NXP Semiconductors (NXPI) Receives “Buy” Rating from Credit Suisse Group

NXP Semiconductors (NASDAQ:NXPI)‘s stock had its “buy” rating restated by equities research analysts at Credit Suisse Group in a research report issued to clients and investors on Monday. They currently have a $125.00 price objective on the semiconductor provider’s stock. Credit Suisse Group’s target price would indicate a potential upside of 45.91% from the stock’s current price.

Several other research analysts also recently issued reports on the stock. BMO Capital Markets raised their price objective on shares of NXP Semiconductors from $70.00 to $75.00 and gave the stock a “market perform” rating in a research report on Friday, November 2nd. Citigroup lowered their price objective on shares of NXP Semiconductors from $94.00 to $88.00 and set a “hold” rating on the stock in a research report on Friday, November 2nd. SunTrust Banks raised their price objective on shares of NXP Semiconductors to $99.00 and gave the stock a “buy” rating in a research report on Friday, November 2nd. They noted that the move was a valuation call. Cowen lowered their price objective on shares of NXP Semiconductors from $114.00 to $110.00 and set an “outperform” rating on the stock in a research report on Friday, November 2nd. Finally, Stifel Nicolaus reissued a “sell” rating on shares of NXP Semiconductors in a research report on Thursday, November 1st. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company’s stock. NXP Semiconductors has an average rating of “Hold” and a consensus price target of $103.38.

Shares of NASDAQ NXPI traded up $2.30 during mid-day trading on Monday, reaching $85.67. The company had a trading volume of 6,117,282 shares, compared to its average volume of 6,437,066. NXP Semiconductors has a 52-week low of $69.72 and a 52-week high of $125.93. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.22 and a quick ratio of 0.87. The company has a market capitalization of $28.65 billion, a price-to-earnings ratio of 11.93, a price-to-earnings-growth ratio of 1.09 and a beta of 0.92.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Wednesday, October 31st. The semiconductor provider reported $1.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.68 by $0.13. NXP Semiconductors had a net margin of 28.38% and a return on equity of 18.08%. The company had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.43 billion. As a group, sell-side analysts forecast that NXP Semiconductors will post 6.15 earnings per share for the current year.

Several large investors have recently modified their holdings of NXPI. Patten Group Inc. boosted its holdings in shares of NXP Semiconductors by 490.0% in the third quarter. Patten Group Inc. now owns 1,180 shares of the semiconductor provider’s stock valued at $101,000 after acquiring an additional 980 shares in the last quarter. First Quadrant L P CA acquired a new stake in shares of NXP Semiconductors in the third quarter valued at about $108,000. FTB Advisors Inc. acquired a new stake in shares of NXP Semiconductors in the third quarter valued at about $111,000. Signaturefd LLC lifted its stake in shares of NXP Semiconductors by 299.2% in the second quarter. Signaturefd LLC now owns 1,062 shares of the semiconductor provider’s stock valued at $116,000 after purchasing an additional 796 shares during the period. Finally, Willingdon Wealth Management acquired a new stake in shares of NXP Semiconductors in the third quarter valued at about $121,000. 75.58% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Company Profile

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; 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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