NXP Semiconductors (NXPI) Shares Gap Up to $111.02

NXP Semiconductors (NASDAQ:NXPI)’s share price gapped up prior to trading on Monday . The stock had previously closed at $107.84, but opened at $111.02. NXP Semiconductors shares last traded at $114.65, with a volume of 9539819 shares changing hands.

Several equities analysts recently issued reports on the company. BidaskClub upgraded NXP Semiconductors from a “sell” rating to a “hold” rating in a research report on Wednesday, February 21st. Robert W. Baird reiterated a “hold” rating on shares of NXP Semiconductors in a research report on Friday, February 23rd. Jefferies Group reiterated a “hold” rating on shares of NXP Semiconductors in a research report on Tuesday, February 27th. ValuEngine upgraded NXP Semiconductors from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Finally, Deutsche Bank began coverage on NXP Semiconductors in a research report on Thursday, March 15th. They set a “hold” rating and a $127.50 target price on the stock. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $120.42.

The company has a debt-to-equity ratio of 0.38, a current ratio of 2.07 and a quick ratio of 1.68. The stock has a market capitalization of $39.40 billion, a PE ratio of 15.68, a P/E/G ratio of 0.96 and a beta of 0.81.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Aries Wealth Management acquired a new stake in shares of NXP Semiconductors in the 4th quarter worth approximately $301,000. Commerzbank Aktiengesellschaft FI grew its holdings in shares of NXP Semiconductors by 2.2% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 35,597 shares of the semiconductor provider’s stock worth $4,168,000 after acquiring an additional 778 shares during the period. State of Alaska Department of Revenue acquired a new stake in shares of NXP Semiconductors in the 4th quarter worth approximately $3,605,000. BNP Paribas Arbitrage SA grew its holdings in shares of NXP Semiconductors by 1.4% in the 4th quarter. BNP Paribas Arbitrage SA now owns 324,905 shares of the semiconductor provider’s stock worth $38,043,000 after acquiring an additional 4,632 shares during the period. Finally, Allianz Asset Management GmbH grew its holdings in shares of NXP Semiconductors by 1.0% in the 4th quarter. Allianz Asset Management GmbH now owns 271,543 shares of the semiconductor provider’s stock worth $31,795,000 after acquiring an additional 2,755 shares during the period. Institutional investors and hedge funds own 80.77% of the company’s stock.

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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