NXP Semiconductors (NASDAQ:NXPI) Upgraded at Arete Research

NXP Semiconductors (NASDAQ:NXPI) was upgraded by analysts at Arete Research to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

Several other equities analysts have also issued reports on NXPI. Stifel Nicolaus decreased their target price on NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating on the stock in a research note on Wednesday, February 5th. Citigroup raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and raised their price target for the company from $210.00 to $290.00 in a research report on Thursday, February 20th. Barclays cut their price objective on NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Morgan Stanley upgraded NXP Semiconductors from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $231.00 to $257.00 in a report on Wednesday, February 12th. Finally, Mizuho lifted their price objective on NXP Semiconductors from $240.00 to $255.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Four investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $267.00.

NXP Semiconductors Stock Down 2.8 %

NXP Semiconductors stock opened at $200.06 on Tuesday. The company has a market capitalization of $50.74 billion, a PE ratio of 20.56, a price-to-earnings-growth ratio of 3.01 and a beta of 1.47. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36. NXP Semiconductors has a fifty-two week low of $196.95 and a fifty-two week high of $296.08. The firm has a 50 day moving average price of $215.18 and a 200 day moving average price of $222.30.

Insiders Place Their Bets

In other news, COO Andrew Micallef sold 1,000 shares of the company’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $204.86, for a total transaction of $204,860.00. Following the transaction, the chief operating officer now directly owns 8,828 shares of the company’s stock, valued at $1,808,504.08. This represents a 10.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.11% of the stock is currently owned by insiders.

Institutional Investors Weigh In On NXP Semiconductors

Several institutional investors have recently modified their holdings of the company. ORG Wealth Partners LLC raised its stake in shares of NXP Semiconductors by 915.4% during the 4th quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock worth $27,000 after buying an additional 119 shares during the last quarter. Sound Income Strategies LLC raised its position in NXP Semiconductors by 169.2% during the fourth quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock worth $29,000 after acquiring an additional 88 shares during the last quarter. Smithfield Trust Co purchased a new position in shares of NXP Semiconductors during the 4th quarter worth approximately $32,000. Runnymede Capital Advisors Inc. acquired a new position in shares of NXP Semiconductors during the 4th quarter worth approximately $32,000. Finally, FSA Wealth Management LLC purchased a new stake in NXP Semiconductors in the 3rd quarter valued at approximately $33,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

About NXP Semiconductors

NXP Semiconductors N.V. offers various semiconductor products. The company's product portfolio includes microcontrollers; application processors, including i.MX application processors, and i.MX 8 and 9 family of applications processors; communication processors; wireless connectivity solutions, such as near field communications, ultra-wideband, Bluetooth low-energy, Zigbee, and Wi-Fi and Wi-Fi/Bluetooth integrated SoCs; analog and interface devices; radio frequency power amplifiers; and security controllers, as well as semiconductor-based environmental and inertial sensors, including pressure, inertial, magnetic, and gyroscopic sensors.