BidaskClub Downgrades NXP Semiconductors (NASDAQ:NXPI) to Hold

NXP Semiconductors (NASDAQ:NXPI) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday, BidAskClub reports.

Other research analysts have also recently issued reports about the company. KeyCorp raised their price objective on NXP Semiconductors from $120.00 to $130.00 and gave the company an “overweight” rating in a research note on Tuesday, July 7th. Morgan Stanley raised their price objective on NXP Semiconductors from $110.00 to $122.00 and gave the company an “overweight” rating in a research note on Tuesday, June 16th. Jefferies Financial Group raised their price objective on NXP Semiconductors from $118.00 to $137.00 and gave the company a “buy” rating in a research note on Wednesday. Raymond James increased their target price on shares of NXP Semiconductors from $115.00 to $130.00 and gave the stock an “outperform” rating in a report on Monday, July 13th. Finally, Loop Capital increased their target price on shares of NXP Semiconductors from $125.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday. Seven research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $128.71.

Shares of NASDAQ:NXPI traded up $0.31 on Friday, reaching $117.53. 3,344,893 shares of the company traded hands, compared to its average volume of 2,400,321. The business’s 50-day simple moving average is $115.44 and its 200 day simple moving average is $109.28. NXP Semiconductors has a 52 week low of $58.41 and a 52 week high of $139.59. The stock has a market capitalization of $32.79 billion, a P/E ratio of 18.34, a price-to-earnings-growth ratio of 3.54 and a beta of 1.46. The company has a current ratio of 1.74, a quick ratio of 1.10 and a debt-to-equity ratio of 0.88.

In other NXP Semiconductors news, Director Kenneth A. Goldman sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $94.33, for a total transaction of $94,330.00. Following the completion of the transaction, the director now owns 21,840 shares of the company’s stock, valued at $2,060,167.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.56% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Baldwin Investment Management LLC increased its stake in shares of NXP Semiconductors by 1.9% during the second quarter. Baldwin Investment Management LLC now owns 4,665 shares of the semiconductor provider’s stock valued at $532,000 after purchasing an additional 86 shares in the last quarter. Anderson Hoagland & Co. increased its stake in shares of NXP Semiconductors by 0.8% during the second quarter. Anderson Hoagland & Co. now owns 11,885 shares of the semiconductor provider’s stock valued at $1,355,000 after purchasing an additional 100 shares in the last quarter. San Francisco Sentry Investment Group CA increased its position in shares of NXP Semiconductors by 33.2% during the second quarter. San Francisco Sentry Investment Group CA now owns 401 shares of the semiconductor provider’s stock valued at $46,000 after acquiring an additional 100 shares in the last quarter. Asahi Life Asset Management CO. LTD. increased its position in shares of NXP Semiconductors by 3.7% during the first quarter. Asahi Life Asset Management CO. LTD. now owns 3,243 shares of the semiconductor provider’s stock valued at $269,000 after acquiring an additional 115 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System increased its position in shares of NXP Semiconductors by 0.5% during the first quarter. State Board of Administration of Florida Retirement System now owns 26,666 shares of the semiconductor provider’s stock valued at $2,211,000 after acquiring an additional 130 shares in the last quarter. 88.34% of the stock is owned by institutional investors and hedge funds.

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; battery cell controllers; 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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