NXP Semiconductors (NASDAQ:NXPI – Get Free Report) had its price objective cut by equities research analysts at Wells Fargo & Company from $280.00 to $235.00 in a report released on Tuesday, Benzinga reports. The brokerage presently has an “equal weight” rating on the semiconductor provider’s stock. Wells Fargo & Company‘s price objective suggests a potential downside of 0.68% from the company’s previous close.
Several other research firms also recently commented on NXPI. Sanford C. Bernstein restated a “market perform” rating and set a $290.00 price objective (up from $270.00) on shares of NXP Semiconductors in a report on Wednesday, July 29th. Citigroup reiterated a “neutral” rating on shares of NXP Semiconductors in a report on Monday, July 13th. Needham & Company LLC reissued a “buy” rating and issued a $300.00 price target on shares of NXP Semiconductors in a research report on Wednesday, July 29th. UBS Group reissued a “neutral” rating and issued a $270.00 price target (down from $305.00) on shares of NXP Semiconductors in a research report on Monday, August 3rd. Finally, Mizuho decreased their price target 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. Sixteen research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $302.30.
Check Out Our Latest Analysis on NXP Semiconductors
NXP Semiconductors Stock Up 2.8%
Shares of NXP Semiconductors stock traded up $6.42 during trading on Tuesday, reaching $236.61. 278,311 shares of the company traded hands, compared to its average volume of 3,520,569. The firm has a market capitalization of $59.66 billion, a PE ratio of 20.10, a P/E/G ratio of 0.78 and a beta of 1.80. The company has a 50 day moving average price of $229.88 and a 200-day moving average price of $256.68. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 1.36. NXP Semiconductors has a 1-year low of $183.00 and a 1-year high of $339.95.
NXP Semiconductors (NASDAQ:NXPI – Get Free Report) last issued its earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 EPS for the quarter, beating the consensus estimate of $3.52 by $0.09. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%. The company had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same period last year, the business posted $2.72 EPS. The firm’s revenue for the quarter was up 19.5% compared to the same quarter last year. As a group, equities research analysts expect that NXP Semiconductors will post 13.75 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, EVP Andrew Micallef sold 1,000 shares of the stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $226.04, for a total value of $226,040.00. Following the completion of the sale, the executive vice president directly owned 7,942 shares of the company’s stock, valued at $1,795,209.68. This represents a 11.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher Jensen sold 3,355 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $240.00, for a total value of $805,200.00. Following the completion of the transaction, the executive vice president owned 288 shares in the company, valued at $69,120. This represents a 92.09% 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. Insiders own 0.05% of the company’s stock.
Institutional Investors Weigh In On NXP Semiconductors
A number of institutional investors and hedge funds have recently bought and sold shares of NXPI. Net Worth Advisory Group bought a new stake in NXP Semiconductors during the third quarter worth $597,000. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new position in NXP Semiconductors in the third quarter worth $8,302,000. Drum Hill Capital LLC purchased a new position in NXP Semiconductors in the third quarter worth $2,307,000. CWA Asset Management Group LLC bought a new position in NXP Semiconductors in the 3rd quarter valued at $4,374,000. Finally, Investment Research Partners LLC bought a new position in NXP Semiconductors in the 3rd quarter valued at $208,000. 90.54% of the stock is owned by hedge funds and other institutional investors.
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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