NXP Semiconductors (NASDAQ:NXPI) Upgraded at Morgan Stanley

NXP Semiconductors (NASDAQ:NXPI) was upgraded by investment analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a report released on Wednesday,Briefing.com Automated Import reports. The brokerage presently has a $257.00 price target on the semiconductor provider’s stock, up from their prior price target of $231.00. Morgan Stanley’s price target would indicate a potential upside of 21.82% from the stock’s previous close.

NXPI has been the subject of a number of other reports. StockNews.com lowered NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th. Cantor Fitzgerald restated an “overweight” rating and set a $250.00 target price on shares of NXP Semiconductors in a report on Tuesday, February 4th. The Goldman Sachs Group upgraded NXP Semiconductors from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $260.00 to $257.00 in a report on Friday, January 10th. UBS Group reduced their target price on NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Finally, Susquehanna reduced their target price on NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Five research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $264.45.

NXP Semiconductors Price Performance

Shares of NXPI stock opened at $210.97 on Wednesday. The stock has a 50-day moving average price of $213.42 and a 200 day moving average price of $228.99. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. The firm has a market cap of $53.62 billion, a price-to-earnings ratio of 21.68, a PEG ratio of 2.64 and a beta of 1.46. NXP Semiconductors has a 12 month low of $198.21 and a 12 month high of $296.08.

Institutional Investors Weigh In On NXP Semiconductors

Several institutional investors have recently bought and sold shares of the company. Parametrica Management Ltd bought a new stake in NXP Semiconductors in the 4th quarter valued at approximately $243,000. Prestige Wealth Management Group LLC increased its position in shares of NXP Semiconductors by 22.0% during the 4th quarter. Prestige Wealth Management Group LLC now owns 493 shares of the semiconductor provider’s stock worth $103,000 after purchasing an additional 89 shares during the last quarter. EFG Asset Management North America Corp. increased its position in shares of NXP Semiconductors by 8.9% during the 4th quarter. EFG Asset Management North America Corp. now owns 9,000 shares of the semiconductor provider’s stock worth $1,871,000 after purchasing an additional 737 shares during the last quarter. Taikang Asset Management Hong Kong Co Ltd increased its position in shares of NXP Semiconductors by 128.5% during the 4th quarter. Taikang Asset Management Hong Kong Co Ltd now owns 34,500 shares of the semiconductor provider’s stock worth $7,171,000 after purchasing an additional 19,400 shares during the last quarter. Finally, Sound Shore Management Inc. CT increased its position in shares of NXP Semiconductors by 66.7% during the 4th quarter. Sound Shore Management Inc. CT now owns 433,328 shares of the semiconductor provider’s stock worth $90,067,000 after purchasing an additional 173,360 shares during the last quarter. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Company Profile

NXP Semiconductors N.V. offers various semiconductor products. The company's product portfolio includes microcontrollers; application processors, including i.MX application processors, and i.MX 8 and 9 family of applications processors; communication processors; wireless connectivity solutions, such as near field communications, ultra-wideband, Bluetooth low-energy, Zigbee, and Wi-Fi and Wi-Fi/Bluetooth integrated SoCs; analog and interface devices; radio frequency power amplifiers; and security controllers, as well as semiconductor-based environmental and inertial sensors, including pressure, inertial, magnetic, and gyroscopic sensors.