Susquehanna Lowers NXP Semiconductors (NASDAQ:NXPI) Price Target to $235.00

NXP Semiconductors (NASDAQ:NXPI) had its target price dropped by research analysts at Susquehanna from $250.00 to $235.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the semiconductor provider’s stock. Susquehanna’s price objective points to a potential upside of 6.88% from the stock’s current price.

Several other brokerages also recently commented on NXPI. Truist Financial cut their target price on NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Oppenheimer cut their price objective on NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. TD Cowen decreased their target price on shares of NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Morgan Stanley dropped their price target on shares of NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 6th. Finally, Stifel Nicolaus decreased their price objective on shares of NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating for the company in a research report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $270.85.

NXP Semiconductors Stock Performance

NASDAQ:NXPI opened at $219.88 on Wednesday. The stock’s 50-day moving average is $216.94 and its 200-day moving average is $234.94. NXP Semiconductors has a 1-year low of $202.25 and a 1-year high of $296.08. The company has a current ratio of 2.35, a quick ratio of 1.60 and a debt-to-equity ratio of 0.99. The stock has a market cap of $55.88 billion, a P/E ratio of 20.98, a price-to-earnings-growth ratio of 3.24 and a beta of 1.47.

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, topping analysts’ consensus estimates of $3.43 by $0.02. The firm had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.25 billion. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The company’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.31 EPS. Equities research analysts anticipate that NXP Semiconductors will post 11.33 earnings per share for the current year.

Institutional Investors Weigh In On NXP Semiconductors

A number of institutional investors and hedge funds have recently made changes to their positions in NXPI. Benjamin F. Edwards & Company Inc. raised its stake in shares of NXP Semiconductors by 9.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 627 shares of the semiconductor provider’s stock worth $169,000 after purchasing an additional 54 shares during the last quarter. Sei Investments Co. raised its position in NXP Semiconductors by 31.1% in the 2nd quarter. Sei Investments Co. now owns 78,034 shares of the semiconductor provider’s stock valued at $20,998,000 after buying an additional 18,529 shares during the last quarter. Thrivent Financial for Lutherans raised its position in NXP Semiconductors by 7.5% in the 2nd quarter. Thrivent Financial for Lutherans now owns 13,696 shares of the semiconductor provider’s stock valued at $3,685,000 after buying an additional 956 shares during the last quarter. 1832 Asset Management L.P. lifted its stake in NXP Semiconductors by 13.6% during the 2nd quarter. 1832 Asset Management L.P. now owns 6,055 shares of the semiconductor provider’s stock valued at $1,629,000 after acquiring an additional 725 shares in the last quarter. Finally, Public Sector Pension Investment Board boosted its holdings in NXP Semiconductors by 71.4% during the 2nd quarter. Public Sector Pension Investment Board now owns 9,725 shares of the semiconductor provider’s stock worth $2,617,000 after acquiring an additional 4,052 shares during the last quarter. Institutional investors and hedge funds 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.