The Oppenheimer Holdings Inc. Reaffirms “Market Perform” Rating for NXP Semiconductors N.V. (NXPI), Report finds

Other analysts have also recently issued research reports about the company. Needham & Company LLC lowered their price target on NXP Semiconductors N.V. from $110.00 to $47.00 in a report on Friday, October 28th. Vetr cut NXP Semiconductors N.V. from a strong-buy rating to a buy rating and set a $115.89 price target on the stock. in a report on Thursday, October 20th. Canaccord Genuity reaffirmed a buy rating and issued a $120.00 price target on shares of NXP Semiconductors N.V. in a report on Saturday, October 15th. Sanford C. Bernstein set a $110.00 price target on NXP Semiconductors N.V. and gave the company a buy rating in a report on Thursday, October 13th. Finally, Mizuho reduced their price objective on NXP Semiconductors N.V. from $120.00 to $110.00 and set a buy rating on the stock in a research report on Thursday, October 27th. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of Hold and an average price target of $107.96.

Oppenheimer Holdings Inc. reaffirmed their market perform rating on shares of NXP Semiconductors N.V. (NASDAQ:NXPI) in a report published on Tuesday.

NXP Semiconductors N.V. (NASDAQ:NXPI) opened at 101.99 on Tuesday. The company’s market cap is $25.68 billion. NXP Semiconductors N.V. has a 12 month low of $66.03 and a 12 month high of $107.54. The company has a 50 day moving average price of $98.55 and a 200-day moving average price of $94.67.

Several hedge funds have recently bought and sold shares of the company. First Citizens Bank & Trust Co. acquired a new stake in NXP Semiconductors N.V. during the second quarter worth approximately $1,354,000. Concert Wealth Management Inc. raised its stake in NXP Semiconductors N.V. by 21.2% in the second quarter. Concert Wealth Management Inc. now owns 3,464 shares of the semiconductor provider’s stock worth $273,000 after buying an additional 607 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its stake in NXP Semiconductors N.V. by 119.6% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 20,135 shares of the semiconductor provider’s stock worth $1,577,000 after buying an additional 10,966 shares during the last quarter. Smith Salley & Associates raised its stake in NXP Semiconductors N.V. by 2.0% in the second quarter. Smith Salley & Associates now owns 64,274 shares of the semiconductor provider’s stock worth $5,035,000 after buying an additional 1,245 shares during the last quarter. Finally, Aberdeen Asset Management PLC UK raised its stake in NXP Semiconductors N.V. by 19.1% in the second quarter. Aberdeen Asset Management PLC UK now owns 1,076,043 shares of the semiconductor provider’s stock worth $84,297,000 after buying an additional 172,496 shares during the last quarter. 84.12% of the stock is owned by institutional investors and hedge funds.

About NXP Semiconductors N.V.

NXP Semiconductors N.V. (NXP) is a holding company. The Company operates as a semiconductor company and a long-standing supplier. The Company provides high performance mixed signal and standard product solutions. The Company’s segments include High Performance Mixed Signal (HPMS), Standard Products (SP), and Corporate and Other.

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