NXP Semiconductors (NASDAQ:NXPI) saw unusually-strong trading volume on Monday . Approximately 23,163,579 shares changed hands during mid-day trading, an increase of 344% from the previous session’s volume of 5,213,280 shares.The stock last traded at $110.74 and had previously closed at $110.74.
Several research analysts recently weighed in on NXPI shares. ValuEngine upgraded NXP Semiconductors from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. SunTrust Banks upgraded NXP Semiconductors from a “hold” rating to a “buy” rating in a research report on Friday, April 27th. Drexel Hamilton upgraded NXP Semiconductors from a “hold” rating to a “buy” rating and increased their price objective for the stock from $110.00 to $127.50 in a research report on Thursday, May 3rd. Morgan Stanley started coverage on NXP Semiconductors in a research report on Monday, March 19th. They issued an “equal weight” rating and a $127.50 price objective for the company. Finally, Zacks Investment Research upgraded NXP Semiconductors from a “sell” rating to a “hold” rating in a research report on Thursday, February 1st. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. NXP Semiconductors has a consensus rating of “Hold” and an average price target of $120.42.
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The company has a quick ratio of 1.68, a current ratio of 2.07 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $34.02 billion, a P/E ratio of 15.42, a price-to-earnings-growth ratio of 0.83 and a beta of 0.81.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Synovus Financial Corp acquired a new stake in shares of NXP Semiconductors in the first quarter valued at $101,000. MCF Advisors LLC acquired a new stake in shares of NXP Semiconductors in the first quarter valued at $137,000. Valeo Financial Advisors LLC raised its stake in shares of NXP Semiconductors by 931.3% in the fourth quarter. Valeo Financial Advisors LLC now owns 1,320 shares of the semiconductor provider’s stock valued at $155,000 after acquiring an additional 1,192 shares in the last quarter. SeaCrest Wealth Management LLC acquired a new stake in shares of NXP Semiconductors in the fourth quarter valued at $209,000. Finally, Shikiar Asset Management Inc. acquired a new stake in shares of NXP Semiconductors in the fourth quarter valued at $211,000. Institutional investors and hedge funds own 83.22% 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.