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

NXP Semiconductors (NASDAQ:NXPI) had its price objective lowered by investment analysts at Morgan Stanley from $250.00 to $235.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the semiconductor provider’s stock. Morgan Stanley’s price target would indicate a potential downside of 0.47% from the company’s previous close.

A number of other equities research analysts have also recently commented on the company. Stifel Nicolaus reduced their price objective on 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 decreased their price target on shares of NXP Semiconductors from $330.00 to $280.00 and set an “overweight” rating for the company in a research note on Tuesday. StockNews.com lowered NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. UBS Group upgraded shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and increased their target price for the company from $275.00 to $285.00 in a report on Monday, October 7th. Finally, TD Cowen reduced their price objective on shares of NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. One research 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $276.85.

NXP Semiconductors Stock Performance

NASDAQ:NXPI opened at $236.12 on Wednesday. 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 fifty-two week low of $179.64 and a fifty-two week high of $296.08. The company has a 50 day simple moving average of $236.43 and a two-hundred day simple moving average of $253.19. The company has a market capitalization of $60.15 billion, a PE ratio of 22.53, a P/E/G ratio of 2.57 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.43 by $0.02. The company had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.25 billion. NXP Semiconductors had a net margin of 20.98% and a return on equity of 34.11%. NXP Semiconductors’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.31 EPS. Research analysts anticipate that NXP Semiconductors will post 11.94 earnings per share for the current year.

Insider Activity at NXP Semiconductors

In other news, EVP Jennifer Wuamett sold 3,500 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total transaction of $813,225.00. Following the completion of the transaction, the executive vice president now directly owns 30,269 shares in the company, valued at $7,033,002.15. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.11% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On NXP Semiconductors

A number of institutional investors have recently made changes to their positions in NXPI. Family Firm Inc. purchased a new position in shares of NXP Semiconductors in the 2nd quarter worth about $27,000. Addison Advisors LLC lifted its holdings in shares of NXP Semiconductors by 224.2% in the 2nd quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock worth $29,000 after acquiring an additional 74 shares during the last quarter. Valley National Advisers Inc. boosted its stake in shares of NXP Semiconductors by 71.2% in the 2nd quarter. Valley National Advisers Inc. now owns 125 shares of the semiconductor provider’s stock valued at $33,000 after purchasing an additional 52 shares in the last quarter. Fortitude Family Office LLC raised its position in NXP Semiconductors by 615.0% in the 2nd quarter. Fortitude Family Office LLC now owns 143 shares of the semiconductor provider’s stock worth $38,000 after purchasing an additional 123 shares during the period. Finally, Beacon Capital Management LLC lifted its stake in NXP Semiconductors by 36.4% in the first quarter. Beacon Capital Management LLC now owns 150 shares of the semiconductor provider’s stock worth $37,000 after purchasing an additional 40 shares during the last quarter. Institutional investors 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.