NXP Semiconductors (NASDAQ:NXPI) Given New $240.00 Price Target at JPMorgan Chase & Co.

NXP Semiconductors (NASDAQ:NXPI) had its price target lowered by research analysts at JPMorgan Chase & Co. from $260.00 to $240.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the semiconductor provider’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 14.96% from the company’s current price.

Several other research firms also recently commented on NXPI. StockNews.com downgraded shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. Loop Capital began coverage on shares of NXP Semiconductors in a research note on Monday, November 11th. They set a “buy” rating and a $300.00 price objective for the company. Stifel Nicolaus lowered their price objective on shares of NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating for the company in a research note on Thursday, October 17th. Barclays lowered their price objective on shares of NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Finally, TD Cowen lowered their price objective on shares of NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Six equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $266.15.

NXP Semiconductors Trading Up 3.1 %

Shares of NASDAQ:NXPI traded up $6.37 during trading on Wednesday, reaching $208.77. 1,636,881 shares of the company were exchanged, compared to its average volume of 2,526,882. The firm has a market capitalization of $53.06 billion, a PE ratio of 19.91, a P/E/G ratio of 3.14 and a beta of 1.46. The business’s fifty day simple moving average is $214.68 and its 200-day simple moving average is $230.36. NXP Semiconductors has a 12-month low of $198.21 and a 12-month high of $296.08. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.35 and a quick ratio of 1.60.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (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 last year, the company posted $3.31 earnings per share. NXP Semiconductors’s revenue was down 5.4% compared to the same quarter last year. On average, research analysts anticipate that NXP Semiconductors will post 11.33 EPS for the current year.

Institutional Investors Weigh In On NXP Semiconductors

A number of hedge funds and other institutional investors have recently modified their holdings of the company. ORG Wealth Partners LLC grew its holdings in NXP Semiconductors by 915.4% in the fourth quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock valued at $27,000 after purchasing an additional 119 shares during the period. FSA Wealth Management LLC purchased a new stake in NXP Semiconductors in the third quarter valued at approximately $33,000. Sound Income Strategies LLC grew its holdings in NXP Semiconductors by 169.2% in the fourth quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock valued at $29,000 after purchasing an additional 88 shares during the period. Brooklyn Investment Group grew its holdings in NXP Semiconductors by 69.5% in the fourth quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock valued at $33,000 after purchasing an additional 66 shares during the period. Finally, Fortitude Family Office LLC grew its holdings in NXP Semiconductors by 52.4% in the fourth quarter. Fortitude Family Office LLC now owns 218 shares of the semiconductor provider’s stock valued at $45,000 after purchasing an additional 75 shares during the period. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

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.