NXP Semiconductors' (NASDAQ:NXPI) Strong-Buy Rating Reiterated at Needham & Company LLC

Andrew Cummings
February 20, 2018

The stock decreased 0.56% or $0.15 during the last trading session, reaching $26.65.

Moving -0.36% from the previous session and touching $126.02 on a recent trade, shares of Electronic Arts Inc. (ANTM) stake by 92.02% reported in 2017Q3 SEC filing. The fund owned 54,968 shares of the semiconductor provider's stock after buying an additional 49,968 shares during the quarter. The Rockefeller Financial Services Inc holds 54,995 shares with $10.44 million value, up from 28,640 last quarter. Nxp Semiconductors N V now has $42.58B valuation.

On Tuesday, Qualcomm said that Qualcomm River Holdings B.V., a subsidiary of the United States chipmaker, has agreed to increase its buyout offer to secure NXP Semiconductors to $127.50 per share from $110 per share. Zacks Investment Research downgraded shares of NXP Semiconductors from a "buy" rating to a "hold" rating in a report on Tuesday, December 26th. NXP Semiconductors N.V. (NASDAQ:NXPI) has risen 24.67% since February 20, 2017 and is uptrending. It has outperformed by 7.97% the S&P500.

Among 24 analysts covering Express Scripts (NASDAQ:ESRX), 11 have Buy rating, 4 Sell and 9 Hold. Intel Corporation had 222 analyst reports since August 7, 2015 according to SRatingsIntel. As per Monday, February 12, the company rating was maintained by Jefferies.


Among 20 analysts covering MPLX LP (NYSE:MPLX), 15 have Buy rating, 0 Sell and 5 Hold. The rating was maintained by Barclays Capital on Monday, August 15 with "Overweight". The stock of Comcast Corporation (NASDAQ:CMCSA) earned "Buy" rating by Pivotal Research on Thursday, July 27. The company presently has an average rating of "Hold" and a consensus target price of $116.13. The rating was initiated by Goldman Sachs with "Neutral" on Wednesday, February 3. The rating was initiated by Summit Redstone Partners on Wednesday, July 20 with "Buy". The firm earned "Outperform" rating on Thursday, October 29 by RBC Capital Markets.

Under the terms of the revised agreement, the now pending tender offer of Qualcomm River Holdings B.V.to acquire all of the issued and outstanding shares of NXP will be amended as described above and the expiration time for the offer will be extended to the end of day, one minute after 11:59 p.m. Robert W. Baird reiterated a hold rating and set a $110.00 price target on shares of NXP Semiconductors in a research note on Friday, October 27th. The rating was maintained by Credit Suisse on Friday, August 21 with "Outperform".

Monarch Capital Management Inc, which manages about $312.53M and $268.23M US Long portfolio, decreased its stake in Mcdonald's (NYSE:MCD) by 2,558 shares to 59,817 shares, valued at $9.37M in 2017Q3, according to the filing. It also increased its holding in Tribune Media Co by 152,139 shares in the quarter, for a total of 287,616 shares, and has risen its stake in General Communication Inc (NASDAQ:GNCMA).

Analysts await The Descartes Systems Group Inc (NASDAQ:DSGX) to report earnings on March, 14. DSGX's profit will be $7.55M for 66.63 P/E if the $0.10 EPS becomes a reality. After having $-0.02 EPS previously, Bio-Path Holdings, Inc.'s analysts see 0.00 % EPS growth.


Cedar Hill Associates Llc increased Powershares S&P Smallcap Info Tech (PSCT) stake by 87,620 shares to 156,860 valued at $12.40 million in 2017Q3. Nuveen Asset Mngmt Ltd Liability has 0.11% invested in Parsley Energy, Inc. American Tower Corp New (NYSE:AMT) was raised too. Therefore 100% are positive.

News stories about NXP Semiconductors (NASDAQ:NXPI) have trended somewhat positive this week, Accern Sentiment Analysis reports. The rating was maintained by Mizuho on Thursday, January 18 with "Hold". Bank of America downgraded the stock to "Neutral" rating in Monday, June 27 report. The stock of NXP Semiconductors N.V. (NASDAQ:NXPI) has "Buy" rating given on Monday, April 11 by Nomura. The Company designs and manufactures High Performance Mixed Signal semiconductor solutions to meet the requirements of systems and sub-systems in its target markets. Qualcomm has also significantly improved its own capabilities in key industry segments such as Auto ($3 billion revenue pipeline), IoT ($1 billion in FY17 sales) and Networking, further enhancing the value proposition of the combined company to its customers and stockholders. The original version of this report can be accessed at https://www.thelincolnianonline.com/2018/02/19/nxp-semiconductors-nxpi-rating-lowered-to-strong-sell-at-bidaskclub-updated-updated-updated.html. Seaport Global upgraded it to "Buy" rating and $800 target in Wednesday, May 31 report.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.


Other reports by iNewsToday

FOLLOW OUR NEWSPAPER