THE ZACKS INVESTMENT RESEARCH DOWNGRADES NXP SEMICONDUCTORS N.V. (NXPI) TO HOLD

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. “

Zacks Investment Research downgraded shares of NXP Semiconductors N.V. (NASDAQ:NXPI) from a buy rating to a hold rating in a research note issued to investors on Wednesday, May 10th.

NXPI has been the topic of several other reports. Needham & Company LLC reissued a strong-buy rating and set a $110.00 price target on shares of NXP Semiconductors N.V. in a research report on Monday, January 30th. Vetr lowered NXP Semiconductors N.V. from a buy rating to a hold rating and set a $104.99 price target on the stock. in a research report on Tuesday, February 7th. Canaccord Genuity reaffirmed a hold rating and issued a $110.00 target price on shares of NXP Semiconductors N.V. in a research report on Tuesday, January 31st. Oppenheimer Holdings, Inc. reaffirmed a market perform rating on shares of NXP Semiconductors N.V. in a research report on Tuesday, February 7th. Finally, Instinet lowered NXP Semiconductors N.V. from a buy rating to a neutral rating and set a $110.00 target price on the stock. in a research report on Monday, May 8th. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. NXP Semiconductors N.V. currently has an average rating of Hold and an average price target of $109.61. NXP Semiconductors N.V. (NASDAQ:NXPI) opened at 109.27 on Wednesday. The company has a 50-day moving average of $107.63 and a 200 day moving average of $102.61. NXP Semiconductors N.V. has a 1-year low of $73.62 and a 1-year high of $109.90. The stock has a market cap of $27.51 billion, a P/E ratio of 20.00 and a beta of 0.92.

NXPI has been the topic of several other reports. Needham & Company LLC reissued a strong-buy rating and set a $110.00 price target on shares of NXP Semiconductors N.V. in a research report on Monday, January 30th. Vetr lowered NXP Semiconductors N.V. from a buy rating to a hold rating and set a $104.99 price target on the stock. in a research report on Tuesday, February 7th. Canaccord Genuity reaffirmed a hold rating and issued a $110.00 target price on shares of NXP Semiconductors N.V. in a research report on Tuesday, January 31st. Oppenheimer Holdings, Inc. reaffirmed a market perform rating on shares of NXP Semiconductors N.V. in a research report on Tuesday, February 7th. Finally, Instinet lowered NXP Semiconductors N.V. from a buy rating to a neutral rating and set a $110.00 target price on the stock. in a research report on Monday, May 8th. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. NXP Semiconductors N.V. currently has an average rating of Hold and an average price target of $109.61. Several hedge funds have recently made changes to their positions in the stock. Elliott Management Corp purchased a new stake in shares of NXP Semiconductors N.V. during the fourth quarter valued at $88,923,000. AMP Capital Investors Ltd raised its stake in shares of NXP Semiconductors N.V. by 9.8% in the third quarter. AMP Capital Investors Ltd now owns 105,687 shares of the semiconductor provider’s stock valued at $10,158,000 after buying an additional 9,407 shares during the period. Aberdeen Asset Management PLC UK raised its stake in shares of NXP Semiconductors N.V. by 0.5% in the first quarter. Aberdeen Asset Management PLC UK now owns 993,311 shares of the semiconductor provider’s stock valued at $102,808,000 after buying an additional 4,467 shares during the period. Advisors Asset Management Inc. raised its stake in shares of NXP Semiconductors N.V. by 22.3% in the third quarter. Advisors Asset Management Inc. now owns 41,113 shares of the semiconductor provider’s stock valued at $4,194,000 after buying an additional 7,484 shares during the period. Finally, Eton Park Capital Management L.P. purchased a new stake in shares of NXP Semiconductors N.V. during the fourth quarter valued at $330,419,000. Institutional investors and hedge funds own 77.02% of the company’s stock.

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