NXP Semiconductors (NASDAQ:NXPI) Given New $230.00 Price Target at Barclays

NXP Semiconductors (NASDAQ:NXPI) had its price objective cut by analysts at Barclays from $280.00 to $230.00 in a research note issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the semiconductor provider’s stock. Barclays‘s price target would indicate a potential upside of 6.80% from the stock’s current price.

A number of other brokerages also recently weighed in on NXPI. Citic Securities initiated coverage on NXP Semiconductors in a research report on Friday, October 11th. They set a $288.00 price target on the stock. Loop Capital began coverage on NXP Semiconductors in a report on Monday, November 11th. They set a “buy” rating and a $300.00 target price on the stock. The Goldman Sachs Group raised NXP Semiconductors from a “neutral” rating to a “buy” rating and cut their price target for the company from $260.00 to $257.00 in a report on Friday, January 10th. Susquehanna decreased their price objective on shares of NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating on the stock in a report on Wednesday, November 6th. Finally, UBS Group cut their target price on shares of NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and an average price target of $271.60.

NXP Semiconductors Trading Up 2.2 %

Shares of NXP Semiconductors stock opened at $215.36 on Friday. The stock has a market cap of $54.74 billion, a P/E ratio of 20.55, a P/E/G ratio of 3.11 and a beta of 1.47. The company has a quick ratio of 1.60, a current ratio of 2.35 and a debt-to-equity ratio of 0.99. NXP Semiconductors has a 12-month low of $202.25 and a 12-month high of $296.08. The business’s 50 day moving average is $217.51 and its 200-day moving average is $236.39.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.43 by $0.02. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The firm had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.25 billion. During the same period in the prior year, the firm posted $3.31 earnings per share. The company’s quarterly revenue was down 5.4% compared to the same quarter last year. Equities research analysts predict that NXP Semiconductors will post 11.33 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. GDS Wealth Management increased its position in NXP Semiconductors by 7.7% during the 3rd quarter. GDS Wealth Management now owns 55,740 shares of the semiconductor provider’s stock worth $13,378,000 after purchasing an additional 3,985 shares in the last quarter. HITE Hedge Asset Management LLC bought a new stake in shares of NXP Semiconductors during the third quarter worth $13,445,000. Banque Cantonale Vaudoise increased its holdings in shares of NXP Semiconductors by 60.2% during the third quarter. Banque Cantonale Vaudoise now owns 25,850 shares of the semiconductor provider’s stock worth $6,204,000 after buying an additional 9,710 shares in the last quarter. Mackenzie Financial Corp lifted its stake in shares of NXP Semiconductors by 21.1% in the 2nd quarter. Mackenzie Financial Corp now owns 154,293 shares of the semiconductor provider’s stock valued at $41,519,000 after acquiring an additional 26,851 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of NXP Semiconductors by 1.9% during the 3rd quarter. Principal Financial Group Inc. now owns 303,895 shares of the semiconductor provider’s stock valued at $72,938,000 after acquiring an additional 5,722 shares in the last quarter. 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.