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

NXP Semiconductors (NASDAQ:NXPI) had its price target reduced by research analysts at Morgan Stanley from $250.00 to $235.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the semiconductor provider’s stock. Morgan Stanley’s price target would suggest a potential downside of 0.47% from the company’s previous close.

Several other equities analysts have also recently weighed in on NXPI. TD Cowen decreased their price objective on NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Mizuho set a $290.00 price target on NXP Semiconductors in a research report on Friday, October 18th. StockNews.com downgraded NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Stifel Nicolaus lowered their target price on shares of NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating on the stock in a report on Thursday, October 17th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $270.00 price target on shares of NXP Semiconductors in a research note on Monday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $276.85.

NXP Semiconductors Stock Up 2.0 %

NXPI stock opened at $236.12 on Wednesday. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.21 and a quick ratio of 1.52. The stock has a market capitalization of $60.15 billion, a P/E ratio of 22.53, a P/E/G ratio of 2.57 and a beta of 1.49. NXP Semiconductors has a fifty-two week low of $179.64 and a fifty-two week high of $296.08. The business has a 50-day moving average of $236.43 and a 200-day moving average of $253.19.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results 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 company had revenue of $3.25 billion during 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 34.11%. The business’s quarterly revenue was down 5.4% on a year-over-year basis. During the same period last year, the business earned $3.31 EPS. On average, sell-side analysts anticipate that NXP Semiconductors will post 11.94 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Jennifer Wuamett sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total value of $813,225.00. Following the completion of the sale, the executive vice president now directly owns 30,269 shares in the company, valued at approximately $7,033,002.15. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.11% of the company’s stock.

Institutional Investors Weigh In On NXP Semiconductors

A number of large investors have recently bought and sold shares of NXPI. Vanguard Group Inc. boosted its position in shares of NXP Semiconductors by 17.3% during the 1st 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 holdings in shares of NXP Semiconductors by 67.2% during the 3rd 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. lifted its position in shares of NXP Semiconductors by 5.1% during the 2nd 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 during the last quarter. Legal & General Group Plc boosted its stake in 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 valued at $611,336,000 after buying an additional 35,104 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in 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 valued at $412,628,000 after acquiring an additional 80,087 shares during the last quarter. 90.54% of the stock is currently 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.