NXP Semiconductors (NASDAQ:NXPI) Given Average Rating of “Moderate Buy” by Brokerages

Shares of NXP Semiconductors (NASDAQ:NXPI) have received a consensus rating of “Moderate Buy” from the nineteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and sixteen have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $267.00.

NXPI has been the topic of a number of research analyst reports. Barclays lowered their price target on NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Citigroup upgraded shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and upped their price objective for the company from $210.00 to $290.00 in a research note on Thursday, February 20th. UBS Group dropped their price target on shares of NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Loop Capital initiated coverage on shares of NXP Semiconductors in a report on Monday, November 11th. They set a “buy” rating and a $300.00 price objective for the company. Finally, JPMorgan Chase & Co. reduced their price objective on shares of NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th.

NXP Semiconductors Price Performance

NXP Semiconductors stock opened at $211.16 on Friday. NXP Semiconductors has a 52-week low of $198.21 and a 52-week high of $296.08. The firm has a fifty day moving average of $215.99 and a 200-day moving average of $226.68. The firm has a market capitalization of $53.55 billion, a P/E ratio of 21.70, a PEG ratio of 3.01 and a beta of 1.46. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09.

Institutional Trading of NXP Semiconductors

A number of large investors have recently made changes to their positions in the company. Arkadios Wealth Advisors acquired a new stake in shares of NXP Semiconductors in the third quarter valued at approximately $203,000. J.W. Cole Advisors Inc. acquired a new stake in shares of NXP Semiconductors in the third quarter valued at approximately $224,000. MONECO Advisors LLC boosted its holdings in shares of NXP Semiconductors by 9.8% in the third quarter. MONECO Advisors LLC now owns 1,110 shares of the semiconductor provider’s stock valued at $266,000 after acquiring an additional 99 shares during the period. First Trust Direct Indexing L.P. boosted its holdings in shares of NXP Semiconductors by 7.9% in the third quarter. First Trust Direct Indexing L.P. now owns 7,131 shares of the semiconductor provider’s stock valued at $1,712,000 after acquiring an additional 521 shares during the period. Finally, Pinnacle Associates Ltd. boosted its holdings in shares of NXP Semiconductors by 4.0% in the third quarter. Pinnacle Associates Ltd. now owns 49,478 shares of the semiconductor provider’s stock valued at $11,364,000 after acquiring an additional 1,918 shares during the period. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

NXP Semiconductors Company Profile

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.