NXP Semiconductors (NXPI) Received “Purchase” Rating from Credit Suisse Group

NXP Semiconductors (NXPI) Received “Purchase” Rating from Credit Suisse Group

Credit Suisse Group restated their buy rating on shares of NXP Semiconductors (NASDAQ:NXPI) in a research report sent to investors on Monday morning. The firm currently has a $125.00 target price on the semiconductor provider’s stock.

NXPI has been the topic of a number of other reports. Barclays raised shares of NXP Semiconductors from an equal weight rating to an overweight rating and cut their price target for the stock from $105.00 to $95.00 in a report on Tuesday, October 23rd. Stifel Nicolaus reissued a sell rating on shares of NXP Semiconductors in a report on Thursday, November 1st. Morgan Stanley cut their price target on shares of NXP Semiconductors from $105.00 to $100.00 and set an equal weight rating on the stock in a report on Wednesday, October 3rd. Bank of America raised shares of NXP Semiconductors from a neutral rating to a buy rating and boosted their price target for the stock from $110.00 to $120.00 in a report on Monday, September 17th. Finally, Citigroup cut their price target on shares of NXP Semiconductors from $94.00 to $88.00 and set a hold rating on the stock in a report on Friday, November 2nd. Three analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $102.64.

NASDAQ NXPI opened at $82.05 on Monday. NXP Semiconductors has a 1 year low of $69.72 and a 1 year high of $125.93. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.22 and a quick ratio of 0.87. The firm has a market capitalization of $28.12 billion, a PE ratio of 11.43, a PEG ratio of 1.07 and a beta of 0.93.

NXP Semiconductors (NASDAQ:NXPI) last posted its earnings results on Wednesday, October 31st. The semiconductor provider reported $1.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.68 by $0.13. The firm had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.43 billion. NXP Semiconductors had a net margin of 28.38% and a return on equity of 18.08%. Analysts forecast that NXP Semiconductors will post 6.15 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 7th. Shareholders of record on Friday, December 14th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend is Thursday, December 13th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 11.84%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NXPI. Sterling Capital Management LLC lifted its holdings in shares of NXP Semiconductors by 3.9% in the second quarter. Sterling Capital Management LLC now owns 16,060 shares of the semiconductor provider’s stock worth $1,755,000 after buying an additional 600 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of NXP Semiconductors by 1.5% in the third quarter. State of Alaska Department of Revenue now owns 43,432 shares of the semiconductor provider’s stock worth $3,712,000 after buying an additional 622 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in shares of NXP Semiconductors by 1.5% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 41,464 shares of the semiconductor provider’s stock worth $4,531,000 after buying an additional 629 shares in the last quarter. Gamco Investors INC. ET AL lifted its holdings in shares of NXP Semiconductors by 0.9% in the third quarter. Gamco Investors INC. ET AL now owns 67,280 shares of the semiconductor provider’s stock worth $5,752,000 after buying an additional 630 shares in the last quarter. Finally, Stratos Wealth Partners LTD. lifted its holdings in shares of NXP Semiconductors by 34.0% in the third quarter. Stratos Wealth Partners LTD. now owns 2,569 shares of the semiconductor provider’s stock worth $220,000 after buying an additional 652 shares in the last quarter. 75.58% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Company Profile

NXP Semiconductors N.V., a semiconductor company, provides high performance mixed signal solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. The company offers products for audio and visual head-end unit applications, such as single-chip radio solutions, multi-standard radios, audio amplifiers and power analog products, and i.MX applications processors; in-vehicle networking products; two-way secure entry products; various sensors and microcontrollers; power management solutions; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.

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