.83% of the stock is currently owned by institutional investors.
NXP Semiconductors N.V. Company Profile
NXP Semiconductors N.V. (NXP) is a holding company. The Company operates as a semiconductor company. The Company provides high performance mixed signal and standard product solutions. The Company’s segments are High Performance Mixed Signal (HPMS), Standard Products (SP), and Corporate and Other. Its product solutions are used in a range of end-market applications, including automotive, personal security and identification, wireless and wireline infrastructure, mobile communications, multi-market industrial, consumer and computing.
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