NXP Semiconductors (NASDAQ:NXPI) Raised to Strong-Buy at Arete Research

NXP Semiconductors (NASDAQ:NXPI) was upgraded by analysts at Arete Research to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

A number of other equities analysts have also recently issued reports on NXPI. StockNews.com cut NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Wednesday, January 29th. Citigroup raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and boosted their target price for the company from $210.00 to $290.00 in a research note on Thursday, February 20th. Morgan Stanley raised shares of NXP Semiconductors from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $231.00 to $257.00 in a research note on Wednesday, February 12th. Needham & Company LLC lowered their price objective on shares of NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating for the company in a research report on Wednesday, February 5th. Finally, Susquehanna decreased their price target on shares of NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Four analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $267.00.

NXP Semiconductors Stock Performance

NASDAQ:NXPI opened at $200.06 on Tuesday. The company has a market cap of $50.74 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 3.01 and a beta of 1.47. The stock’s 50 day simple moving average is $215.18 and its two-hundred day simple moving average is $222.30. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. NXP Semiconductors has a 1 year low of $196.95 and a 1 year high of $296.08.

Insider Activity at NXP Semiconductors

In related news, COO Andrew Micallef sold 1,000 shares of the business’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $204.86, for a total value of $204,860.00. Following the completion of the sale, the chief operating officer now owns 8,828 shares of the company’s stock, valued at approximately $1,808,504.08. The trade was a 10.18 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.11% of the stock is owned by company insiders.

Hedge Funds Weigh In On NXP Semiconductors

Several hedge funds and other institutional investors have recently modified their holdings of NXPI. ORG Wealth Partners LLC grew its holdings in NXP Semiconductors by 915.4% in the 4th quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock valued at $27,000 after buying an additional 119 shares in the last quarter. Sound Income Strategies LLC increased its position in NXP Semiconductors by 169.2% during the fourth quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock worth $29,000 after purchasing an additional 88 shares during the last quarter. Smithfield Trust Co purchased a new position in NXP Semiconductors during the fourth quarter worth about $32,000. Runnymede Capital Advisors Inc. purchased a new stake in shares of NXP Semiconductors during the 4th quarter valued at approximately $32,000. Finally, FSA Wealth Management LLC acquired a new position in NXP Semiconductors in the third quarter valued at approximately $33,000. 90.54% of the stock is owned by hedge funds and other 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.