NXP Semiconductors (NASDAQ:NXPI) Stock Rating Reaffirmed by Bank of America

Bank of America reiterated their buy rating on shares of NXP Semiconductors (NASDAQ:NXPI) in a research note published on Wednesday, May 1st, Briefing.com Automated Import reports. Bank of America currently has a $125.00 target price on the semiconductor provider’s stock, up from their previous target price of $105.00.

NXPI has been the topic of a number of other research reports. Piper Jaffray Companies upped their price objective on NXP Semiconductors from $100.00 to $110.00 and gave the stock an overweight rating in a research note on Tuesday, April 9th. ValuEngine upgraded NXP Semiconductors from a sell rating to a hold rating in a research note on Saturday, April 13th. BidaskClub upgraded NXP Semiconductors from a sell rating to a hold rating in a research note on Thursday, February 14th. Needham & Company LLC increased their price objective on NXP Semiconductors to $105.00 and gave the stock a strong-buy rating in a research report on Friday, February 8th. Finally, Zacks Investment Research upgraded NXP Semiconductors from a sell rating to a hold rating and set a $109.00 price objective on the stock in a research report on Wednesday, April 10th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $99.42.

NXP Semiconductors stock opened at $95.13 on Wednesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.42 and a quick ratio of 1.04. NXP Semiconductors has a 12-month low of $67.62 and a 12-month high of $122.24. The stock has a market capitalization of $32.93 billion, a P/E ratio of 16.02, a price-to-earnings-growth ratio of 1.22 and a beta of 1.16.

Several institutional investors and hedge funds have recently modified their holdings of NXPI. Norges Bank bought a new position in shares of NXP Semiconductors during the fourth quarter worth about $234,256,000. Viking Global Investors LP bought a new position in shares of NXP Semiconductors during the first quarter worth about $240,897,000. Cambiar Investors LLC bought a new position in shares of NXP Semiconductors during the fourth quarter worth about $168,740,000. Voya Investment Management LLC increased its holdings in NXP Semiconductors by 2,618.2% in the first quarter. Voya Investment Management LLC now owns 2,007,960 shares of the semiconductor provider’s stock worth $177,483,000 after purchasing an additional 1,934,089 shares in the last quarter. Finally, Southpoint Capital Advisors LP bought a new stake in NXP Semiconductors in the first quarter worth approximately $154,683,000. Institutional investors own 78.63% 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; 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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