Investors Sell Shares of NXP Semiconductors (NXPI) on Strength on Analyst Downgrade

Traders sold shares of NXP Semiconductors NV (NASDAQ:NXPI) on strength during trading hours on Tuesday after Zacks Investment Research downgraded the stock from a hold rating to a sell rating. $168.86 million flowed into the stock on the tick-up and $241.16 million flowed out of the stock on the tick-down, for a money net flow of $72.30 million out of the stock. Of all companies tracked, NXP Semiconductors had the 0th highest net out-flow for the day. NXP Semiconductors traded up $0.51 for the day and closed at $95.34

Other equities analysts have also recently issued reports about the company. SunTrust Banks raised NXP Semiconductors from a “hold” rating to a “buy” rating in a report on Friday, April 27th. Drexel Hamilton raised NXP Semiconductors from a “hold” rating to a “buy” rating and increased their price target for the company from $110.00 to $127.50 in a report on Thursday, May 3rd. Deutsche Bank raised NXP Semiconductors from a “hold” rating to a “buy” rating and lowered their price target for the company from $127.50 to $107.00 in a report on Thursday, July 26th. Jefferies Financial Group raised NXP Semiconductors from a “hold” rating to a “buy” rating and set a $80.00 price target on the stock in a report on Friday, July 27th. Finally, Mizuho raised NXP Semiconductors from a “neutral” rating to a “buy” rating in a report on Friday, July 27th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $111.40.

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A number of institutional investors have recently made changes to their positions in the stock. Malaga Cove Capital LLC bought a new position in NXP Semiconductors in the 2nd quarter worth $722,000. Aviva PLC raised its holdings in NXP Semiconductors by 60.6% in the 2nd quarter. Aviva PLC now owns 286,705 shares of the semiconductor provider’s stock worth $31,328,000 after purchasing an additional 108,179 shares during the period. Eagle Global Advisors LLC raised its holdings in NXP Semiconductors by 23.5% in the 2nd quarter. Eagle Global Advisors LLC now owns 10,500 shares of the semiconductor provider’s stock worth $1,147,000 after purchasing an additional 2,000 shares during the period. Commonwealth Equity Services LLC raised its holdings in NXP Semiconductors by 91.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 54,496 shares of the semiconductor provider’s stock worth $5,955,000 after purchasing an additional 26,094 shares during the period. Finally, TD Asset Management Inc. raised its holdings in NXP Semiconductors by 5.6% in the 2nd quarter. TD Asset Management Inc. now owns 99,335 shares of the semiconductor provider’s stock worth $10,854,000 after purchasing an additional 5,300 shares during the period. 80.93% of the stock is currently owned by institutional investors.

The firm has a market capitalization of $32.59 billion, a P/E ratio of 13.28, a price-to-earnings-growth ratio of 0.80 and a beta of 0.81. The company has a quick ratio of 2.26, a current ratio of 2.98 and a debt-to-equity ratio of 0.39.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Wednesday, May 2nd. The semiconductor provider reported $0.95 EPS for the quarter, missing the Zacks’ consensus estimate of $1.50 by ($0.55). NXP Semiconductors had a return on equity of 16.24% and a net margin of 10.35%. The company had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.35 billion. equities analysts predict that NXP Semiconductors NV will post 5.95 EPS for the current year.

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.

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