TD Cowen Issues Pessimistic Forecast for NXP Semiconductors (NASDAQ:NXPI) Stock Price

NXP Semiconductors (NASDAQ:NXPI) had its price objective dropped by TD Cowen from $300.00 to $285.00 in a report issued on Friday, Marketbeat.com reports. The brokerage currently has a “buy” rating on the semiconductor provider’s stock. TD Cowen’s price target would indicate a potential upside of 21.85% from the company’s previous close.

Several other equities analysts have also weighed in on NXPI. Citic Securities assumed coverage on shares of NXP Semiconductors in a research report on Friday, October 11th. They set a $288.00 price target for the company. UBS Group dropped their target price on shares of NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating on the stock in a report on Wednesday. Mizuho set a $290.00 target price on shares of NXP Semiconductors in a research note on Friday, October 18th. Barclays cut their price target on NXP Semiconductors from $330.00 to $280.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. Finally, Morgan Stanley reduced their target price on shares of NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating on the stock in a report on Wednesday. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $275.60.

NXP Semiconductors Stock Down 0.9 %

NXPI traded down $2.23 during trading hours on Friday, hitting $233.89. 2,743,168 shares of the company’s stock were exchanged, compared to its average volume of 2,429,677. The stock has a market cap of $59.45 billion, a price-to-earnings ratio of 22.32, a PEG ratio of 3.08 and a beta of 1.49. NXP Semiconductors has a 1-year low of $179.64 and a 1-year high of $296.08. The stock’s 50-day moving average is $235.72 and its two-hundred day moving average is $253.17. The company has a quick ratio of 1.52, a current ratio of 2.35 and a debt-to-equity ratio of 0.99.

NXP Semiconductors (NASDAQ:NXPI) last released its 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. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The firm had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.25 billion. During the same period in the prior year, the company earned $3.31 earnings per share. The company’s quarterly revenue was down 5.4% on a year-over-year basis. Sell-side analysts predict that NXP Semiconductors will post 11.94 earnings per share for the current fiscal year.

Insider Activity

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

Hedge Funds Weigh In On NXP Semiconductors

A number of hedge funds have recently modified their holdings of the stock. Quantbot Technologies LP acquired a new position in shares of NXP Semiconductors during the first quarter valued at $843,000. Empowered Funds LLC grew its position in NXP Semiconductors by 80.1% in the first quarter. Empowered Funds LLC now owns 7,818 shares of the semiconductor provider’s stock valued at $1,937,000 after acquiring an additional 3,478 shares during the last quarter. KCM Investment Advisors LLC raised its stake in shares of NXP Semiconductors by 12.2% during the first quarter. KCM Investment Advisors LLC now owns 1,954 shares of the semiconductor provider’s stock valued at $484,000 after acquiring an additional 213 shares during the last quarter. Montag A & Associates Inc. increased its holdings in NXP Semiconductors by 1.7% in the first quarter. Montag A & Associates Inc. now owns 5,945 shares of the semiconductor provider’s stock worth $1,479,000 after purchasing an additional 100 shares in the last quarter. Finally, Atomi Financial Group Inc. bought a new stake in NXP Semiconductors during the 1st quarter valued at $237,000. 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.