NXP Semiconductors (NASDAQ:NXPI) Downgraded to “Hold” Rating by StockNews.com

NXP Semiconductors (NASDAQ:NXPI) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Monday.

Other analysts also recently issued research reports about the stock. Oppenheimer lowered their price objective on shares of NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. UBS Group lowered their price target on shares of NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Morgan Stanley cut their price objective on shares of NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 6th. Wells Fargo & Company began coverage on NXP Semiconductors in a research note on Friday, November 22nd. They set an “overweight” rating and a $250.00 target price for the company. Finally, Evercore ISI dropped their target price on NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $273.19.

NXP Semiconductors Trading Up 0.0 %

NASDAQ NXPI traded up $0.08 during mid-day trading on Monday, hitting $206.83. The company’s stock had a trading volume of 1,629,108 shares, compared to its average volume of 2,065,710. The firm has a market capitalization of $52.57 billion, a P/E ratio of 19.74, a price-to-earnings-growth ratio of 4.37 and a beta of 1.47. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.35 and a quick ratio of 1.60. NXP Semiconductors has a 52-week low of $201.58 and a 52-week high of $296.08. The stock’s fifty day simple moving average is $219.02 and its two-hundred day simple moving average is $237.50.

NXP Semiconductors (NASDAQ:NXPI) last posted its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, beating the consensus estimate of $3.43 by $0.02. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The business had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.25 billion. During the same quarter in the previous year, the business posted $3.31 EPS. The business’s quarterly revenue was down 5.4% on a year-over-year basis. Research analysts expect that NXP Semiconductors will post 11.33 EPS for the current year.

Hedge Funds Weigh In On NXP Semiconductors

Several hedge funds and other institutional investors have recently modified their holdings of NXPI. Federated Hermes Inc. grew its position in NXP Semiconductors by 33.5% in the 2nd quarter. Federated Hermes Inc. now owns 1,617 shares of the semiconductor provider’s stock worth $435,000 after purchasing an additional 406 shares during the last quarter. Wealthspire Advisors LLC boosted its position in shares of NXP Semiconductors by 4.1% during the second quarter. Wealthspire Advisors LLC now owns 1,530 shares of the semiconductor provider’s stock worth $412,000 after buying an additional 60 shares during the period. Oppenheimer Asset Management Inc. grew its holdings in NXP Semiconductors by 11.8% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 29,004 shares of the semiconductor provider’s stock worth $7,805,000 after buying an additional 3,059 shares in the last quarter. Envestnet Asset Management Inc. increased its position in NXP Semiconductors by 2.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 435,567 shares of the semiconductor provider’s stock valued at $117,207,000 after acquiring an additional 10,142 shares during the period. Finally, Brown Brothers Harriman & Co. raised its stake in NXP Semiconductors by 3,072.5% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 3,807 shares of the semiconductor provider’s stock valued at $1,024,000 after acquiring an additional 3,687 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Company Profile

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.