Zacks Investment Research Upgrades NXP Semiconductors N.V. (NASDAQ:NXPI) to “Buy”

NXP Semiconductors N.V. (NASDAQ:NXPI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Tuesday, October 31st. The brokerage presently has a $131.00 target price on the semiconductor provider’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 12.88% from the company’s current price.

According to Zacks, “NXP Semiconductors N.V. is a global semiconductor company. The Company designs and manufactures High Performance Mixed Signal semiconductor solutions to meet the requirements of systems and sub-systems in its target markets. High Performance Mixed Signal solutions are an optimized mix of analog and digital functionality integrated into a system or sub-system. The Company’s expertise is in RF, analog, power management, interface, security and digital processing products. NXP’s solutions are used in a wide range of automotive, identification, wireless infrastructure, lighting, industrial, mobile, consumer and computing applications. The Company claims to provide its customers improved power efficiency, functional performance, miniaturization, quality, durability and adaptability in their electronic systems and application solutions. NXP is based in Eindhoven, the Netherlands, with research and development activities in Asia, Europe and the United States, and manufacturing facilities in Asia and Europe. “

NXPI has been the topic of a number of other reports. BidaskClub upgraded NXP Semiconductors N.V. from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. ValuEngine raised NXP Semiconductors N.V. from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Morgan Stanley increased their target price on NXP Semiconductors N.V. from $110.00 to $117.50 and gave the company an “equal weight” rating in a research report on Monday, August 7th. Stifel Nicolaus reaffirmed a “hold” rating and set a $110.00 target price on shares of NXP Semiconductors N.V. in a research report on Wednesday, October 4th. Finally, KeyCorp reaffirmed a “hold” rating on shares of NXP Semiconductors N.V. in a research report on Friday, September 8th. Seventeen analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of…

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