NXP Semiconductors N.V. (NASDAQ:NXPI) - KeyCorp issued their Q3 2017 earnings estimates for NXP Semiconductors N.V. in a research report issued to clients and investors on Thursday. KeyCorp analyst J. Vinh expects that the semiconductor provider will earn $1.48 per share for the quarter. KeyCorp also issued estimates for NXP Semiconductors N.V.’s Q4 2017 earnings at $1.57 EPS.
A number of other research firms have also issued reports on NXPI. Morgan Stanley raised their target price on shares of NXP Semiconductors N.V. from $110.00 to $117.50 and gave the company an “equal weight” rating in a research note on Monday. Mizuho reiterated a “hold” rating and issued a $110.00 target price on shares of NXP Semiconductors N.V. in a research note on Thursday, August 3rd. Drexel Hamilton reiterated a “hold” rating and issued a $110.00 target price on shares of NXP Semiconductors N.V. in a research note on Thursday, August 3rd. BidaskClub upgraded shares of NXP Semiconductors N.V. from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $110.00 target price on shares of NXP Semiconductors N.V. in a research note on Friday, July 21st. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. NXP Semiconductors N.V. presently has a consensus rating of “Hold” and a consensus price target of $110.97.
NXP Semiconductors N.V. (NASDAQ NXPI) opened at 112.96 on Monday. The stock has a market capitalization of $28.44 billion, a PE ratio of 20.08 and a beta of 0.89. The firm has a 50-day moving average of $109.54 and a 200-day moving average of $105.36. NXP Semiconductors N.V. has a 52-week low of $80.13 and a 52-week high of $113.20.
Hedge funds have recently modified their holdings of the stock. BlackRock Inc. raised its stake in shares of NXP Semiconductors N.V. by 2,546.6% in the first quarter. BlackRock Inc. now owns 11,852,113 shares of the semiconductor provider’s stock valued at $1,226,696,000 after buying an additional 11,404,283 shares during the period. OZ Management LP raised its stake in shares of NXP Semiconductors N.V. by 55.6% in the first quarter. OZ Management LP now owns 4,297,878 shares of the semiconductor provider’s stock valued at $444,831,000 after buying an additional 1,535,998 shares during the period. FIL Ltd raised its stake in shares of NXP Semiconductors N.V. by 63.4% in the first quarter. FIL Ltd now owns 3,906,470 shares of the semiconductor provider’s stock valued at $404,320,000 after buying an additional 1,515,559 shares during the period. Renaissance Technologies LLC raised its stake in shares of NXP Semiconductors N.V. by 155.6% in the first quarter. Renaissance Technologies LLC now owns 2,661,288 shares of the semiconductor provider’s stock valued at $275,443,000 after buying an additional 1,620,200 shares during the period. Finally, Legal & General Group Plc raised its stake in shares of NXP Semiconductors N.V. by 21.4% in the second quarter. Legal & General Group Plc now owns 2,094,342 shares of the semiconductor provider’s stock valued at $229,225,000 after buying an additional 369,485 shares during the period. Institutional investors and hedge funds own 75.97% of the company’s stock.
About NXP Semiconductors N.V.
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.
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