Todays Report: The Raymond James Financial Inc. Downgrades NXP Semiconductors NV (NXPI) to Market Perform

The Raymond James Financial Inc. Downgrades NXP Semiconductors NV (NXPI) to Market Perform

Raymond James Financial Inc. lowered shares of NXP Semiconductors NV (NASDAQ:NXPI) from an outperform rating to a market perform rating in a research note released on Sunday morning.

Several other analysts have also issued reports on NXPI. Summit Redstone reissued a buy rating and issued a $91.00 price target on shares of NXP Semiconductors NV in a research report on Wednesday, July 20th. Pacific Crest reaffirmed a buy rating and set a $105.00 target price on shares of NXP Semiconductors NV in a report on Wednesday, July 27th. Jefferies Group reissued a buy rating and issued a $130.00 price target on shares of NXP Semiconductors NV in a research note on Thursday, July 28th. JPMorgan Chase & Co. boosted their price target on shares of NXP Semiconductors NV from $97.00 to $98.00 and gave the stock a neutral rating in a research note on Friday, July 29th. Finally, Canaccord Genuity reissued a buy rating and issued a $120.00 price target on shares of NXP Semiconductors NV in a research note on Sunday, July 31st. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. NXP Semiconductors NV currently has an average rating of Buy and an average target price of $104.29.

NXP Semiconductors NV (NASDAQ:NXPI) opened at 99.78 on Friday. The company has a market cap of $25.12 billion, a P/E ratio of 49.35 and a beta of 1.63. NXP Semiconductors NV has a 1-year low of $61.61 and a 1-year high of $107.54. The stock’s 50 day moving average is $94.39 and its 200 day moving average is $87.75.

NXP Semiconductors NV (NASDAQ:NXPI) last posted its quarterly earnings results on Wednesday, October 26th. The semiconductor provider reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.34. NXP Semiconductors NV had a net margin of 7.53% and a return on equity of 11.38%. The company had revenue of $2.47 billion for the quarter, compared to analyst estimates of $3.08 million. During the same quarter in the previous year, the firm posted $1.57 earnings per share. The company’s quarterly revenue was up 62.2% compared to the same quarter last year. Equities analysts anticipate that NXP Semiconductors NV will post ($0.19) earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in NXPI. Synovus Financial Corp increased its position in NXP Semiconductors NV by 6,000.0% in the third quarter. Synovus Financial Corp now owns 1,220 shares of the semiconductor provider’s stock worth $124,000 after buying an additional 1,200 shares during the last quarter. MCF Advisors LLC increased its position in NXP Semiconductors NV by 542.2% in the second quarter. MCF Advisors LLC now owns 1,445 shares of the semiconductor provider’s stock worth $113,000 after buying an additional 1,220 shares during the last quarter. J.Safra Asset Management Corp acquired a new position in NXP Semiconductors NV during the second quarter worth about $114,000. Coconut Grove Bank increased its position in NXP Semiconductors NV by 5.7% in the second quarter. Coconut Grove Bank now owns 1,474 shares of the semiconductor provider’s stock worth $115,000 after buying an additional 80 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its position in NXP Semiconductors NV by 21.7% in the second quarter. Parkside Financial Bank & Trust now owns 1,650 shares of the semiconductor provider’s stock worth $129,000 after buying an additional 294 shares during the last quarter. 85.78% of the stock is currently owned by hedge funds and other institutional investors.

NXP Semiconductors NV Company Profile

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