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

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

NXPI has been the topic of a number of other reports. Loop Capital began coverage on shares of NXP Semiconductors in a research report on Monday, November 11th. They set a “buy” rating and a $300.00 target price on the stock. Stifel Nicolaus reduced their target price on shares of NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating on the stock in a research report on Thursday, October 17th. Oppenheimer reduced their target price on shares of NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Mizuho set a $290.00 target price on shares of NXP Semiconductors in a research report on Friday, October 18th. Finally, Morgan Stanley cut their price target on shares of NXP Semiconductors from $235.00 to $231.00 and set an “equal weight” rating on the stock in a report on Wednesday. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $266.15.

NXP Semiconductors Trading Up 3.1 %

NXPI stock traded up $6.37 during midday trading on Wednesday, reaching $208.77. 1,636,881 shares of the company’s stock traded hands, compared to its average volume of 2,526,882. The company has a market capitalization of $53.06 billion, a P/E ratio of 19.91, a PEG ratio of 3.14 and a beta of 1.46. 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 has a fifty-two week low of $198.21 and a fifty-two week high of $296.08. The business has a 50-day moving average price of $214.68 and a two-hundred day moving average price of $230.36.

NXP Semiconductors (NASDAQ:NXPI) last posted its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, topping analysts’ consensus estimates of $3.43 by $0.02. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The business had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.25 billion. During the same period in the previous year, the company posted $3.31 earnings per share. The business’s revenue for the quarter was down 5.4% compared to the same quarter last year. Equities research analysts forecast that NXP Semiconductors will post 11.33 EPS for the current fiscal year.

Institutional Trading of NXP Semiconductors

A number of large investors have recently modified their holdings of NXPI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of NXP Semiconductors by 387.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,294,340 shares of the semiconductor provider’s stock worth $550,665,000 after acquiring an additional 1,823,650 shares during the period. Van ECK Associates Corp increased its holdings in shares of NXP Semiconductors by 67.2% in the 3rd quarter. Van ECK Associates Corp now owns 3,041,129 shares of the semiconductor provider’s stock worth $718,680,000 after acquiring an additional 1,222,736 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of NXP Semiconductors by 337.2% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 939,924 shares of the semiconductor provider’s stock worth $225,591,000 after acquiring an additional 724,951 shares during the period. International Assets Investment Management LLC increased its holdings in shares of NXP Semiconductors by 24,533.2% in the 3rd quarter. International Assets Investment Management LLC now owns 514,341 shares of the semiconductor provider’s stock worth $123,447,000 after acquiring an additional 512,253 shares during the period. Finally, Assenagon Asset Management S.A. increased its holdings in shares of NXP Semiconductors by 1,172.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 555,189 shares of the semiconductor provider’s stock worth $115,396,000 after acquiring an additional 511,553 shares during the period. Institutional investors and hedge funds 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.