NXP Semiconductors (NASDAQ:NXPI) Price Target Lowered to $250.00 at Needham & Company LLC

NXP Semiconductors (NASDAQ:NXPI) had its target price dropped by equities research analysts at Needham & Company LLC from $300.00 to $250.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the semiconductor provider’s stock. Needham & Company LLC’s target price would suggest a potential upside of 5.88% from the stock’s current price.

Several other research firms have also commented on NXPI. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $270.00 target price on shares of NXP Semiconductors in a report on Monday. Mizuho set a $290.00 price target on NXP Semiconductors in a report on Friday, October 18th. TD Cowen decreased their price target on NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Truist Financial dropped their price target on shares of NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Finally, Morgan Stanley decreased their target price on NXP Semiconductors from $275.00 to $271.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and a consensus price target of $276.85.

NXP Semiconductors Trading Up 2.0 %

NASDAQ NXPI opened at $236.12 on Wednesday. The company’s fifty day moving average price is $236.43 and its two-hundred day moving average price is $253.19. The company has a market capitalization of $60.15 billion, a price-to-earnings ratio of 22.53, a price-to-earnings-growth ratio of 2.57 and a beta of 1.49. NXP Semiconductors has a 12 month low of $179.64 and a 12 month high of $296.08. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.21 and a quick ratio of 1.52.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, beating analysts’ consensus estimates of $3.43 by $0.02. The business had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.25 billion. NXP Semiconductors had a return on equity of 34.11% and a net margin of 20.98%. The business’s quarterly revenue was down 5.4% on a year-over-year basis. During the same period in the previous year, the business earned $3.31 EPS. As a group, research analysts predict that NXP Semiconductors will post 11.94 earnings per share for the current fiscal year.

Insider Transactions at NXP Semiconductors

In related news, EVP Jennifer Wuamett sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total value of $813,225.00. Following the completion of the sale, the executive vice president now owns 30,269 shares of the company’s stock, valued at approximately $7,033,002.15. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.11% of the company’s stock.

Institutional Investors Weigh In On NXP Semiconductors

Several institutional investors and hedge funds have recently modified their holdings of NXPI. Vanguard Group Inc. boosted its stake in shares of NXP Semiconductors by 17.3% during the 1st quarter. Vanguard Group Inc. now owns 12,921,432 shares of the semiconductor provider’s stock worth $3,201,543,000 after acquiring an additional 1,909,898 shares in the last quarter. Van ECK Associates Corp grew its stake in NXP Semiconductors by 67.2% in the 3rd quarter. Van ECK Associates Corp now owns 3,041,129 shares of the semiconductor provider’s stock valued at $718,680,000 after buying an additional 1,222,736 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in NXP Semiconductors by 5.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,428,779 shares of the semiconductor provider’s stock worth $653,567,000 after acquiring an additional 118,366 shares during the period. Legal & General Group Plc lifted its position in NXP Semiconductors by 1.6% during the 2nd quarter. Legal & General Group Plc now owns 2,271,866 shares of the semiconductor provider’s stock worth $611,336,000 after acquiring an additional 35,104 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of NXP Semiconductors by 5.5% in the second quarter. Bank of New York Mellon Corp now owns 1,533,421 shares of the semiconductor provider’s stock valued at $412,628,000 after purchasing an additional 80,087 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

About NXP Semiconductors

NXP Semiconductors N.V. offers various semiconductor products. The company's product portfolio includes microcontrollers; application processors, including i.MX application processors, and i.MX 8 and 9 family of applications processors; communication processors; wireless connectivity solutions, such as near field communications, ultra-wideband, Bluetooth low-energy, Zigbee, and Wi-Fi and Wi-Fi/Bluetooth integrated SoCs; analog and interface devices; radio frequency power amplifiers; and security controllers, as well as semiconductor-based environmental and inertial sensors, including pressure, inertial, magnetic, and gyroscopic sensors.