NXP Semiconductors (NASDAQ:NXPI) Rating Lowered to Hold at StockNews.com

NXP Semiconductors (NASDAQ:NXPI) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

A number of other research firms have also issued reports on NXPI. Evercore ISI initiated coverage on NXP Semiconductors in a research note on Tuesday, April 16th. They set an “outperform” rating and a $300.00 price objective on the stock. Cantor Fitzgerald reissued an “overweight” rating and issued a $290.00 price target on shares of NXP Semiconductors in a report on Tuesday. TD Cowen boosted their price objective on shares of NXP Semiconductors from $270.00 to $300.00 and gave the company an “outperform” rating in a research note on Tuesday, March 12th. Oppenheimer boosted their price objective on shares of NXP Semiconductors from $220.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Finally, Susquehanna boosted their price objective on shares of NXP Semiconductors from $200.00 to $225.00 and gave the company a “neutral” rating in a research note on Wednesday, February 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and an average price target of $257.72.

NXP Semiconductors Price Performance

NXPI opened at $249.43 on Tuesday. The company has a market capitalization of $63.88 billion, a price-to-earnings ratio of 23.03, a PEG ratio of 0.94 and a beta of 1.59. The company has a quick ratio of 1.39, a current ratio of 1.91 and a debt-to-equity ratio of 1.14. The firm has a 50-day moving average price of $242.28 and a 200-day moving average price of $220.92. NXP Semiconductors has a twelve month low of $161.23 and a twelve month high of $264.26.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share for the quarter, beating analysts’ consensus estimates of $3.33 by $0.04. NXP Semiconductors had a net margin of 21.24% and a return on equity of 38.32%. The business had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.40 billion. Equities analysts expect that NXP Semiconductors will post 12.21 EPS for the current year.

Institutional Investors Weigh In On NXP Semiconductors

Hedge funds have recently made changes to their positions in the business. Future Financial Wealth Managment LLC bought a new stake in shares of NXP Semiconductors in the 1st quarter worth approximately $25,000. Operose Advisors LLC bought a new stake in shares of NXP Semiconductors in the 3rd quarter worth approximately $26,000. FinTrust Capital Advisors LLC lifted its holdings in shares of NXP Semiconductors by 75.4% in the 4th quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock worth $26,000 after acquiring an additional 49 shares during the last quarter. BluePath Capital Management LLC bought a new stake in shares of NXP Semiconductors in the 3rd quarter worth approximately $28,000. Finally, LifeSteps Financial Inc. bought a new stake in shares of NXP Semiconductors in the 1st quarter worth approximately $30,000. 90.54% of the stock is currently owned by 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.