NXP Semiconductors (NASDAQ:NXPI) Price Target Lowered to $210.00 at Stifel Nicolaus

NXP Semiconductors (NASDAQ:NXPI) had its price objective lowered by research analysts at Stifel Nicolaus from $231.00 to $210.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “hold” rating on the semiconductor provider’s stock. Stifel Nicolaus’ price objective suggests a potential downside of 0.68% from the stock’s previous close.

A number of other equities analysts also recently commented on the stock. Needham & Company LLC reduced their price objective on shares of NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating for the company in a report on Wednesday. Loop Capital started coverage on shares of NXP Semiconductors in a research note on Monday, November 11th. They issued a “buy” rating and a $300.00 target price for the company. Susquehanna reduced their price target on shares of NXP Semiconductors from $250.00 to $235.00 and set a “neutral” rating for the company in a report on Wednesday, January 22nd. Truist Financial dropped their price target on NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Finally, Morgan Stanley decreased their price objective on NXP Semiconductors from $235.00 to $231.00 and set an “equal weight” rating for the company in a report on Wednesday. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $263.15.

NXP Semiconductors Stock Up 4.5 %

NASDAQ NXPI traded up $9.03 during trading on Wednesday, hitting $211.43. 2,230,569 shares of the company traded hands, compared to its average volume of 2,561,887. NXP Semiconductors has a 12 month low of $198.21 and a 12 month high of $296.08. The business has a fifty day simple moving average of $214.68 and a 200 day simple moving average of $230.36. The company has a market capitalization of $53.74 billion, a P/E ratio of 20.18, a PEG ratio of 3.14 and a beta of 1.46. The company has a current ratio of 2.35, a quick ratio of 1.60 and a debt-to-equity ratio of 0.99.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, topping 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 business had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.25 billion. During the same period in the prior year, the firm earned $3.31 EPS. NXP Semiconductors’s quarterly revenue was down 5.4% compared to the same quarter last year. As a group, sell-side analysts predict that NXP Semiconductors will post 11.33 EPS for the current year.

Institutional Trading of NXP Semiconductors

A number of institutional investors and hedge funds have recently bought and sold shares of NXPI. Algert Global LLC bought a new stake in shares of NXP Semiconductors during the 2nd quarter valued at about $331,000. Czech National Bank grew its holdings in shares of NXP Semiconductors by 6.6% during the third quarter. Czech National Bank now owns 51,891 shares of the semiconductor provider’s stock valued at $12,454,000 after buying an additional 3,198 shares during the last quarter. GAMMA Investing LLC increased its holdings in NXP Semiconductors by 16.6% during the 3rd quarter. GAMMA Investing LLC now owns 2,235 shares of the semiconductor provider’s stock worth $536,000 after purchasing an additional 318 shares in the last quarter. Diversified Trust Co lifted its stake in NXP Semiconductors by 57.5% during the 3rd quarter. Diversified Trust Co now owns 5,051 shares of the semiconductor provider’s stock valued at $1,212,000 after acquiring an additional 1,843 shares in the last quarter. Finally, Mather Group LLC. grew its stake in NXP Semiconductors by 43.5% in the 3rd quarter. Mather Group LLC. now owns 812 shares of the semiconductor provider’s stock valued at $195,000 after purchasing an additional 246 shares during the period. 90.54% of the stock is currently owned by institutional investors and hedge funds.

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.