Today: NXP Semiconductors NV (NXPI) Given a $110.00 Price Target by Sanford C. Bernstein Analysts

Today: NXP Semiconductors NV (NXPI) Given a $110.00 Price Target by Sanford C. Bernstein Analysts

NXP Semiconductors NV (NASDAQ:NXPI) received a $110.00 price target from equities researchers at Sanford C. Bernstein in a note issued to investors on Thursday. The firm presently has a a “buy” rating on the semiconductor provider’s stock. Sanford C. Bernstein’s target price suggests a potential upside of 8.48% from the company’s previous close.

Other equities research analysts have also issued reports about the company. Jefferies Group restated a “buy” rating and set a $130.00 price target on shares of NXP Semiconductors NV in a research report on Tuesday, June 28th. SunTrust Banks Inc. restated a “buy” rating on shares of NXP Semiconductors NV in a research report on Saturday, October 1st. Drexel Hamilton restated a “buy” rating on shares of NXP Semiconductors NV in a research report on Wednesday, June 15th. Bank of America Corp. lowered NXP Semiconductors NV from a “buy” rating to a “neutral” rating in a research report on Monday, June 27th. Finally, Deutsche Bank AG restated a “buy” rating and set a $110.00 price target on shares of NXP Semiconductors NV in a research report on Wednesday, June 15th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-six have given a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $106.79.

NXP Semiconductors NV (NASDAQ:NXPI) opened at 101.40 on Thursday. The firm has a market capitalization of $25.53 billion, a PE ratio of 32.86 and a beta of 1.63. The company has a 50 day moving average price of $90.81 and a 200-day moving average price of $86.40. NXP Semiconductors NV has a one year low of $61.61 and a one year high of $105.29.

NXP Semiconductors NV (NASDAQ:NXPI) last released its quarterly earnings results on Wednesday, July 27th. The semiconductor provider reported $1.39 EPS for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.04. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.35 billion. NXP Semiconductors NV had a return on equity of 14.34% and a net margin of 11.95%. NXP Semiconductors NV’s revenue for the quarter was up 57.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.44 EPS. On average, equities analysts predict that NXP Semiconductors NV will post $5.75 EPS for the current year.

Institutional investors have recently made changes to their positions in the stock. Arrowgrass Capital Partners US LP bought a new position in shares of NXP Semiconductors NV during the first quarter valued at $25,618,000. Strs Ohio increased its stake 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 stake 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 stake in shares of NXP Semiconductors NV during the first quarter valued at about $31,131,000. Finally, Trillium Asset Management LLC increased its stake 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 own 85.50% of the company’s stock.

NXP Semiconductors NV Company Profile

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