NXP Semiconductors (NXPI) Research Coverage Started at Cowen

Cowen initiated coverage on shares of NXP Semiconductors (NASDAQ:NXPI) in a report issued on Friday. The brokerage set an “outperform” rating and a $111.00 price target on the semiconductor provider’s stock. Cowen’s target price suggests a potential upside of 18.10% from the stock’s current price.

A number of other equities research analysts have also weighed in on the stock. Deutsche Bank upgraded shares of NXP Semiconductors from a “hold” rating to a “buy” rating and decreased their price objective for the company from $127.50 to $107.00 in a report on Thursday, July 26th. ValuEngine lowered shares of NXP Semiconductors from a “sell” rating to a “strong sell” rating in a report on Thursday, July 26th. Zacks Investment Research lowered shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Tuesday, August 7th. Morgan Stanley decreased their price objective on shares of NXP Semiconductors from $127.50 to $105.00 and set an “equal weight” rating for the company in a report on Thursday, July 26th. Finally, Jefferies Financial Group upgraded shares of NXP Semiconductors from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a report on Friday, July 27th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. NXP Semiconductors currently has an average rating of “Hold” and a consensus target price of $109.88.

NXP Semiconductors stock opened at $93.99 on Friday. The stock has a market capitalization of $32.26 billion, a PE ratio of 13.09, a PEG ratio of 0.78 and a beta of 0.82. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.98 and a quick ratio of 2.26. NXP Semiconductors has a 12-month low of $86.67 and a 12-month high of $125.93.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Thursday, July 26th. The semiconductor provider reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.33). NXP Semiconductors had a net margin of 10.35% and a return on equity of 16.24%. The company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.36 billion. research analysts forecast that NXP Semiconductors will post 5.98 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. HRT Financial LLC purchased a new position in NXP Semiconductors during the 2nd quarter valued at about $898,000. Canyon Capital Advisors LLC increased its position in NXP Semiconductors by 144.9% during the 2nd quarter. Canyon Capital Advisors LLC now owns 784,630 shares of the semiconductor provider’s stock valued at $85,737,000 after purchasing an additional 464,290 shares during the period. Global X Management Co LLC increased its position in NXP Semiconductors by 17.1% during the 2nd quarter. Global X Management Co LLC now owns 30,571 shares of the semiconductor provider’s stock valued at $3,340,000 after purchasing an additional 4,475 shares during the period. California Public Employees Retirement System increased its position in NXP Semiconductors by 37.4% during the 2nd quarter. California Public Employees Retirement System now owns 1,011,175 shares of the semiconductor provider’s stock valued at $110,491,000 after purchasing an additional 275,355 shares during the period. Finally, Phocas Financial Corp. purchased a new position in NXP Semiconductors during the 2nd quarter valued at about $398,000. 83.58% of the stock is currently owned by institutional investors and hedge funds.

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; 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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