NXP Semiconductors (NASDAQ:NXPI) Stock Rating Lowered by StockNews.com

NXP Semiconductors (NASDAQ:NXPI) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Monday.

Several other analysts have also weighed in on the stock. Morgan Stanley dropped their price objective on shares of NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating for the company in a report on Wednesday, November 6th. Mizuho set a $290.00 price target on NXP Semiconductors in a report on Friday, October 18th. Citic Securities initiated coverage on NXP Semiconductors in a research note on Friday, October 11th. They issued a $288.00 price objective on the stock. Stifel Nicolaus lowered their target price 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. Finally, Wells Fargo & Company initiated coverage on shares of NXP Semiconductors in a research report on Friday, November 22nd. They set an “overweight” rating and a $250.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, NXP Semiconductors has an average rating of “Moderate Buy” and a consensus target price of $273.19.

NXP Semiconductors Price Performance

NXP Semiconductors stock opened at $210.63 on Monday. The business has a 50 day simple moving average of $218.74 and a 200 day simple moving average of $237.09. NXP Semiconductors has a one year low of $201.58 and a one year high of $296.08. The company has a market capitalization of $53.53 billion, a PE ratio of 20.10, a price-to-earnings-growth ratio of 4.37 and a beta of 1.47. 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 (NASDAQ:NXPI) last issued its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, beating the consensus estimate 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 33.57%. The firm’s revenue for the quarter 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. On average, sell-side analysts forecast that NXP Semiconductors will post 11.33 EPS for the current fiscal year.

Hedge Funds Weigh In On NXP Semiconductors

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State Street Corp boosted its stake in NXP Semiconductors by 1.3% during the 3rd quarter. State Street Corp now owns 10,675,415 shares of the semiconductor provider’s stock worth $2,572,694,000 after acquiring an additional 139,641 shares during the last quarter. Geode Capital Management LLC raised its holdings in NXP Semiconductors by 1.1% in the third quarter. Geode Capital Management LLC now owns 5,145,932 shares of the semiconductor provider’s stock worth $1,231,533,000 after purchasing an additional 57,762 shares during the period. Franklin Resources Inc. boosted its position in shares of NXP Semiconductors by 2.1% during the third quarter. Franklin Resources Inc. now owns 4,459,689 shares of the semiconductor provider’s stock worth $1,063,322,000 after purchasing an additional 93,129 shares in the last quarter. Van ECK Associates Corp grew 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 valued at $718,680,000 after buying an additional 1,222,736 shares during the period. Finally, Janus Henderson Group PLC increased its position in shares of NXP Semiconductors by 0.7% in the 3rd quarter. Janus Henderson Group PLC now owns 2,730,933 shares of the semiconductor provider’s stock valued at $655,453,000 after buying an additional 20,145 shares in the last quarter. Institutional investors own 90.54% of the company’s stock.

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.