NXP Semiconductors (NASDAQ:NXPI) Cut to “Hold” at StockNews.com

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

A number of other research analysts also recently issued reports on the stock. Barclays dropped their price target on shares of NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Stifel Nicolaus dropped 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. UBS Group dropped their price objective on shares of NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. TD Cowen dropped their price objective on shares of NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Finally, Wells Fargo & Company started coverage on NXP Semiconductors in a research note on Friday, November 22nd. They set an “overweight” rating and a $250.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $270.85.

NXP Semiconductors Stock Performance

Shares of NXPI stock opened at $213.43 on Wednesday. The business’s 50-day moving average price is $216.68 and its 200-day moving average price is $233.35. The firm has a market capitalization of $54.24 billion, a price-to-earnings ratio of 20.37, a PEG ratio of 3.25 and a beta of 1.47. NXP Semiconductors has a 12 month low of $202.25 and a 12 month high of $296.08. The company has a current ratio of 2.35, a quick ratio of 1.60 and a debt-to-equity ratio of 0.99.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly 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. The company had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.25 billion. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. NXP Semiconductors’s revenue was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.31 earnings per share. Equities research analysts forecast that NXP Semiconductors will post 11.33 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Kestra Private Wealth Services LLC grew its position in shares of NXP Semiconductors by 13.8% during the 4th quarter. Kestra Private Wealth Services LLC now owns 12,671 shares of the semiconductor provider’s stock valued at $2,634,000 after purchasing an additional 1,533 shares in the last quarter. Visionary Horizons LLC increased its stake in NXP Semiconductors by 10.7% in the 4th quarter. Visionary Horizons LLC now owns 2,452 shares of the semiconductor provider’s stock worth $510,000 after acquiring an additional 238 shares during the last quarter. Thompson Investment Management Inc. increased its stake in NXP Semiconductors by 3.7% in the 4th quarter. Thompson Investment Management Inc. now owns 43,711 shares of the semiconductor provider’s stock worth $9,085,000 after acquiring an additional 1,544 shares during the last quarter. Empowered Funds LLC increased its position in shares of NXP Semiconductors by 99.2% in the fourth quarter. Empowered Funds LLC now owns 24,492 shares of the semiconductor provider’s stock worth $5,091,000 after purchasing an additional 12,195 shares during the last quarter. Finally, Seelaus Asset Management LLC increased its position in shares of NXP Semiconductors by 5.9% in the fourth quarter. Seelaus Asset Management LLC now owns 2,771 shares of the semiconductor provider’s stock worth $575,000 after purchasing an additional 155 shares during the last quarter. Hedge funds and other 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.