Barclays Lowers NXP Semiconductors (NASDAQ:NXPI) Price Target to $230.00

NXP Semiconductors (NASDAQ:NXPI) had its target price cut by equities researchers at Barclays from $280.00 to $230.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the semiconductor provider’s stock. Barclays‘s price objective indicates a potential upside of 6.80% from the company’s current price.

Other equities research analysts also recently issued reports about the company. The Goldman Sachs Group raised NXP Semiconductors from a “neutral” rating to a “buy” rating and cut their price target for the stock from $260.00 to $257.00 in a research note on Friday, January 10th. Oppenheimer lowered their target price on NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Stifel Nicolaus cut their price target on NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating for the company in a report on Thursday, October 17th. Mizuho set a $290.00 price objective on shares of NXP Semiconductors in a research note on Friday, October 18th. Finally, Susquehanna cut their target price on shares of NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating for the company in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, NXP Semiconductors has an average rating of “Moderate Buy” and an average price target of $271.60.

NXP Semiconductors Stock Performance

NXPI stock opened at $215.36 on Friday. The firm has a 50 day simple moving average of $217.51 and a 200 day simple moving average of $236.39. NXP Semiconductors has a 52 week low of $202.25 and a 52 week high of $296.08. The stock has a market cap of $54.74 billion, a P/E ratio of 20.55, a P/E/G ratio of 3.11 and a beta of 1.47. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.60 and a current ratio of 2.35.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 last year, the business posted $3.31 EPS. The company’s revenue for the quarter was down 5.4% on a year-over-year basis. Research analysts anticipate that NXP Semiconductors will post 11.33 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NXP Semiconductors

Hedge funds have recently added to or reduced their stakes in the stock. Cerro Pacific Wealth Advisors LLC increased its stake in shares of NXP Semiconductors by 9.0% in the 4th quarter. Cerro Pacific Wealth Advisors LLC now owns 947 shares of the semiconductor provider’s stock valued at $197,000 after acquiring an additional 78 shares during the last quarter. Cardinal Capital Management Inc. grew its holdings in NXP Semiconductors by 3.1% during the fourth quarter. Cardinal Capital Management Inc. now owns 103,320 shares of the semiconductor provider’s stock valued at $21,475,000 after purchasing an additional 3,135 shares during the period. Inspire Investing LLC increased its stake in NXP Semiconductors by 7.2% in the fourth quarter. Inspire Investing LLC now owns 8,676 shares of the semiconductor provider’s stock valued at $1,803,000 after purchasing an additional 583 shares in the last quarter. Mutual Advisors LLC acquired a new stake in NXP Semiconductors in the fourth quarter worth $226,000. Finally, Janney Montgomery Scott LLC boosted its position in shares of NXP Semiconductors by 6.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 222,533 shares of the semiconductor provider’s stock worth $46,254,000 after purchasing an additional 12,984 shares in the last quarter. Institutional investors own 90.54% of the company’s stock.

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.