Morgan Stanley Lowers NXP Semiconductors (NASDAQ:NXPI) Price Target to $231.00

NXP Semiconductors (NASDAQ:NXPI) had its price objective cut by equities researchers at Morgan Stanley from $235.00 to $231.00 in a report issued on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the semiconductor provider’s stock. Morgan Stanley’s price objective would suggest a potential upside of 14.13% from the company’s current price.

NXPI has been the subject of a number of other research reports. Susquehanna reduced their target price on NXP Semiconductors from $250.00 to $235.00 and set a “neutral” rating for the company in a report on Wednesday, January 22nd. Stifel Nicolaus reduced 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 note on Thursday, October 17th. Oppenheimer reduced their price target 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. Truist Financial dropped their price objective on NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Finally, UBS Group reduced their price objective on NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $268.15.

NXP Semiconductors Stock Down 1.1 %

NXPI stock opened at $202.40 on Wednesday. NXP Semiconductors has a one year low of $198.21 and a one year high of $296.08. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.60 and a current ratio of 2.35. The company has a fifty day moving average of $214.68 and a 200-day moving average of $230.36. The stock has a market capitalization of $51.44 billion, a PE ratio of 19.31, a price-to-earnings-growth ratio of 3.14 and a beta of 1.46.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, beating the consensus estimate of $3.43 by $0.02. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The business had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.25 billion. During the same period last year, the firm earned $3.31 EPS. The company’s quarterly revenue was down 5.4% compared to the same quarter last year. As a group, analysts expect that NXP Semiconductors will post 11.33 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Crumly & Associates Inc. boosted its position in NXP Semiconductors by 2.0% during the 3rd quarter. Crumly & Associates Inc. now owns 2,274 shares of the semiconductor provider’s stock worth $546,000 after purchasing an additional 45 shares during the period. Sterling Investment Counsel LLC grew its position in NXP Semiconductors by 5.7% in the third quarter. Sterling Investment Counsel LLC now owns 850 shares of the semiconductor provider’s stock valued at $204,000 after acquiring an additional 46 shares in the last quarter. Ascent Group LLC raised its stake in shares of NXP Semiconductors by 0.4% during the third quarter. Ascent Group LLC now owns 12,498 shares of the semiconductor provider’s stock valued at $3,000,000 after purchasing an additional 46 shares during the period. Central Bank & Trust Co. boosted its stake in shares of NXP Semiconductors by 1.1% in the fourth quarter. Central Bank & Trust Co. now owns 4,412 shares of the semiconductor provider’s stock valued at $917,000 after purchasing an additional 48 shares during the period. Finally, Patrick M Sweeney & Associates Inc. boosted its stake in shares of NXP Semiconductors by 6.4% in the third quarter. Patrick M Sweeney & Associates Inc. now owns 864 shares of the semiconductor provider’s stock valued at $207,000 after purchasing an additional 52 shares during the period. Hedge funds and other institutional investors 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.