Trading Report: The NXP Semiconductors NV (NXPI) Upgraded by Vetr Inc. to Strong-Buy

The NXP Semiconductors NV (NXPI) Upgraded by Vetr Inc. to Strong-Buy

Vetr upgraded shares of NXP Semiconductors NV (NASDAQ:NXPI) from a buy rating to a strong-buy rating in a research report released on Wednesday.

Several other analysts also recently weighed in on the stock. Nomura reaffirmed a buy rating and issued a $120.00 target price (up previously from $95.00) on shares of NXP Semiconductors NV in a report on Wednesday, October 5th. SunTrust Banks Inc. reaffirmed a buy rating on shares of NXP Semiconductors NV in a report on Saturday, October 1st. Deutsche Bank AG reiterated a buy rating and issued a $110.00 price objective on shares of NXP Semiconductors NV in a research note on Friday, September 30th. Jefferies Group reiterated a buy rating and issued a $130.00 price objective (up previously from $96.12) on shares of NXP Semiconductors NV in a research note on Friday, September 30th. Finally, AlphaValue cut shares of NXP Semiconductors NV to a buy rating in a research note on Friday, September 30th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-six have given a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $106.79.

Shares of NXP Semiconductors NV (NASDAQ:NXPI) traded down 1.50% during mid-day trading on Wednesday, reaching $101.20. 935,019 shares of the company traded hands. The stock’s 50-day moving average is $90.01 and its 200-day moving average is $86.15. The company has a market capitalization of $25.48 billion, a P/E ratio of 32.79 and a beta of 1.63. NXP Semiconductors NV has a 52 week low of $61.61 and a 52 week high of $105.29.

NXP Semiconductors NV (NASDAQ:NXPI) last issued its earnings results on Wednesday, July 27th. The semiconductor provider reported $1.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.04. The business had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.35 billion. NXP Semiconductors NV had a net margin of 11.95% and a return on equity of 14.34%. The business’s quarterly revenue was up 57.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.44 earnings per share. On average, equities analysts predict that NXP Semiconductors NV will post $5.75 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in NXPI. Arrowgrass Capital Partners US LP purchased a new position in shares of NXP Semiconductors NV during the first quarter valued at $25,618,000. Strs Ohio increased its position in shares of NXP Semiconductors NV by 36.2% in the second quarter. Strs Ohio now owns 342,348 shares of the semiconductor provider’s stock valued at $26,819,000 after buying an additional 90,900 shares during the period. Calamos Advisors LLC increased its position in shares of NXP Semiconductors NV by 685.1% in the second quarter. Calamos Advisors LLC now owns 416,080 shares of the semiconductor provider’s stock valued at $32,596,000 after buying an additional 363,080 shares during the period. Jericho Capital Asset Management L.P. purchased a new position in shares of NXP Semiconductors NV during the first quarter valued at $31,131,000. Finally, Trillium Asset Management LLC increased its position in shares of NXP Semiconductors NV by 1.1% in the second quarter. Trillium Asset Management LLC now owns 286,463 shares of the semiconductor provider’s stock valued at $22,442,000 after buying an additional 3,114 shares during the period. Institutional investors and hedge funds own 85.50% of the company’s stock.

About NXP Semiconductors NV

NXP Semiconductors N.V. (NXP) is a holding company. The Company operates as a semiconductor company and a long-standing supplier. The Company provides high performance mixed signal and standard product solutions. The Company’s segments include High Performance Mixed Signal (HPMS), Standard Products (SP), and Corporate and Other.

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