NXP Semiconductors (NASDAQ:NXPI) Given New $235.00 Price Target at Susquehanna

NXP Semiconductors (NASDAQ:NXPI) had its price objective reduced by equities researchers at Susquehanna from $250.00 to $235.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the semiconductor provider’s stock. Susquehanna’s price target would suggest a potential upside of 9.02% from the company’s current price.

Several other equities analysts also recently weighed in on NXPI. Loop Capital initiated coverage on NXP Semiconductors in a research report on Monday, November 11th. They set a “buy” rating and a $300.00 price target for the company. Barclays cut their price target on shares of NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. UBS Group cut their price objective on shares of NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Stifel Nicolaus reduced their price objective on shares of NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating on the stock in a research note on Thursday, October 17th. Finally, StockNews.com raised shares of NXP Semiconductors from a “hold” rating to a “buy” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, NXP Semiconductors has a consensus rating of “Moderate Buy” and a consensus target price of $270.85.

NXP Semiconductors Trading Up 0.3 %

Shares of NASDAQ NXPI traded up $0.67 during trading on Wednesday, reaching $215.55. The stock had a trading volume of 925,774 shares, compared to its average volume of 2,057,999. 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 company has a market cap of $54.78 billion, a P/E ratio of 20.60, a PEG ratio of 3.24 and a beta of 1.47. The business’s 50-day moving average price is $217.08 and its 200-day moving average price is $235.07. NXP Semiconductors has a fifty-two week low of $202.25 and a fifty-two week high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, beating 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 company 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 firm’s revenue was down 5.4% on a year-over-year basis. On average, equities research analysts predict that NXP Semiconductors will post 11.33 EPS for the current fiscal year.

Hedge Funds Weigh In On NXP Semiconductors

Hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp raised its position in NXP Semiconductors by 1.3% during 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 buying an additional 139,641 shares during the period. Geode Capital Management LLC lifted its position in shares of NXP Semiconductors by 1.1% in the third quarter. Geode Capital Management LLC now owns 5,145,932 shares of the semiconductor provider’s stock worth $1,231,533,000 after buying an additional 57,762 shares during the last quarter. Franklin Resources Inc. grew its holdings in NXP Semiconductors by 2.1% during the third quarter. Franklin Resources Inc. now owns 4,459,689 shares of the semiconductor provider’s stock valued at $1,063,322,000 after purchasing an additional 93,129 shares during the last quarter. Van ECK Associates Corp grew 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 valued at $718,680,000 after purchasing an additional 1,222,736 shares during the last quarter. Finally, Janus Henderson Group PLC increased its position in NXP Semiconductors by 0.7% in the 3rd quarter. Janus Henderson Group PLC now owns 2,730,933 shares of the semiconductor provider’s stock worth $655,453,000 after buying an additional 20,145 shares during the period. Institutional investors and hedge funds 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.