NXP Semiconductors Receives a New Rating from Top Analyst

By Austin Angelo

Mizuho Securities analyst Vijay Rakesh reiterated a Hold rating on NXP Semiconductors (NASDAQ: NXPI) today and set a price target of $110. The company’s shares opened today at $109.90, equals to its 52-week high of $109.90.

Rakesh commented:

“We believe the $110 offer for NXPI is ~15.2x consensus F18E EPS and, while at a discount to the ~18-20x F18 P/E for some of the peers, on an EV/EBITDA or debt/EBITDA and GM profitability it looks more in-line. However, we believe Automotive has grown to be a more attractive secular L-T market for QCOM as the handset market matures.”

According to TipRanks.com, Rakesh is a top 100 analyst with an average return of 30.1% and a 73.5% success rate. Rakesh covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Skyworks Solutions, and Texas Instruments.

NXP Semiconductors has an analyst consensus of Hold, with a price target consensus of $110.

The company has a one year high of $109.90 and a one year low of $73.62. Currently, NXP Semiconductors has an average volume of 2.82M.

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NXP Semiconductors NV engages in the development, manufacture, and provision of mixed-signal semiconductor solutions. It operates through the following segments: High Performance Mixed Signal; Standard Products; and Corporate and Other. The High Performance Mixed Signal segment designs and markets analog, power management, interface, security technologies, and digital processing systems. The Standard Products segment develops and supplies small signal and power discretes and protection, signal conditioning components, standard logic devices, diodes, transistors, rectifiers, interface protection devices, and bipolar power transistors. The Corporate and Other segment manages and operates manufacturing facilities. The company was founded on August 2, 2006 and is headquartered in Eindhovezn, Netherlands.