NXP Semiconductors (NASDAQ:NXPI) Stock Rating Lowered by Wall Street Zen

NXP Semiconductors (NASDAQ:NXPI) was downgraded by Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report released on Sunday.

Several other equities research analysts have also issued reports on the stock. Susquehanna raised their target price on shares of NXP Semiconductors from $210.00 to $250.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Loop Capital raised their price objective on shares of NXP Semiconductors from $275.00 to $290.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. TD Cowen dropped their target price on NXP Semiconductors from $340.00 to $290.00 and set a “buy” rating for the company in a research report on Wednesday, July 29th. Needham & Company LLC reaffirmed a “buy” rating and set a $300.00 target price on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Finally, Barclays increased their price target on NXP Semiconductors from $295.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Sixteen research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, NXP Semiconductors presently has an average rating of “Moderate Buy” and a consensus target price of $305.43.

NXP Semiconductors Stock Performance

NASDAQ NXPI opened at $233.43 on Friday. The business’s 50 day moving average price is $279.61 and its 200-day moving average price is $252.66. NXP Semiconductors has a fifty-two week low of $183.00 and a fifty-two week high of $339.95. The company has a market cap of $58.86 billion, a P/E ratio of 19.92, a P/E/G ratio of 0.82 and a beta of 1.82. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.36 and a current ratio of 2.04.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.52 by $0.09. The company had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.47 billion. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%.NXP Semiconductors’s revenue was up 19.5% on a year-over-year basis. During the same period last year, the company earned $2.72 earnings per share. Sell-side analysts predict that NXP Semiconductors will post 13.73 earnings per share for the current year.

Insider Buying and Selling

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $315.57, for a total value of $315,570.00. Following the completion of the sale, the executive vice president directly owned 8,942 shares in the company, valued at approximately $2,821,826.94. This represents a 10.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 1,746 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $316.53, for a total value of $552,661.38. Following the transaction, the executive vice president directly owned 3,643 shares in the company, valued at $1,153,118.79. The trade was a 32.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in NXPI. Brighton Jones LLC lifted its position in NXP Semiconductors by 20.6% during the fourth quarter. Brighton Jones LLC now owns 1,276 shares of the semiconductor provider’s stock valued at $265,000 after acquiring an additional 218 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of NXP Semiconductors by 3.4% during the first quarter. NewEdge Advisors LLC now owns 7,021 shares of the semiconductor provider’s stock valued at $1,334,000 after acquiring an additional 234 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of NXP Semiconductors by 31.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 777 shares of the semiconductor provider’s stock valued at $170,000 after purchasing an additional 187 shares during the last quarter. Marshall Wace LLP raised its position in shares of NXP Semiconductors by 887.0% in the 2nd quarter. Marshall Wace LLP now owns 36,659 shares of the semiconductor provider’s stock valued at $8,010,000 after purchasing an additional 32,945 shares during the last quarter. Finally, Gamco Investors INC. ET AL acquired a new stake in NXP Semiconductors in the 2nd quarter worth approximately $555,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

About NXP Semiconductors

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.