NXP Semiconductors N.V. (NXPI) Stock Rating Upgraded by Zacks Investment Research

NXP Semiconductors N.V. (NASDAQ:NXPI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.

According to Zacks, “NXP Semiconductors N.V. is a global semiconductor company. The Company designs and manufactures High Performance Mixed Signal semiconductor solutions to meet the requirements of systems and sub-systems in its target markets. High Performance Mixed Signal solutions are an optimized mix of analog and digital functionality integrated into a system or sub-system. The Company’s expertise is in RF, analog, power management, interface, security and digital processing products. NXP’s solutions are used in a wide range of automotive, identification, wireless infrastructure, lighting, industrial, mobile, consumer and computing applications. The Company claims to provide its customers improved power efficiency, functional performance, miniaturization, quality, durability and adaptability in their electronic systems and application solutions. NXP is based in Eindhoven, the Netherlands, with research and development activities in Asia, Europe and the United States, and manufacturing facilities in Asia and Europe. “

Several other research firms also recently issued reports on NXPI. BidaskClub upgraded NXP Semiconductors N.V. from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Morgan Stanley boosted their price objective on NXP Semiconductors N.V. from $110.00 to $117.50 and gave the company an “equal weight” rating in a report on Monday, August 7th. Stifel Nicolaus reiterated a “hold” rating and issued a $110.00 price objective on shares of NXP Semiconductors N.V. in a report on Tuesday, July 4th. ValuEngine upgraded NXP Semiconductors N.V. from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $110.00 price objective on shares of NXP Semiconductors N.V. in a report on Monday, July 10th. One investment analyst has rated the stock with a sell rating, nineteen have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. NXP Semiconductors N.V. currently has a consensus rating of “Hold” and an average target price of $109.83.

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Several large investors have recently added to or reduced their stakes in the company. Commonwealth Bank of Australia boosted its position in shares of NXP Semiconductors N.V. by 0.8% during the 2nd quarter. Commonwealth Bank of Australia now owns 1,665 shares of the semiconductor provider’s stock worth $181,000 after acquiring an additional 14 shares in the last quarter. ProVise Management Group LLC boosted its position in shares of NXP Semiconductors N.V. by 0.4% during the 2nd quarter. ProVise Management Group LLC now owns 3,759 shares of the semiconductor provider’s stock worth $412,000 after acquiring an additional 15 shares in the last quarter. Baldwin Investment Management LLC boosted its position in shares of NXP Semiconductors N.V. by 0.8% during the 2nd quarter. Baldwin Investment Management LLC now owns 4,751 shares of the semiconductor provider’s stock worth $520,000 after acquiring an additional 39 shares in the last quarter. TCI Wealth Advisors Inc. boosted its position in shares of NXP Semiconductors N.V. by 4.6% during the 2nd quarter. TCI Wealth Advisors Inc. now owns 1,192 shares of the semiconductor provider’s stock worth $130,000 after acquiring an additional 52 shares in the last quarter. Finally, Johnson Financial Group Inc. boosted its position in shares of NXP Semiconductors N.V. by 5.8% during the 2nd quarter. Johnson Financial Group Inc. now owns 1,938 shares of the semiconductor provider’s stock worth $212,000 after acquiring an additional 107 shares in the last quarter. 78.88% of the stock is owned by institutional investors and hedge funds.

About NXP Semiconductors N.V.

NXP Semiconductors N.V. (NXP) is a holding company. The Company operates as a semiconductor company. The Company provides high performance mixed signal and standard product solutions. The Company’s segments are High Performance Mixed Signal (HPMS), Standard Products (SP), and Corporate and Other. Its product solutions are used in a range of end-market applications, including automotive, personal security and identification, wireless and wireline infrastructure, mobile communications, multi-market industrial, consumer and computing.

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