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

NXP Semiconductors (NASDAQ:NXPI) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a report released on Monday.

A number of other research analysts also recently issued reports on the company. Needham & Company LLC decreased their price objective on NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Wells Fargo & Company began coverage on NXP Semiconductors in a research report on Friday, November 22nd. They set an “overweight” rating and a $250.00 price target for the company. The Goldman Sachs Group upgraded shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $260.00 to $257.00 in a report on Friday, January 10th. Barclays reduced their target price on shares of NXP Semiconductors from $330.00 to $280.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $270.00 target price on shares of NXP Semiconductors in a research report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $273.19.

NXP Semiconductors Stock Performance

Shares of NXPI opened at $210.63 on Monday. The firm has a market cap of $53.53 billion, a P/E ratio of 20.10, a PEG ratio of 4.37 and a beta of 1.47. NXP Semiconductors has a twelve month low of $201.58 and a twelve month 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 firm’s 50 day moving average price is $218.74 and its two-hundred day moving average price is $237.09.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, beating the consensus estimate of $3.43 by $0.02. The business had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.25 billion. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The firm’s revenue 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. On average, analysts forecast that NXP Semiconductors will post 11.33 EPS for the current fiscal year.

Hedge Funds Weigh In On NXP Semiconductors

Several institutional investors and hedge funds have recently modified their holdings of NXPI. ORG Wealth Partners LLC boosted its holdings in shares of NXP Semiconductors by 915.4% during the 4th quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock worth $27,000 after buying an additional 119 shares during the period. FSA Wealth Management LLC acquired a new stake in NXP Semiconductors during the third quarter worth approximately $33,000. Fortitude Family Office LLC lifted its position in NXP Semiconductors by 52.4% during the fourth quarter. Fortitude Family Office LLC now owns 218 shares of the semiconductor provider’s stock worth $45,000 after acquiring an additional 75 shares during the last quarter. Avior Wealth Management LLC boosted its holdings in shares of NXP Semiconductors by 182.1% during the third quarter. Avior Wealth Management LLC now owns 220 shares of the semiconductor provider’s stock worth $53,000 after acquiring an additional 142 shares during the period. Finally, Fairfield Financial Advisors LTD acquired a new position in shares of NXP Semiconductors in the second quarter valued at approximately $54,000. 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.