NXP Semiconductors NV (NASDAQ:NXPI) Cut to Sell at Zacks Investment Research

NXP Semiconductors NV (NASDAQ:NXPI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday, October 4th.

According to Zacks, “NXP Semiconductors N.V. is a global semiconductor company. The Company designs and manufactures High Performance Mixed Signal semiconductor solutions to meet the requirements of systems and sub-systems in its target markets. High Performance Mixed Signal solutions are an optimized mix of analog and digital functionality integrated into a system or sub-system. The Company’s expertise is in RF, analog, power management, interface, security and digital processing products. NXP’s solutions are used in a wide range of automotive, identification, wireless infrastructure, lighting, industrial, mobile, consumer and computing applications. The Company claims to provide its customers improved power efficiency, functional performance, miniaturization, quality, durability and adaptability in their electronic systems and application solutions. NXP is based in Eindhoven, the Netherlands, with research and development activities in Asia, Europe and the United States, and manufacturing facilities in Asia and Europe. “

Several other brokerages have also recently issued reports on NXPI. Stifel Nicolaus reiterated a “hold” rating and set a $110.00 target price on shares of NXP Semiconductors NV in a report on Wednesday, October 4th. BidaskClub raised shares of NXP Semiconductors NV from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. ValuEngine lowered shares of NXP Semiconductors NV from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. KeyCorp reissued a “hold” rating on shares of NXP Semiconductors NV in a research report on Friday, September 8th. Finally, Morgan Stanley raised their price objective on shares of NXP Semiconductors NV from $110.00 to $117.50 and gave the stock an “equal weight” rating in a research note on Monday, August 7th. One analyst has rated the stock with a sell rating, nineteen have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $109.82.

Shares of NXP Semiconductors NV (NASDAQ NXPI) traded up 0.126% on Wednesday, reaching $115.085. 1,043,309 shares of the company were exchanged. The company has a market capitalization of $28.97 billion, a price-to-earnings ratio of 20.438 and a beta of 0.88. The company’s 50-day moving average is $113.13 and its 200-day moving average is $109.60. NXP Semiconductors NV has a 52 week low of $95.88 and a 52 week high of $115.68.

WARNING: “NXP Semiconductors NV (NASDAQ:NXPI) Cut to Sell at Zacks Investment Research” was first reported by BBNS and is the property of of BBNS. If you are accessing this piece on another site, it was stolen and reposted in violation of U.S. and international copyright and trademark law. The original version of this piece can be read at https://baseballnewssource.com/markets/nxp-semiconductors-n-v-nxpi-downgraded-by-zacks-investment-research/1699684.html.

Hedge funds and other institutional investors have recently modified their holdings of the business. NINE MASTS CAPITAL Ltd purchased a new stake in NXP Semiconductors NV in the second quarter valued at approximately $10,258,000. Proxima Capital Management LLC acquired a new position in NXP Semiconductors NV during the first quarter worth $2,588,000. Renaissance Group LLC grew its holdings in NXP Semiconductors NV by 2.8% during the second quarter. Renaissance Group LLC now owns 153,688 shares of the semiconductor provider’s stock worth $16,821,000 after acquiring an additional 4,129 shares during the period. Everett Capital Advisors UK LLP acquired a new position in NXP Semiconductors NV during the first quarter worth $16,301,000. Finally, Exane Asset Management acquired a new position in NXP Semiconductors NV during the second quarter worth $2,342,000. Institutional investors own 78.86% of the company’s stock.

NXP Semiconductors NV Company Profile

NXP Semiconductors N.V. (NXP) is a holding company. The Company operates as a semiconductor company. The Company provides high performance mixed signal and standard product solutions. The Company’s segments are High Performance Mixed Signal (HPMS), Standard Products (SP), and Corporate and Other. Its product solutions are used in a range of end-market applications, including automotive, personal security and identification, wireless and wireline infrastructure, mobile communications, multi-market industrial, consumer and computing.

Get a free copy of the Zacks research report on NXP Semiconductors NV (NXPI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for NXP Semiconductors NV (NASDAQ:NXPI)

Receive News & Ratings for NXP Semiconductors NV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NXP Semiconductors NV and related companies with our FREE daily email newsletter.

 


Latest News

Aaron Judge and Gary Sanchez Have Break Out Games
Aaron Judge and Gary Sanchez Have Break Out Games
Justin Turner Joining Postseason Legends
Justin Turner Joining Postseason Legends
PED Use Cost Alex Rodriguez Millions and His Reputation
PED Use Cost Alex Rodriguez Millions and His Reputation
Yankees to Send Masahiro Tanaka Against Astros in Game 1
Yankees to Send Masahiro Tanaka Against Astros in Game 1
Red Sox Waste Little Time in Firing John Farrell
Red Sox Waste Little Time in Firing John Farrell
Washington Nationals Sans Strasburg for Game 4 at Wrigley
Washington Nationals Sans Strasburg for Game 4 at Wrigley


Leave a Reply

 
© 2006-2017 BBNS.