Susquehanna Has Lowered Expectations for NXP Semiconductors (NASDAQ:NXPI) Stock Price

NXP Semiconductors (NASDAQ:NXPI) had its price target decreased by equities research analysts at Susquehanna from $250.00 to $235.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the semiconductor provider’s stock. Susquehanna’s price objective would indicate a potential upside of 9.02% from the stock’s current price.

Several other research analysts also recently issued reports on the company. Barclays reduced their price objective on NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Wells Fargo & Company initiated coverage on NXP Semiconductors in a research report on Friday, November 22nd. They issued an “overweight” rating and a $250.00 price objective for the company. Morgan Stanley cut their target price 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. Citic Securities began coverage on shares of NXP Semiconductors in a research report on Friday, October 11th. They set a $288.00 price target for the company. Finally, Oppenheimer cut their price objective on shares of NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $270.85.

NXP Semiconductors Price Performance

NASDAQ:NXPI traded up $0.67 during trading hours on Wednesday, reaching $215.55. The company had a trading volume of 925,774 shares, compared to its average volume of 2,057,999. The firm has a market capitalization of $54.78 billion, a PE ratio of 20.60, a PEG ratio of 3.24 and a beta of 1.47. The company has a quick ratio of 1.60, a current ratio of 2.35 and a debt-to-equity ratio of 0.99. The stock has a 50-day moving average of $217.08 and a two-hundred day moving average of $235.07. NXP Semiconductors has a one year low of $202.25 and a one year high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, beating analysts’ consensus estimates of $3.43 by $0.02. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The firm 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 posted $3.31 EPS. The business’s revenue was down 5.4% on a year-over-year basis. Analysts forecast 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 have recently modified their holdings of NXPI. Benjamin F. Edwards & Company Inc. grew its stake in NXP Semiconductors by 9.4% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 627 shares of the semiconductor provider’s stock worth $169,000 after buying an additional 54 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of NXP Semiconductors by 31.1% during the 2nd quarter. Sei Investments Co. now owns 78,034 shares of the semiconductor provider’s stock worth $20,998,000 after acquiring an additional 18,529 shares during the period. Thrivent Financial for Lutherans boosted its position in shares of NXP Semiconductors by 7.5% during the 2nd quarter. Thrivent Financial for Lutherans now owns 13,696 shares of the semiconductor provider’s stock worth $3,685,000 after acquiring an additional 956 shares in the last quarter. 1832 Asset Management L.P. increased its stake in NXP Semiconductors by 13.6% in the second 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 during the last quarter. Finally, Public Sector Pension Investment Board raised its position in NXP Semiconductors by 71.4% during the second quarter. Public Sector Pension Investment Board now owns 9,725 shares of the semiconductor provider’s stock valued at $2,617,000 after purchasing an additional 4,052 shares in the last quarter. 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.