NXP Semiconductors (NASDAQ:NXPI – Get Free Report) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a report issued on Tuesday.
A number of other equities analysts also recently issued reports on NXPI. Truist Financial increased their price target on NXP Semiconductors from $264.00 to $265.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Stifel Nicolaus increased their price target on NXP Semiconductors from $190.00 to $210.00 and gave the stock a “hold” rating in a research report on Tuesday, January 2nd. TD Cowen increased their price target on NXP Semiconductors from $270.00 to $300.00 and gave the stock an “outperform” rating in a research report on Tuesday. JPMorgan Chase & Co. raised their price objective on NXP Semiconductors from $220.00 to $240.00 and gave the company a “neutral” rating in a research report on Wednesday, February 7th. Finally, Oppenheimer raised their price objective on NXP Semiconductors from $220.00 to $250.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, NXP Semiconductors has an average rating of “Moderate Buy” and an average target price of $238.75.
NXP Semiconductors Trading Up 1.6 %
NXPI stock traded up $4.17 during midday trading on Tuesday, reaching $257.46. The company’s stock had a trading volume of 2,102,569 shares, compared to its average volume of 2,397,335. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.39 and a current ratio of 1.91. The stock has a fifty day simple moving average of $227.98 and a two-hundred day simple moving average of $211.25. NXP Semiconductors has a 1 year low of $155.31 and a 1 year high of $264.26. The firm has a market capitalization of $66.03 billion, a price-to-earnings ratio of 24.04, a PEG ratio of 0.95 and a beta of 1.60.
NXP Semiconductors (NASDAQ:NXPI – Get Free Report) last released its earnings results on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share for the quarter, topping analysts’ consensus estimates of $3.33 by $0.04. NXP Semiconductors had a return on equity of 38.94% and a net margin of 21.07%. The business had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.40 billion. On average, equities research analysts predict that NXP Semiconductors will post 12.28 EPS for the current year.
Insider Activity at NXP Semiconductors
In other NXP Semiconductors news, EVP Jennifer Wuamett sold 2,120 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $227.26, for a total value of $481,791.20. Following the sale, the executive vice president now directly owns 38,229 shares of the company’s stock, valued at $8,687,922.54. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.13% of the stock is owned by company insiders.
Institutional Trading of NXP Semiconductors
Institutional investors have recently bought and sold shares of the business. FinTrust Capital Advisors LLC boosted its stake in shares of NXP Semiconductors by 75.4% in the fourth 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. Operose Advisors LLC acquired a new stake in shares of NXP Semiconductors in the third quarter worth approximately $26,000. Valley National Advisers Inc. boosted its stake in shares of NXP Semiconductors by 98.6% in the fourth quarter. Valley National Advisers Inc. now owns 137 shares of the semiconductor provider’s stock worth $31,000 after acquiring an additional 68 shares during the last quarter. BluePath Capital Management LLC acquired a new stake in shares of NXP Semiconductors in the third quarter worth approximately $28,000. Finally, ICA Group Wealth Management LLC acquired a new stake in shares of NXP Semiconductors in the fourth quarter worth approximately $33,000. 90.21% of the stock is owned by institutional investors and hedge funds.
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.