NXP Semiconductors (NASDAQ:NXPI) Raised to Buy at The Goldman Sachs Group

NXP Semiconductors (NASDAQ:NXPI) was upgraded by stock analysts at The Goldman Sachs Group from a “neutral” rating to a “buy” rating in a report released on Friday,Benzinga reports. The brokerage presently has a $257.00 price objective on the semiconductor provider’s stock, down from their previous price objective of $260.00. The Goldman Sachs Group’s price target indicates a potential upside of 22.54% from the company’s previous close.

Several other equities research analysts have also weighed in on the company. Wells Fargo & Company initiated coverage on NXP Semiconductors in a research report on Friday, November 22nd. They issued an “overweight” rating and a $250.00 target price on the stock. Stifel Nicolaus lowered their price target on shares of NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating for the company in a research report on Thursday, October 17th. Morgan Stanley cut their price objective on shares of NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 6th. Loop Capital began coverage on shares of NXP Semiconductors in a research report on Monday, November 11th. They issued a “buy” rating and a $300.00 target price for the company. Finally, Needham & Company LLC cut their price target on NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $273.19.

NXP Semiconductors Trading Down 1.3 %

NASDAQ NXPI opened at $209.72 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.60 and a current ratio of 2.35. NXP Semiconductors has a one year low of $201.58 and a one year high of $296.08. The company has a 50-day simple moving average of $220.26 and a 200-day simple moving average of $238.76. The firm has a market capitalization of $53.30 billion, a PE ratio of 20.01, a price-to-earnings-growth ratio of 4.37 and a beta of 1.47.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.43 by $0.02. The firm had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.25 billion. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. NXP Semiconductors’s revenue was down 5.4% on a year-over-year basis. During the same quarter last year, the company posted $3.31 earnings per share. On average, equities analysts forecast that NXP Semiconductors will post 11.33 earnings per share for the current year.

Institutional Trading of NXP Semiconductors

Large investors have recently added to or reduced their stakes in the business. FSA Wealth Management LLC bought a new position in shares of NXP Semiconductors in the third quarter valued at $33,000. Fortitude Family Office LLC raised its position in shares of NXP Semiconductors by 52.4% during the fourth quarter. Fortitude Family Office LLC now owns 218 shares of the semiconductor provider’s stock worth $45,000 after purchasing an additional 75 shares during the period. Valley Wealth Managers Inc. purchased a new stake in shares of NXP Semiconductors during the second quarter valued at $48,000. Avior Wealth Management LLC boosted its position in shares of NXP Semiconductors by 182.1% in the 3rd quarter. Avior Wealth Management LLC now owns 220 shares of the semiconductor provider’s stock valued at $53,000 after purchasing an additional 142 shares during the period. Finally, Fairfield Financial Advisors LTD purchased a new position in NXP Semiconductors in the 2nd quarter worth about $54,000. 90.54% of the stock is currently owned by institutional investors.

About NXP Semiconductors

NXP Semiconductors N.V. offers various semiconductor products. The company's product portfolio includes microcontrollers; application processors, including i.MX application processors, and i.MX 8 and 9 family of applications processors; communication processors; wireless connectivity solutions, such as near field communications, ultra-wideband, Bluetooth low-energy, Zigbee, and Wi-Fi and Wi-Fi/Bluetooth integrated SoCs; analog and interface devices; radio frequency power amplifiers; and security controllers, as well as semiconductor-based environmental and inertial sensors, including pressure, inertial, magnetic, and gyroscopic sensors.