JPMorgan Chase & Co. Has Lowered Expectations for NXP Semiconductors (NASDAQ:NXPI) Stock Price

NXP Semiconductors (NASDAQ:NXPI) had its price objective dropped by research analysts at JPMorgan Chase & Co. from $260.00 to $240.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the semiconductor provider’s stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 10.69% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. Citigroup upgraded shares of NXP Semiconductors from a “sell” rating to a “neutral” rating and increased their target price for the company from $200.00 to $210.00 in a research report on Wednesday. UBS Group decreased their target price on shares of NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. The Goldman Sachs Group upgraded NXP Semiconductors from a “neutral” rating to a “buy” rating and dropped their price target for the company from $260.00 to $257.00 in a research report on Friday, January 10th. Loop Capital assumed coverage on NXP Semiconductors in a research note on Monday, November 11th. They set a “buy” rating and a $300.00 price objective on the stock. Finally, Mizuho set a $290.00 target price on NXP Semiconductors in a research note on Friday, October 18th. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and an average price target of $263.15.

NXP Semiconductors Stock Performance

Shares of NXPI stock opened at $216.82 on Wednesday. The business’s fifty day simple moving average is $214.42 and its 200-day simple moving average is $230.24. 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 12-month low of $198.21 and a 12-month high of $296.08. The company has a market cap of $55.11 billion, a PE ratio of 20.69, a PEG ratio of 3.14 and a beta of 1.46.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.43 by $0.02. The company had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.25 billion. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. NXP Semiconductors’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same period last year, the firm posted $3.31 EPS. Analysts expect that NXP Semiconductors will post 11.33 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Crumly & Associates Inc. lifted its stake in shares of NXP Semiconductors by 2.0% in the third quarter. Crumly & Associates Inc. now owns 2,274 shares of the semiconductor provider’s stock worth $546,000 after acquiring an additional 45 shares in the last quarter. Sterling Investment Counsel LLC raised its position in shares of NXP Semiconductors by 5.7% in the 3rd quarter. Sterling Investment Counsel LLC now owns 850 shares of the semiconductor provider’s stock valued at $204,000 after purchasing an additional 46 shares in the last quarter. Ascent Group LLC boosted its stake in shares of NXP Semiconductors by 0.4% during the 3rd 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 during the last quarter. Central Bank & Trust Co. grew its position in shares of NXP Semiconductors by 1.1% during 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 in the last quarter. Finally, Parkside Financial Bank & Trust increased its stake in shares of NXP Semiconductors by 9.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 573 shares of the semiconductor provider’s stock worth $119,000 after buying an additional 51 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

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.