Stifel Nicolaus Has Lowered Expectations for NXP Semiconductors (NASDAQ:NXPI) Stock Price

NXP Semiconductors (NASDAQ:NXPI) had its target price reduced by equities research analysts at Stifel Nicolaus from $231.00 to $210.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “hold” rating on the semiconductor provider’s stock. Stifel Nicolaus’ price objective points to a potential downside of 3.15% from the company’s previous close.

Other research analysts have also issued research reports about the company. JPMorgan Chase & Co. dropped their target price on NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating on the stock in a report on Wednesday. Barclays reduced their price objective on shares of NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. UBS Group lowered 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 report on Wednesday, November 6th. The Goldman Sachs Group raised NXP Semiconductors from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $260.00 to $257.00 in a research note on Friday, January 10th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $250.00 price objective on shares of NXP Semiconductors in a research note on Tuesday. Six research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $263.15.

NXP Semiconductors Price Performance

NXPI stock opened at $216.82 on Wednesday. NXP Semiconductors has a 12-month low of $198.21 and a 12-month high of $296.08. The business’s fifty day moving average price is $214.42 and its 200 day moving average price is $230.24. The company has a market capitalization of $55.11 billion, a PE ratio of 20.69, a P/E/G ratio of 3.14 and a beta of 1.46. 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 (NASDAQ:NXPI) last announced its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, beating analysts’ consensus estimates of $3.43 by $0.02. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The business had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.25 billion. During the same period last year, the business earned $3.31 EPS. The company’s revenue was down 5.4% on a year-over-year basis. On average, sell-side analysts anticipate that NXP Semiconductors will post 11.33 EPS for the current year.

Hedge Funds Weigh In On NXP Semiconductors

Hedge funds and other institutional investors have recently modified their holdings of the company. ORG Wealth Partners LLC raised its position in NXP Semiconductors by 915.4% in the fourth quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock valued at $27,000 after purchasing an additional 119 shares during the period. Sound Income Strategies LLC increased its holdings in NXP Semiconductors by 169.2% in the fourth quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock valued at $29,000 after buying an additional 88 shares during the last quarter. Smithfield Trust Co bought a new stake in shares of NXP Semiconductors in the 4th quarter valued at approximately $32,000. FSA Wealth Management LLC bought a new stake in NXP Semiconductors during the third quarter valued at $33,000. Finally, Brooklyn Investment Group raised its stake in NXP Semiconductors by 69.5% during the fourth quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock worth $33,000 after acquiring an additional 66 shares during the period. 90.54% of the stock is owned by institutional investors and hedge funds.

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.