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

NXP Semiconductors (NASDAQ:NXPI) had its target price decreased by equities research analysts 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 target points to a potential upside of 9.13% from the stock’s current price.

Several other research firms have also commented on NXPI. Morgan Stanley lowered their price target on shares of NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 6th. Mizuho set a $290.00 target price on shares of NXP Semiconductors in a research report on Friday, October 18th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $270.00 price target on shares of NXP Semiconductors in a report on Monday, November 4th. Needham & Company LLC decreased their price objective on NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Finally, The Goldman Sachs Group upgraded NXP Semiconductors from a “neutral” rating to a “buy” rating and lowered their target price for the company from $260.00 to $257.00 in a research report on Friday, January 10th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, NXP Semiconductors has an average rating of “Moderate Buy” and an average price target of $270.81.

NXP Semiconductors Stock Performance

Shares of NASDAQ NXPI opened at $210.76 on Friday. The stock has a market capitalization of $53.57 billion, a P/E ratio of 20.11, a P/E/G ratio of 3.11 and a beta of 1.47. The firm’s 50-day moving average price is $218.39 and its two-hundred day moving average price is $236.92. NXP Semiconductors has a 52-week low of $201.58 and a 52-week high of $296.08. The company has a quick ratio of 1.60, a current ratio of 2.35 and a debt-to-equity ratio of 0.99.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results 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. The business had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.25 billion. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The business’s revenue was down 5.4% on a year-over-year basis. During the same quarter last year, the business posted $3.31 EPS. As a group, sell-side analysts forecast that NXP Semiconductors will post 11.33 earnings per share for the current year.

Institutional Investors Weigh In On NXP Semiconductors

Several large investors have recently modified their holdings of the stock. Crumly & Associates Inc. lifted its holdings in shares of NXP Semiconductors by 2.0% during the third quarter. Crumly & Associates Inc. now owns 2,274 shares of the semiconductor provider’s stock valued at $546,000 after purchasing an additional 45 shares during the last quarter. Sterling Investment Counsel LLC lifted its stake in NXP Semiconductors by 5.7% during the third quarter. Sterling Investment Counsel LLC now owns 850 shares of the semiconductor provider’s stock valued at $204,000 after buying an additional 46 shares in the last quarter. Ascent Group LLC lifted its stake in NXP Semiconductors by 0.4% during the third quarter. Ascent Group LLC now owns 12,498 shares of the semiconductor provider’s stock valued at $3,000,000 after buying an additional 46 shares in the last quarter. Central Bank & Trust Co. boosted its holdings in shares of NXP Semiconductors by 1.1% in the fourth quarter. Central Bank & Trust Co. now owns 4,412 shares of the semiconductor provider’s stock worth $917,000 after buying an additional 48 shares during the period. Finally, Brighton Jones LLC increased its position in shares of NXP Semiconductors by 5.2% in the second quarter. Brighton Jones LLC now owns 1,024 shares of the semiconductor provider’s stock worth $275,000 after acquiring an additional 51 shares in the last quarter. 90.54% of the stock is owned by institutional investors.

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.