TD Cowen Issues Pessimistic Forecast for NXP Semiconductors (NASDAQ:NXPI) Stock Price

NXP Semiconductors (NASDAQ:NXPI) had its price objective dropped by equities researchers at TD Cowen from $300.00 to $285.00 in a report released on Friday, Marketbeat.com reports. The brokerage presently has a “buy” rating on the semiconductor provider’s stock. TD Cowen’s price objective would indicate a potential upside of 21.85% from the stock’s current price.

NXPI has been the topic of several other research reports. Citic Securities assumed coverage on shares of NXP Semiconductors in a research note on Friday, October 11th. They issued a $288.00 price target on the stock. Truist Financial decreased their price target on shares of NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating for the company in a research report on Wednesday. The Goldman Sachs Group decreased their price target on NXP Semiconductors from $285.00 to $277.00 in a research note on Friday, October 11th. Mizuho set a $290.00 price objective on shares of NXP Semiconductors in a report on Friday, October 18th. Finally, Evercore ISI dropped their target price on NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating on the stock in a report on Wednesday. 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $275.60.

NXP Semiconductors Stock Down 0.9 %

Shares of NXPI traded down $2.23 during midday trading on Friday, hitting $233.89. The stock had a trading volume of 2,743,168 shares, compared to its average volume of 2,429,677. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.35 and a quick ratio of 1.52. NXP Semiconductors has a twelve month low of $179.64 and a twelve month high of $296.08. The firm has a market cap of $59.45 billion, a price-to-earnings ratio of 22.32, a price-to-earnings-growth ratio of 3.08 and a beta of 1.49. The company has a 50 day simple moving average of $235.72 and a two-hundred day simple moving average of $253.17.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, beating the consensus estimate of $3.43 by $0.02. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The company had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.25 billion. During the same quarter in the previous year, the business posted $3.31 EPS. NXP Semiconductors’s revenue for the quarter was down 5.4% compared to the same quarter last year. On average, analysts anticipate that NXP Semiconductors will post 11.94 EPS for the current year.

Insider Activity

In other news, EVP Jennifer Wuamett sold 3,500 shares of the company’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total value of $813,225.00. Following the transaction, the executive vice president now owns 30,269 shares in the company, valued at $7,033,002.15. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.11% of the company’s stock.

Hedge Funds Weigh In On NXP Semiconductors

Hedge funds have recently modified their holdings of the stock. Drive Wealth Management LLC lifted its stake in NXP Semiconductors by 4.3% in the second quarter. Drive Wealth Management LLC now owns 953 shares of the semiconductor provider’s stock valued at $257,000 after acquiring an additional 39 shares during the last quarter. Beacon Capital Management LLC increased its holdings in shares of NXP Semiconductors by 36.4% during the 1st quarter. Beacon Capital Management LLC now owns 150 shares of the semiconductor provider’s stock valued at $37,000 after acquiring an additional 40 shares during the last quarter. Patten Group Inc. boosted its position in NXP Semiconductors by 1.2% during the second quarter. Patten Group Inc. now owns 3,454 shares of the semiconductor provider’s stock worth $929,000 after purchasing an additional 42 shares during the period. West Paces Advisors Inc. lifted its stake in shares of NXP Semiconductors by 3.1% in the second quarter. West Paces Advisors Inc. now owns 1,500 shares of the semiconductor provider’s stock worth $404,000 after buying an additional 45 shares during the last quarter. Finally, Octavia Wealth Advisors LLC grew its position in shares of NXP Semiconductors by 5.4% in the second quarter. Octavia Wealth Advisors LLC now owns 880 shares of the semiconductor provider’s stock valued at $238,000 after purchasing an additional 45 shares during the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

NXP Semiconductors Company Profile

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.