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

NXP Semiconductors (NASDAQ:NXPI) had its price objective lowered by equities researchers at Susquehanna from $235.00 to $225.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the semiconductor provider’s stock. Susquehanna’s target price would suggest a potential upside of 3.77% from the company’s previous close.

Several other research analysts have also recently weighed in on NXPI. Loop Capital began coverage on shares of NXP Semiconductors in a research note on Monday, November 11th. They set a “buy” rating and a $300.00 price target on the stock. 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. Morgan Stanley reduced their price target on NXP Semiconductors from $235.00 to $231.00 and set an “equal weight” rating for the company in a research report on Wednesday. TD Cowen decreased their price objective on NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Finally, StockNews.com downgraded NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from 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 %

NXPI stock opened at $216.82 on Wednesday. The company has a market cap of $55.11 billion, a price-to-earnings ratio of 20.69, a P/E/G ratio of 3.14 and a beta of 1.46. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.60 and a current ratio of 2.35. The business’s 50-day moving average is $214.42 and its two-hundred day moving average is $230.24. NXP Semiconductors has a fifty-two week low of $198.21 and a fifty-two week high of $296.08.

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

Hedge Funds Weigh In On NXP Semiconductors

Several institutional investors have recently added to or reduced their stakes in the company. State Street Corp grew its holdings in shares of NXP Semiconductors by 1.3% in the third quarter. State Street Corp now owns 10,675,415 shares of the semiconductor provider’s stock valued at $2,572,694,000 after purchasing an additional 139,641 shares in the last quarter. Geode Capital Management LLC lifted its position in NXP Semiconductors by 1.1% during the third quarter. Geode Capital Management LLC now owns 5,145,932 shares of the semiconductor provider’s stock valued at $1,231,533,000 after purchasing an additional 57,762 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of NXP Semiconductors by 2.1% in the 3rd quarter. Franklin Resources Inc. now owns 4,459,689 shares of the semiconductor provider’s stock worth $1,063,322,000 after buying an additional 93,129 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of NXP Semiconductors by 27.1% in the 4th quarter. Van ECK Associates Corp now owns 3,865,446 shares of the semiconductor provider’s stock worth $803,432,000 after buying an additional 824,317 shares in the last quarter. Finally, Janus Henderson Group PLC raised its position in shares of NXP Semiconductors by 0.7% during the 3rd quarter. Janus Henderson Group PLC now owns 2,730,933 shares of the semiconductor provider’s stock valued at $655,453,000 after buying an additional 20,145 shares in the last quarter. Hedge funds and other institutional investors 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.