NXP Semiconductors (NASDAQ:NXPI) had its price objective hosited by JPMorgan Chase & Co. from $37.00 to $42.00 in a report released on Friday, American Banking and Market News reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.
JPMorgan Chase & Co. has also updated their ratings on a number of other stocks in the last week. The firm downgraded shares of Boardwalk Pipeline Partners from a neutral rating to an underweight rating. Also, JPMorgan Chase & Co. downgraded shares of Credit Suisse from an overweight rating to a neutral rating. Finally, JPMorgan Chase & Co. lowered its price target on shares of Altera Co. from $34.00 to $32.00. They have a neutral rating on that stock.
A number of other analysts have also recently weighed in on NXPI. Analysts at Credit Suisse raised their price target on shares of NXP Semiconductors from $40.00 to $60.00 in a research note to investors on Friday. They now have an outperform rating on the stock. Separately, analysts at Barclays raised their price target on shares of NXP Semiconductors from $41.00 to $48.00 in a research note to investors on Friday. They now have an overweight rating on the stock. Finally, analysts at Jefferies Group raised their EPS on shares of NXP Semiconductors in a research note to investors on Friday. They now have a buy rating and a $50.00 price target on the stock. They previously had a $42.00 price target on the stock. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. NXP Semiconductors currently has an average rating of Buy and a consensus target price of $46.14.
Shares of NXP Semiconductors (NASDAQ:NXPI) traded up 2.32% on Friday, hitting $41.97. The stock had a trading volume of 5,723,326 shares. NXP Semiconductors has a 52 week low of $20.57 and a 52 week high of $38.08. The stock has a 50-day moving average of $36.1 and a 200-day moving average of $31.6. The company has a market cap of $10.442 billion and a P/E ratio of 75.82.
NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Thursday, October 24th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.04. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.26 billion. Analysts expect that NXP Semiconductors will post $3.06 EPS for the current fiscal year.
NXP Semiconductors N.V. (NASDAQ:NXPI) is a global semiconductor company and a supplier.
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