NXP Semiconductors (NASDAQ:NXPI) Price Target Cut to $260.00

NXP Semiconductors (NASDAQ:NXPI) had its target price cut by Stifel Nicolaus from $275.00 to $260.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has a “hold” rating on the semiconductor provider’s stock. Stifel Nicolaus’ target price would suggest a potential upside of 11.37% from the stock’s current price.

Other equities analysts have also recently issued reports about the stock. UBS Group upgraded shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and upped their target price for the company from $275.00 to $285.00 in a research note on Monday, October 7th. Cantor Fitzgerald cut their target price on shares of NXP Semiconductors from $350.00 to $270.00 and set an “overweight” rating for the company in a research note on Tuesday, October 8th. Citic Securities began coverage on shares of NXP Semiconductors in a research note on Friday, October 11th. They set a $288.00 target price for the company. StockNews.com cut shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Finally, Oppenheimer increased their price objective on shares of NXP Semiconductors from $295.00 to $330.00 and gave the company an “outperform” rating in a research note on Friday, July 12th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, NXP Semiconductors has an average rating of “Moderate Buy” and a consensus target price of $288.90.

NXP Semiconductors Price Performance

Shares of NXP Semiconductors stock opened at $233.45 on Thursday. The firm has a fifty day simple moving average of $239.56 and a 200-day simple moving average of $252.86. The company has a current ratio of 2.21, a quick ratio of 1.52 and a debt-to-equity ratio of 1.04. NXP Semiconductors has a 1-year low of $167.21 and a 1-year high of $296.08. The stock has a market capitalization of $59.47 billion, a price-to-earnings ratio of 21.82, a PEG ratio of 2.63 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 EPS for the quarter, beating the consensus estimate of $2.82 by $0.38. The firm had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.13 billion. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. The business’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same period in the prior year, the company earned $3.04 EPS. On average, sell-side analysts expect that NXP Semiconductors will post 11.97 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Julie Southern acquired 146 shares of the firm’s stock in a transaction on Tuesday, July 30th. The shares were purchased at an average price of $257.54 per share, with a total value of $37,600.84. Following the acquisition, the insider now directly owns 11,297 shares in the company, valued at $2,909,429.38. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. In other news, EVP Jennifer Wuamett sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The shares were 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 of the company’s stock, valued at approximately $7,033,002.15. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Julie Southern bought 146 shares of NXP Semiconductors stock in a transaction dated Tuesday, July 30th. The stock was acquired at an average cost of $257.54 per share, for a total transaction of $37,600.84. Following the purchase, the insider now directly owns 11,297 shares in the company, valued at approximately $2,909,429.38. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.11% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Norden Group LLC acquired a new stake in shares of NXP Semiconductors in the 1st quarter valued at approximately $1,775,000. Bessemer Group Inc. raised its position in shares of NXP Semiconductors by 4,525.6% in the 1st quarter. Bessemer Group Inc. now owns 356,774 shares of the semiconductor provider’s stock valued at $88,399,000 after acquiring an additional 349,061 shares during the period. M&G Plc acquired a new stake in shares of NXP Semiconductors in the 1st quarter valued at approximately $65,830,000. Maryland State Retirement & Pension System acquired a new stake in shares of NXP Semiconductors in the 1st quarter valued at approximately $3,089,000. Finally, QRG Capital Management Inc. raised its position in shares of NXP Semiconductors by 34.1% in the 1st quarter. QRG Capital Management Inc. now owns 1,716 shares of the semiconductor provider’s stock valued at $425,000 after acquiring an additional 436 shares during the period. 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.