Stifel Nicolaus Trims NXP Semiconductors (NASDAQ:NXPI) Target Price to $260.00

NXP Semiconductors (NASDAQ:NXPI) had its price target decreased by research analysts at Stifel Nicolaus from $275.00 to $260.00 in a report released on Thursday, Benzinga reports. The brokerage currently has a “hold” rating on the semiconductor provider’s stock. Stifel Nicolaus’ price target points to a potential upside of 9.83% from the stock’s current price.

A number of other brokerages have also recently commented on NXPI. Citic Securities started coverage on NXP Semiconductors in a research report on Friday, October 11th. They set a $288.00 price target on the stock. Cantor Fitzgerald dropped their target price on NXP Semiconductors from $350.00 to $270.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 8th. StockNews.com cut NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. UBS Group raised NXP Semiconductors from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $275.00 to $285.00 in a report on Monday, October 7th. Finally, Morgan Stanley reduced their target price on NXP Semiconductors from $275.00 to $271.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $290.65.

NXP Semiconductors Stock Up 1.7 %

Shares of NXP Semiconductors stock traded up $4.00 on Thursday, hitting $236.73. The company had a trading volume of 299,376 shares, compared to its average volume of 2,257,195. NXP Semiconductors has a 1 year low of $167.21 and a 1 year high of $296.08. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.52 and a current ratio of 2.21. The stock has a 50 day moving average of $239.99 and a 200-day moving average of $253.09. The stock has a market capitalization of $60.53 billion, a price-to-earnings ratio of 21.83, a P/E/G ratio of 2.58 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 EPS for the quarter, beating the consensus estimate of $2.82 by $0.38. The company had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.13 billion. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. The firm’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.04 earnings per share. As a group, sell-side analysts forecast that NXP Semiconductors will post 11.97 earnings per share for the current year.

Insider Transactions at NXP Semiconductors

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was 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 owns 30,269 shares of the company’s stock, valued at $7,033,002.15. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, EVP Jennifer Wuamett sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total transaction of $813,225.00. Following the transaction, the executive vice president now directly owns 30,269 shares of the company’s stock, valued at approximately $7,033,002.15. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Julie Southern purchased 146 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The stock was acquired at an average cost of $257.54 per share, with a total value of $37,600.84. Following the purchase, the insider now directly owns 11,297 shares of the company’s stock, valued at $2,909,429.38. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.11% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On NXP Semiconductors

Several hedge funds and other institutional investors have recently modified their holdings of NXPI. Future Financial Wealth Managment LLC bought a new position in shares of NXP Semiconductors in the 1st quarter worth approximately $25,000. Family Firm Inc. bought a new position in NXP Semiconductors in the second quarter worth $27,000. Addison Advisors LLC lifted its position in NXP Semiconductors by 224.2% during the second quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock valued at $29,000 after buying an additional 74 shares during the period. Valley National Advisers Inc. lifted its position in NXP Semiconductors by 71.2% during the second quarter. Valley National Advisers Inc. now owns 125 shares of the semiconductor provider’s stock valued at $33,000 after buying an additional 52 shares during the period. Finally, Rise Advisors LLC bought a new stake in shares of NXP Semiconductors during the 1st quarter valued at $35,000. 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.