NXP Semiconductors (NASDAQ:NXPI) Rating Lowered to Hold at StockNews.com

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

Several other brokerages have also issued reports on NXPI. TD Cowen upped their target price on NXP Semiconductors from $270.00 to $300.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 12th. Barclays upgraded NXP Semiconductors from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $200.00 to $260.00 in a report on Tuesday, January 16th. JPMorgan Chase & Co. upped their target price on NXP Semiconductors from $220.00 to $240.00 and gave the company a “neutral” rating in a report on Wednesday, February 7th. Evercore ISI started coverage on NXP Semiconductors in a report on Tuesday, April 16th. They set an “outperform” rating and a $300.00 target price for the company. Finally, Mizuho upped their price target on NXP Semiconductors from $220.00 to $225.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $242.29.

NXP Semiconductors Price Performance

NXPI stock traded up $9.06 during mid-day trading on Tuesday, reaching $256.19. 4,799,059 shares of the company traded hands, compared to its average volume of 2,386,966. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.91 and a quick ratio of 1.39. The company has a market capitalization of $65.61 billion, a P/E ratio of 23.92, a P/E/G ratio of 0.92 and a beta of 1.59. NXP Semiconductors has a 52-week low of $161.23 and a 52-week high of $264.26. The company has a fifty day moving average price of $242.00 and a 200-day moving average price of $220.72.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Monday, February 5th. The semiconductor provider reported $3.37 EPS for the quarter, topping the consensus estimate of $3.33 by $0.04. NXP Semiconductors had a return on equity of 38.94% and a net margin of 21.07%. The company had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.40 billion. As a group, analysts anticipate that NXP Semiconductors will post 12.21 earnings per share for the current year.

Institutional Investors Weigh In On NXP Semiconductors

Several institutional investors have recently modified their holdings of NXPI. Future Financial Wealth Managment LLC bought a new position in NXP Semiconductors in the first quarter valued at about $25,000. Operose Advisors LLC purchased a new position in NXP Semiconductors during the 3rd quarter valued at approximately $26,000. FinTrust Capital Advisors LLC grew its holdings in NXP Semiconductors by 75.4% during the 4th quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock valued at $26,000 after buying an additional 49 shares in the last quarter. BluePath Capital Management LLC purchased a new position in NXP Semiconductors during the 3rd quarter valued at approximately $28,000. Finally, LifeSteps Financial Inc. purchased a new position in NXP Semiconductors during the 1st quarter valued at approximately $30,000. 90.54% of the stock is owned by hedge funds and other institutional investors.

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.