NXP Semiconductors (NASDAQ:NXPI) was upgraded by research analysts at Bank of America from a “neutral” rating to a “buy” rating in a research note issued to investors on Monday, The Fly reports.

Other research analysts have also recently issued reports about the stock. ValuEngine cut shares of NXP Semiconductors from a “sell” rating to a “strong sell” rating in a report on Thursday, July 26th. Deutsche Bank raised shares of NXP Semiconductors from a “hold” rating to a “buy” rating and cut their price target for the stock from $127.50 to $107.00 in a report on Thursday, July 26th. Zacks Investment Research cut shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Tuesday, August 7th. Jefferies Financial Group raised shares of NXP Semiconductors from a “hold” rating to a “buy” rating and set a $80.00 price target for the company in a report on Friday, July 27th. Finally, Morgan Stanley cut their price target on shares of NXP Semiconductors from $127.50 to $105.00 and set an “equal weight” rating for the company in a report on Thursday, July 26th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. NXP Semiconductors currently has an average rating of “Hold” and a consensus price target of $110.35.

Shares of NASDAQ:NXPI opened at $92.76 on Monday. NXP Semiconductors has a one year low of $84.59 and a one year high of $125.93. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.98 and a quick ratio of 2.26. The stock has a market capitalization of $30.52 billion, a PE ratio of 12.92, a price-to-earnings-growth ratio of 0.74 and a beta of 0.82.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Thursday, July 26th. The semiconductor provider reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.33). NXP Semiconductors had a net margin of 10.35% and a return on equity of 16.24%. The business had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.36 billion. sell-side analysts predict that NXP Semiconductors will post 6.03 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Third Point LLC acquired a new position in NXP Semiconductors during the second quarter worth about $1,174,652,000. Farallon Capital Management LLC grew its position in NXP Semiconductors by 5.9% during the first quarter. Farallon Capital Management LLC now owns 8,278,000 shares of the semiconductor provider’s stock worth $968,526,000 after buying an additional 463,000 shares during the period. Hsbc Holdings PLC grew its position in NXP Semiconductors by 71.7% during the first quarter. Hsbc Holdings PLC now owns 7,508,068 shares of the semiconductor provider’s stock worth $878,444,000 after buying an additional 3,135,818 shares during the period. PSquared Asset Management AG grew its position in NXP Semiconductors by 35.4% during the first quarter. PSquared Asset Management AG now owns 2,895,549 shares of the semiconductor provider’s stock worth $338,779,000 after buying an additional 757,287 shares during the period. Finally, Alpine Associates Management Inc. grew its position in NXP Semiconductors by 23.9% during the first quarter. Alpine Associates Management Inc. now owns 2,197,810 shares of the semiconductor provider’s stock worth $257,145,000 after buying an additional 424,205 shares during the period. Institutional investors own 83.59% of the company’s stock.

NXP Semiconductors Company Profile

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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