Jefferies Group LLC Reiterates “$110.00” Price Target for NXP Semiconductors N.V. (NASDAQ:NXPI)

NXP Semiconductors N.V. (NASDAQ:NXPI) has been given a $110.00 target price by equities research analysts at Jefferies Group LLC in a research note issued to investors on Thursday, October 19th. The firm currently has a “hold” rating on the semiconductor provider’s stock. Jefferies Group LLC’s price target indicates a potential downside of 5.76% from the stock’s current price.

NXPI has been the subject of a number of other research reports. Zacks Investment Research raised NXP Semiconductors N.V. from a “sell” rating to a “hold” rating in a research report on Tuesday, October 10th. Mizuho reissued a “hold” rating and set a $110.00 price objective on shares of NXP Semiconductors N.V. in a research report on Wednesday, October 4th. KeyCorp reaffirmed a “hold” rating on shares of NXP Semiconductors N.V. in a research report on Friday, September 8th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $110.00 price target on shares of NXP Semiconductors N.V. in a research report on Tuesday, July 4th. Finally, Drexel Hamilton reaffirmed a “hold” rating and issued a $110.00 price target on shares of NXP Semiconductors N.V. in a research report on Thursday, August 3rd. Seventeen investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $112.57.

Shares of NXP Semiconductors N.V. (NXPI) opened at $116.72 on Thursday. The stock has a market capitalization of $40,330.00, a price-to-earnings ratio of 20.18, a P/E/G ratio of 1.00 and a beta of 0.85. NXP Semiconductors N.V. has a 12-month low of $95.88 and a 12-month high of $118.20. The company has a current ratio of 2.04, a quick ratio of 1.59 and a debt-to-equity ratio of 0.45.

A number of institutional investors and hedge funds have recently modified their holdings of NXPI. Prudential Financial Inc. increased its stake in NXP Semiconductors N.V. by 2.3% during the first quarter. Prudential Financial Inc. now owns 28,863 shares of the semiconductor provider’s stock valued at $2,987,000 after acquiring an additional 648 shares during the period. Putnam FL Investment Management Co. increased its stake in NXP Semiconductors N.V. by 13.0% during the first quarter. Putnam FL Investment Management Co. now owns 16,032 shares of the semiconductor provider’s stock valued at $1,659,000 after acquiring an additional 1,850 shares during the period. Bailard Inc. increased its stake in NXP Semiconductors N.V. by 23.2% during the first quarter. Bailard Inc. now owns 64,985 shares of the semiconductor provider’s stock valued at $6,726,000 after acquiring an additional 12,228 shares during the period. MARSHALL WACE ASIA Ltd bought a new position in NXP Semiconductors N.V. during the first quarter valued at about $12,124,000. Finally, Marshall Wace North America L.P. bought a new position in NXP Semiconductors N.V. during the first quarter valued at about $12,124,000. Hedge funds and other institutional investors own 78.49% of the company’s stock.

NXP Semiconductors N.V. 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.