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

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

Several other research analysts have also recently weighed in on the stock. Truist Financial lowered their price target on shares of NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Morgan Stanley reduced their target price on NXP Semiconductors from $235.00 to $231.00 and set an “equal weight” rating on the stock in a research report on Wednesday. UBS Group cut their price objective on NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Oppenheimer lowered their price objective on shares of NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. Finally, Wells Fargo & Company began coverage on NXP Semiconductors in a report on Friday, November 22nd. They issued an “overweight” rating and a $250.00 price objective on the stock. Six research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $263.15.

NXP Semiconductors Stock Performance

Shares of NXPI stock traded up $9.03 during mid-day trading on Wednesday, reaching $211.43. The stock had a trading volume of 2,230,569 shares, compared to its average volume of 2,561,887. The firm has a market cap of $53.74 billion, a price-to-earnings ratio of 20.18, a PEG ratio of 3.14 and a beta of 1.46. The business’s fifty day moving average is $214.68 and its 200-day moving average is $230.36. 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 has a 1-year low of $198.21 and a 1-year high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share 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 firm had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.25 billion. During the same quarter in the prior year, the firm earned $3.31 EPS. The company’s revenue for the quarter was down 5.4% on a year-over-year basis. On average, research analysts forecast that NXP Semiconductors will post 11.33 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Motco raised its stake in NXP Semiconductors by 2.6% in the 4th quarter. Motco now owns 27,673 shares of the semiconductor provider’s stock valued at $5,752,000 after purchasing an additional 711 shares during the last quarter. Private Trust Co. NA increased its holdings in shares of NXP Semiconductors by 5.8% in the 4th quarter. Private Trust Co. NA now owns 968 shares of the semiconductor provider’s stock worth $201,000 after acquiring an additional 53 shares during the period. Argyle Capital Management LLC acquired a new position in NXP Semiconductors during the 4th quarter valued at about $841,000. Parkside Financial Bank & Trust lifted its holdings in NXP Semiconductors by 9.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 573 shares of the semiconductor provider’s stock valued at $119,000 after acquiring an additional 51 shares during the last quarter. Finally, QRG Capital Management Inc. boosted its position in shares of NXP Semiconductors by 11.8% in the 4th quarter. QRG Capital Management Inc. now owns 2,947 shares of the semiconductor provider’s stock valued at $613,000 after purchasing an additional 312 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.