Stifel Nicolaus Has Lowered Expectations for NXP Semiconductors (NASDAQ:NXPI) Stock Price

NXP Semiconductors (NASDAQ:NXPI) had its price objective cut by Stifel Nicolaus from $210.00 to $170.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “hold” rating on the semiconductor provider’s stock. Stifel Nicolaus’ price target points to a potential upside of 1.74% from the company’s previous close.

Several other equities research analysts have also commented on NXPI. Needham & Company LLC decreased their price target on NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. StockNews.com lowered shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th. Susquehanna lowered their target price on shares of NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Truist Financial raised their price objective on NXP Semiconductors from $245.00 to $258.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Finally, Barclays lowered their target price on shares of NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Four investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $261.50.

NXP Semiconductors Stock Performance

Shares of NXP Semiconductors stock traded down $1.49 on Thursday, reaching $167.10. 255,635 shares of the stock were exchanged, compared to its average volume of 3,235,447. NXP Semiconductors has a 1-year low of $148.09 and a 1-year high of $296.08. The business has a fifty day moving average price of $202.72 and a two-hundred day moving average price of $215.87. The firm has a market capitalization of $42.38 billion, a PE ratio of 17.16, a PEG ratio of 3.01 and a beta of 1.40. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $204.86, for a total transaction of $204,860.00. Following the completion of the sale, the chief operating officer now directly owns 8,828 shares in the company, valued at $1,808,504.08. This represents a 10.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.11% of the stock is owned by company insiders.

Hedge Funds Weigh In On NXP Semiconductors

Institutional investors and hedge funds have recently bought and sold shares of the stock. ORG Wealth Partners LLC increased its holdings in shares of NXP Semiconductors by 915.4% during the 4th quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock worth $27,000 after purchasing an additional 119 shares during the period. Sound Income Strategies LLC raised its stake in shares of NXP Semiconductors by 169.2% in the fourth quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock valued at $29,000 after purchasing an additional 88 shares in the last quarter. Smithfield Trust Co bought a new position in NXP Semiconductors in the fourth quarter worth $32,000. Runnymede Capital Advisors Inc. acquired a new stake in NXP Semiconductors during the fourth quarter worth $32,000. Finally, Brooklyn Investment Group increased its holdings in NXP Semiconductors by 69.5% in the 4th quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock valued at $33,000 after buying an additional 66 shares during the period. 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.