NXP Semiconductors (NXPI) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of NXP Semiconductors (NASDAQ:NXPI) from a hold rating to a buy rating in a research note released on Saturday morning. They currently have $131.00 target price on the semiconductor provider’s stock.

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. “

A number of other analysts have also recently commented on the company. BidaskClub raised NXP Semiconductors from a sell rating to a hold rating in a research report on Tuesday, December 12th. Robert W. Baird reissued a hold rating and issued a $110.00 price target on shares of NXP Semiconductors in a research report on Friday, October 27th. Jefferies Group set a $115.00 price target on NXP Semiconductors and gave the stock a hold rating in a research report on Thursday, October 26th. Sanford C. Bernstein cut NXP Semiconductors from an outperform rating to a market perform rating and set a $125.00 price target on the stock. in a research report on Thursday, October 26th. Finally, Mizuho reissued a hold rating and issued a $110.00 price target on shares of NXP Semiconductors in a research report on Wednesday, October 4th. Eighteen equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $113.11.

Shares of NXP Semiconductors (NXPI) opened at $116.57 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.04 and a quick ratio of 1.59. NXP Semiconductors has a 12-month low of $96.00 and a 12-month high of $118.20. The company has a market capitalization of $39,564.68, a P/E ratio of 25.29, a PEG ratio of 1.01 and a beta of 0.82.

A number of hedge funds and other institutional investors have recently made changes to their positions in NXPI. Fieldpoint Private Securities LLC purchased a new stake in NXP Semiconductors during the 3rd quarter valued at $113,000. TT International raised its stake in NXP Semiconductors by 22.6% during the 3rd quarter. TT International now owns 149,423 shares of the semiconductor provider’s stock valued at $16,898,000 after buying an additional 27,500 shares during the last quarter. Neuberger Berman Group LLC raised its stake in NXP Semiconductors by 11.6% during the 3rd quarter. Neuberger Berman Group LLC now owns 1,025,916 shares of the semiconductor provider’s stock valued at $116,021,000 after buying an additional 106,897 shares during the last quarter. Piedmont Investment Advisors LLC raised its stake in NXP Semiconductors by 3.7% during the 3rd quarter. Piedmont Investment Advisors LLC now owns 72,813 shares of the semiconductor provider’s stock valued at $8,234,000 after buying an additional 2,565 shares during the last quarter. Finally, California Public Employees Retirement System raised its stake in NXP Semiconductors by 14.6% during the 3rd quarter. California Public Employees Retirement System now owns 706,188 shares of the semiconductor provider’s stock valued at $79,863,000 after buying an additional 89,927 shares during the last quarter. Institutional investors own 82.24% of the company’s stock.

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About NXP Semiconductors

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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