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

NXP Semiconductors (NASDAQ:NXPI) had its price objective decreased by stock analysts at Susquehanna from $260.00 to $250.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the semiconductor provider’s stock. Susquehanna’s target price suggests a potential upside of 5.88% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. Cantor Fitzgerald reiterated an “overweight” rating and issued a $270.00 price target on shares of NXP Semiconductors in a research report on Monday. Mizuho set a $290.00 price target on NXP Semiconductors in a research report on Friday, October 18th. UBS Group upgraded NXP Semiconductors from a “neutral” rating to a “buy” rating and upped their price target for the company from $275.00 to $285.00 in a research report on Monday, October 7th. The Goldman Sachs Group dropped their price objective on NXP Semiconductors from $285.00 to $277.00 in a research note on Friday, October 11th. Finally, Barclays dropped their price objective on NXP Semiconductors from $330.00 to $280.00 and set an “overweight” rating on the stock in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and a consensus target price of $276.85.

NXP Semiconductors Trading Up 2.0 %

Shares of NXPI opened at $236.12 on Wednesday. NXP Semiconductors has a 52-week low of $179.64 and a 52-week high of $296.08. The business’s fifty day moving average is $236.43 and its 200-day moving average is $253.19. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.52 and a current ratio of 2.21. The firm has a market cap of $60.15 billion, a price-to-earnings ratio of 22.53, a PEG ratio of 2.57 and a beta of 1.49.

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 analysts’ consensus estimates of $3.43 by $0.02. The business had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.25 billion. NXP Semiconductors had a return on equity of 34.11% and a net margin of 20.98%. NXP Semiconductors’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.31 EPS. Equities analysts anticipate that NXP Semiconductors will post 11.94 EPS for the current fiscal year.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total transaction of $813,225.00. Following the sale, the executive vice president now owns 30,269 shares in the company, valued at $7,033,002.15. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.11% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On NXP Semiconductors

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of NXP Semiconductors by 17.3% during the first quarter. Vanguard Group Inc. now owns 12,921,432 shares of the semiconductor provider’s stock worth $3,201,543,000 after acquiring an additional 1,909,898 shares in the last quarter. Van ECK Associates Corp raised its position in shares of NXP Semiconductors by 67.2% in the third quarter. Van ECK Associates Corp now owns 3,041,129 shares of the semiconductor provider’s stock worth $718,680,000 after buying an additional 1,222,736 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of NXP Semiconductors by 5.1% in the second quarter. Ameriprise Financial Inc. now owns 2,428,779 shares of the semiconductor provider’s stock worth $653,567,000 after buying an additional 118,366 shares in the last quarter. Legal & General Group Plc raised its position in shares of NXP Semiconductors by 1.6% in the second quarter. Legal & General Group Plc now owns 2,271,866 shares of the semiconductor provider’s stock worth $611,336,000 after buying an additional 35,104 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of NXP Semiconductors by 5.5% in the second quarter. Bank of New York Mellon Corp now owns 1,533,421 shares of the semiconductor provider’s stock worth $412,628,000 after buying an additional 80,087 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

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.