Morgan Stanley Issues Pessimistic Forecast for NXP Semiconductors (NASDAQ:NXPI) Stock Price

NXP Semiconductors (NASDAQ:NXPI) had its price objective lowered by equities research analysts at Morgan Stanley from $235.00 to $231.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the semiconductor provider’s stock. Morgan Stanley’s price objective points to a potential upside of 6.54% from the stock’s previous close.

Several other brokerages also recently commented on NXPI. StockNews.com downgraded shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th. TD Cowen cut their price objective on shares of NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. Truist Financial dropped their price target on shares of NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $250.00 price target on shares of NXP Semiconductors in a research note on Tuesday. Finally, Evercore ISI dropped their price target on NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $263.15.

NXP Semiconductors Stock Up 1.7 %

Shares of NXP Semiconductors stock opened at $216.82 on Wednesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.35 and a quick ratio of 1.60. The company has a 50-day moving average of $214.42 and a 200 day moving average of $230.24. The firm has a market cap of $55.11 billion, a price-to-earnings ratio of 20.69, a PEG ratio of 3.14 and a beta of 1.46. NXP Semiconductors has a 1 year low of $198.21 and a 1 year high of $296.08.

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

Institutional Investors Weigh In On NXP Semiconductors

Several large investors have recently made changes to their positions in NXPI. Algert Global LLC bought a new stake in shares of NXP Semiconductors in the second quarter worth about $331,000. Czech National Bank increased its stake in NXP Semiconductors by 6.6% during the third quarter. Czech National Bank now owns 51,891 shares of the semiconductor provider’s stock worth $12,454,000 after acquiring an additional 3,198 shares during the last quarter. GAMMA Investing LLC increased its stake in NXP Semiconductors by 16.6% during the third quarter. GAMMA Investing LLC now owns 2,235 shares of the semiconductor provider’s stock worth $536,000 after acquiring an additional 318 shares during the last quarter. Diversified Trust Co increased its stake in NXP Semiconductors by 57.5% during the third quarter. Diversified Trust Co now owns 5,051 shares of the semiconductor provider’s stock worth $1,212,000 after acquiring an additional 1,843 shares during the last quarter. Finally, Mather Group LLC. increased its stake in NXP Semiconductors by 43.5% during the third quarter. Mather Group LLC. now owns 812 shares of the semiconductor provider’s stock worth $195,000 after acquiring an additional 246 shares during the last quarter. 90.54% of the stock is owned by institutional investors.

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.