UBS Group Has Lowered Expectations for NXP Semiconductors (NASDAQ:NXPI) Stock Price

NXP Semiconductors (NASDAQ:NXPI) had its target price lowered by stock analysts at UBS Group from $285.00 to $275.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the semiconductor provider’s stock. UBS Group’s price objective would suggest a potential upside of 18.00% from the stock’s current price.

Several other research analysts have also recently issued reports on the company. Citic Securities initiated coverage on NXP Semiconductors in a research note on Friday, October 11th. They issued a $288.00 price target for the company. Stifel Nicolaus lowered their price objective on NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating on the stock in a report on Thursday, October 17th. TD Cowen reduced their price objective on NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Truist Financial cut their target price on NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, StockNews.com cut NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. 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 data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $276.85.

NXP Semiconductors Trading Up 3.7 %

Shares of NASDAQ:NXPI traded up $8.41 during trading on Wednesday, reaching $233.06. 2,101,735 shares of the stock were exchanged, compared to its average volume of 2,284,853. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.52 and a current ratio of 2.21. NXP Semiconductors has a 12-month low of $178.19 and a 12-month high of $296.08. The firm has a market cap of $59.37 billion, a price-to-earnings ratio of 21.83, a price-to-earnings-growth ratio of 2.59 and a beta of 1.49. The firm’s 50-day moving average price is $236.74 and its 200 day moving average price is $253.34.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, topping the consensus estimate of $3.43 by $0.02. NXP Semiconductors had a return on equity of 35.65% and a net margin of 21.21%. 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 previous year, the company posted $3.31 EPS. NXP Semiconductors’s revenue for the quarter was down 5.4% on a year-over-year basis. On average, sell-side analysts anticipate that NXP Semiconductors will post 11.94 earnings per share for the current fiscal year.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of NXP Semiconductors stock in a transaction 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 sale, the executive vice president now directly owns 30,269 shares in the company, valued at approximately $7,033,002.15. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.11% of the stock is owned by insiders.

Hedge Funds Weigh In On NXP Semiconductors

A number of large investors have recently made changes to their positions in NXPI. Vanguard Group Inc. lifted its position in shares of NXP Semiconductors by 17.3% in the 1st quarter. Vanguard Group Inc. now owns 12,921,432 shares of the semiconductor provider’s stock worth $3,201,543,000 after purchasing an additional 1,909,898 shares during the period. Van ECK Associates Corp increased its stake in NXP Semiconductors by 67.2% during the 3rd 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 in the last quarter. Ameriprise Financial Inc. increased its stake in NXP Semiconductors by 5.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,428,779 shares of the semiconductor provider’s stock valued at $653,567,000 after purchasing an additional 118,366 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of NXP Semiconductors by 1.6% in the 2nd quarter. Legal & General Group Plc now owns 2,271,866 shares of the semiconductor provider’s stock valued at $611,336,000 after acquiring an additional 35,104 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of NXP Semiconductors by 5.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,533,421 shares of the semiconductor provider’s stock valued at $412,628,000 after acquiring an additional 80,087 shares during the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

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.