Equities researchers at Credit Suisse Group initiated coverage on shares of NXP Semiconductors (NASDAQ:NXPI) in a report released on Friday, MarketBeat reports. The firm set an “outperform” rating and a $125.00 price target on the semiconductor provider’s stock. Credit Suisse Group’s price objective indicates a potential upside of 32.95% from the stock’s previous close.

Several other analysts have also recently issued reports on the stock. Deutsche Bank raised shares of NXP Semiconductors from a “hold” rating to a “buy” rating and reduced their price target for the stock from $127.50 to $107.00 in a research report on Thursday, July 26th. ValuEngine cut shares of NXP Semiconductors from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 26th. Zacks Investment Research cut shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Tuesday, August 7th. Morgan Stanley reduced their price target on shares of NXP Semiconductors from $127.50 to $105.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 26th. Finally, Jefferies Financial Group raised shares of NXP Semiconductors from a “hold” rating to a “buy” rating and set a $80.00 price target on the stock in a research report on Friday, July 27th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. NXP Semiconductors currently has a consensus rating of “Hold” and an average price target of $110.76.

NASDAQ NXPI opened at $94.02 on Friday. NXP Semiconductors has a 12 month low of $86.67 and a 12 month high of $125.93. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.26 and a current ratio of 2.98. The stock has a market capitalization of $32.30 billion, a price-to-earnings ratio of 13.09, a P/E/G ratio of 0.79 and a beta of 0.82.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Thursday, July 26th. The semiconductor provider reported $1.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.43 by ($0.33). The business had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.36 billion. NXP Semiconductors had a return on equity of 16.24% and a net margin of 10.35%. analysts predict that NXP Semiconductors will post 5.98 EPS for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in the stock. Sterling Capital Management LLC increased its stake in shares of NXP Semiconductors by 3.9% during the second quarter. Sterling Capital Management LLC now owns 16,060 shares of the semiconductor provider’s stock worth $1,755,000 after buying an additional 600 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of NXP Semiconductors by 1.5% during the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 41,464 shares of the semiconductor provider’s stock worth $4,531,000 after buying an additional 629 shares during the period. ClariVest Asset Management LLC increased its stake in shares of NXP Semiconductors by 50.2% during the first quarter. ClariVest Asset Management LLC now owns 1,952 shares of the semiconductor provider’s stock worth $229,000 after buying an additional 652 shares during the period. Dimensional Fund Advisors LP increased its stake in NXP Semiconductors by 5.7% in the second quarter. Dimensional Fund Advisors LP now owns 12,361 shares of the semiconductor provider’s stock valued at $1,353,000 after purchasing an additional 672 shares during the last quarter. Finally, Greenleaf Trust increased its stake in NXP Semiconductors by 37.1% in the second quarter. Greenleaf Trust now owns 2,613 shares of the semiconductor provider’s stock valued at $286,000 after purchasing an additional 707 shares during the last quarter. Hedge funds and other institutional investors own 83.58% of the company’s stock.

About NXP Semiconductors

NXP Semiconductors N.V., a semiconductor company, provides high performance mixed signal solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. The company offers products for audio and visual head-end unit applications, such as single-chip radio solutions, multi-standard radios, audio amplifiers and power analog products, and i.MX applications processors; in-vehicle networking products; two-way secure entry products; various sensors and microcontrollers; power management solutions; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.

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Analyst Recommendations for NXP Semiconductors (NASDAQ:NXPI)

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