NXP Semiconductors (NASDAQ:NXPI) Rating Lowered to Hold at 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 note issued to investors on Tuesday.

NXPI has been the topic of several other reports. JPMorgan Chase & Co. upped their price objective on shares of NXP Semiconductors from $220.00 to $240.00 and gave the company a “neutral” rating in a report on Wednesday, February 7th. Wolfe Research upgraded shares of NXP Semiconductors from a “peer perform” rating to an “outperform” rating and set a $255.00 price objective on the stock in a report on Thursday, January 18th. Truist Financial upped their price objective on shares of NXP Semiconductors from $264.00 to $265.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Mizuho upped their price objective on shares of NXP Semiconductors from $220.00 to $225.00 and gave the company a “neutral” rating in a report on Wednesday, February 7th. Finally, Morgan Stanley upped their price objective on shares of NXP Semiconductors from $221.00 to $224.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $242.29.

NXP Semiconductors Stock Performance

NASDAQ NXPI traded up $9.06 on Tuesday, hitting $256.19. 4,799,059 shares of the stock were exchanged, compared to its average volume of 2,386,966. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.91 and a quick ratio of 1.39. The business’s fifty day moving average is $242.00 and its 200 day moving average is $220.72. NXP Semiconductors has a 52 week low of $161.23 and a 52 week high of $264.26. The company has a market capitalization of $65.61 billion, a PE ratio of 23.92, a P/E/G ratio of 0.92 and a beta of 1.59.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.33 by $0.04. NXP Semiconductors had a net margin of 21.07% and a return on equity of 38.94%. The firm had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.40 billion. Research analysts anticipate that NXP Semiconductors will post 12.21 EPS for the current fiscal year.

Institutional Investors Weigh In On NXP Semiconductors

A number of large investors have recently bought and sold shares of the company. Norden Group LLC acquired a new stake in NXP Semiconductors during the first quarter worth about $1,775,000. Van ECK Associates Corp grew its stake in NXP Semiconductors by 24.6% during the first quarter. Van ECK Associates Corp now owns 1,644,696 shares of the semiconductor provider’s stock worth $407,506,000 after buying an additional 325,187 shares in the last quarter. SpiderRock Advisors LLC acquired a new stake in NXP Semiconductors during the first quarter worth about $356,000. WealthBridge Capital Management LLC acquired a new stake in NXP Semiconductors during the first quarter worth about $207,000. Finally, Vest Financial LLC bought a new position in shares of NXP Semiconductors in the first quarter worth about $358,000. 90.54% of the stock is currently owned by institutional investors and hedge funds.

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.