NXP Semiconductors (NASDAQ:NXPI) Stock Rating Lowered by Mizuho

NXP Semiconductors (NASDAQ:NXPI) was downgraded by research analysts at Mizuho from a “strong-buy” rating to a “strong sell” rating in a research note issued to investors on Thursday,Zacks.com reports.

A number of other equities analysts have also issued reports on the company. TD Cowen reduced their target price on NXP Semiconductors from $285.00 to $250.00 and set a “buy” rating for the company in a research note on Wednesday, February 4th. JPMorgan Chase & Co. raised their target price on NXP Semiconductors from $245.00 to $250.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. KeyCorp raised their target price on NXP Semiconductors from $280.00 to $300.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 4th. Needham & Company LLC restated a “buy” rating and issued a $250.00 target price on shares of NXP Semiconductors in a research note on Tuesday, February 3rd. Finally, Truist Financial reduced their target price on NXP Semiconductors from $265.00 to $255.00 and set a “buy” rating for the company in a research note on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $249.11.

NXP Semiconductors Stock Performance

Shares of NXPI opened at $216.03 on Thursday. NXP Semiconductors has a 12 month low of $166.60 and a 12 month high of $256.36. The stock has a fifty day moving average price of $211.66 and a 200-day moving average price of $216.85. The company has a current ratio of 2.05, a quick ratio of 1.38 and a debt-to-equity ratio of 1.09. The firm has a market cap of $54.59 billion, a PE ratio of 27.21, a P/E/G ratio of 0.98 and a beta of 1.46.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Tuesday, February 3rd. The semiconductor provider reported $3.35 EPS for the quarter, beating the consensus estimate of $3.31 by $0.04. NXP Semiconductors had a return on equity of 26.72% and a net margin of 16.47%.The firm had revenue of $3.34 billion during the quarter, compared to analyst estimates of $3.30 billion. During the same quarter in the prior year, the business posted $3.18 EPS. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. Equities research analysts predict that NXP Semiconductors will post 10.28 earnings per share for the current fiscal year.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $194.58, for a total transaction of $194,580.00. Following the completion of the transaction, the executive vice president owned 9,942 shares in the company, valued at approximately $1,934,514.36. This trade represents a 9.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.12% of the company’s stock.

Institutional Investors Weigh In On NXP Semiconductors

A number of institutional investors have recently modified their holdings of NXPI. Norges Bank acquired a new stake in shares of NXP Semiconductors during the 4th quarter valued at about $613,029,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of NXP Semiconductors by 34,719.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,680,395 shares of the semiconductor provider’s stock valued at $581,807,000 after acquiring an additional 2,672,697 shares during the period. Wellington Management Group LLP grew its position in shares of NXP Semiconductors by 11.9% during the 3rd quarter. Wellington Management Group LLP now owns 12,583,718 shares of the semiconductor provider’s stock valued at $2,865,690,000 after acquiring an additional 1,333,920 shares during the period. SG Americas Securities LLC grew its position in shares of NXP Semiconductors by 307.7% during the 3rd quarter. SG Americas Securities LLC now owns 1,179,129 shares of the semiconductor provider’s stock valued at $268,523,000 after acquiring an additional 889,883 shares during the period. Finally, Invesco Ltd. grew its position in shares of NXP Semiconductors by 17.2% during the 4th quarter. Invesco Ltd. now owns 5,574,672 shares of the semiconductor provider’s stock valued at $1,210,038,000 after acquiring an additional 818,985 shares during the period. 90.54% of the stock is currently owned by institutional investors and hedge funds.

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.