NXP Semiconductors (NASDAQ:NXPI – Get Free Report) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday, Wall Street Zen reports.
Several other analysts also recently issued reports on the stock. Mizuho decreased their price objective on shares of NXP Semiconductors from $200.00 to $190.00 and set an “underperform” rating for the company in a research note on Wednesday, July 29th. Citigroup reaffirmed a “neutral” rating on shares of NXP Semiconductors in a research note on Monday, July 13th. Sanford C. Bernstein reissued a “market perform” rating and set a $290.00 price target (up from $270.00) on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Cantor Fitzgerald reissued an “overweight” rating on shares of NXP Semiconductors in a research note on Tuesday, September 8th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of NXP Semiconductors in a report on Friday, July 31st. Sixteen investment 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 data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $304.91.
Get Our Latest Stock Report on NXP Semiconductors
NXP Semiconductors Stock Performance
Shares of NXPI opened at $229.33 on Friday. The company’s fifty day simple moving average is $229.94 and its 200-day simple moving average is $256.44. The company has a market cap of $57.83 billion, a P/E ratio of 19.57, a P/E/G ratio of 0.78 and a beta of 1.80. The company has a current ratio of 2.04, a quick ratio of 1.36 and a debt-to-equity ratio of 0.88. NXP Semiconductors has a twelve month low of $183.00 and a twelve month high of $339.95.
NXP Semiconductors (NASDAQ:NXPI – Get Free Report) last released its earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.52 by $0.09. The firm had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.47 billion. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. The business’s revenue was up 19.5% on a year-over-year basis. During the same quarter last year, the business earned $2.72 EPS. As a group, analysts expect that NXP Semiconductors will post 13.75 EPS for the current year.
Insider Transactions at NXP Semiconductors
In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the company’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $226.04, for a total value of $226,040.00. Following the transaction, the executive vice president directly owned 7,942 shares in the company, valued at $1,795,209.68. This represents a 11.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 3,355 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $240.00, for a total transaction of $805,200.00. Following the transaction, the executive vice president directly owned 288 shares in the company, valued at approximately $69,120. This trade represents a 92.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.05% of the company’s stock.
Institutional Trading of NXP Semiconductors
A number of large investors have recently modified their holdings of NXPI. IFP Advisors Inc bought a new position in shares of NXP Semiconductors during the 3rd quarter worth $916,000. Frank Rimerman Advisors LLC purchased a new position in shares of NXP Semiconductors during the third quarter valued at $652,000. Counterpoint Mutual Funds LLC bought a new stake in shares of NXP Semiconductors in the third quarter valued at about $558,000. Align Financial LLC bought a new stake in shares of NXP Semiconductors in the third quarter valued at about $78,000. Finally, KRS Capital Management LLC bought a new stake in shares of NXP Semiconductors in the third quarter valued at about $579,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.
NXP Semiconductors Company Profile
NXP Semiconductors N.V. is a global semiconductor company that develops technologies for automotive, industrial, communications infrastructure, mobile, and Internet of Things applications. The company provides processing, connectivity, security, sensing, and power-management solutions that help enable connected and automated systems.
Its product portfolio includes microcontrollers and application processors, automotive networking and radar solutions, secure identification and authentication technologies, near-field communication products, radio-frequency power amplifiers, analog and mixed-signal devices, and wireless connectivity solutions.
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