Morgan Stanley Upgrades NXP Semiconductors (NASDAQ:NXPI) to Overweight

NXP Semiconductors (NASDAQ:NXPI) was upgraded by investment analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research report issued to clients and investors on Wednesday, Marketbeat reports. The firm presently has a $257.00 price objective on the semiconductor provider’s stock, up from their previous price objective of $231.00. Morgan Stanley’s target price points to a potential upside of 17.04% from the company’s current price.

NXPI has been the topic of several other reports. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $250.00 price target on shares of NXP Semiconductors in a report on Tuesday, February 4th. Mizuho set a $290.00 price target on shares of NXP Semiconductors in a report on Friday, October 18th. StockNews.com cut shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Wednesday, January 29th. Needham & Company LLC cut their price target on shares of NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. Finally, Evercore ISI cut their price target on shares of NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Five equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $264.45.

NXP Semiconductors Trading Down 0.1 %

NXPI opened at $219.59 on Wednesday. The stock has a market capitalization of $55.81 billion, a PE ratio of 22.57, a P/E/G ratio of 2.64 and a beta of 1.46. The firm’s fifty day moving average price is $213.00 and its 200 day moving average price is $228.62. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. NXP Semiconductors has a 12-month low of $198.21 and a 12-month high of $296.08.

Hedge Funds Weigh In On NXP Semiconductors

Several institutional investors have recently modified their holdings of NXPI. CANADA LIFE ASSURANCE Co increased its stake in NXP Semiconductors by 8.3% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 313,071 shares of the semiconductor provider’s stock valued at $65,051,000 after buying an additional 23,996 shares during the period. Marshall Wace LLP increased its stake in NXP Semiconductors by 8,930.8% during the 4th quarter. Marshall Wace LLP now owns 117,400 shares of the semiconductor provider’s stock valued at $24,402,000 after buying an additional 116,100 shares during the period. Ceredex Value Advisors LLC increased its stake in NXP Semiconductors by 14.4% during the 4th quarter. Ceredex Value Advisors LLC now owns 403,398 shares of the semiconductor provider’s stock valued at $83,846,000 after buying an additional 50,845 shares during the period. Ontario Teachers Pension Plan Board increased its stake in NXP Semiconductors by 13.3% during the 4th quarter. Ontario Teachers Pension Plan Board now owns 2,707 shares of the semiconductor provider’s stock valued at $563,000 after buying an additional 318 shares during the period. Finally, Aware Super Pty Ltd as trustee of Aware Super acquired a new position in NXP Semiconductors during the 4th quarter valued at about $915,000. Institutional investors own 90.54% of the company’s stock.

About NXP Semiconductors

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.