NXP Semiconductors (NASDAQ:NXPI) Given New $265.00 Price Target at Stifel Nicolaus

Key Points

• Stifel Nicolaus lowered NXP Semiconductors’ price target to $265 from $282 and maintained a “hold” rating, implying 8.76% upside from the $243.66 share price.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average target of $304.91; 16 analysts rate the stock a Buy, nine Hold, and one Sell.
• NXP’s latest quarterly results exceeded expectations, with earnings of $3.61 per share and revenue of $3.50 billion, while revenue increased 19.5% year over year.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) had its price objective decreased by equities research analysts at Stifel Nicolaus from $282.00 to $265.00 in a report released on Monday, Benzinga reports. The firm currently has a "hold" rating on the semiconductor provider's stock. Stifel Nicolaus' price target suggests a potential upside of 8.76% from the company's current price.

Several other analysts have also recently weighed in on NXPI. Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $290.00 price target (up from $270.00) on shares of NXP Semiconductors in a report on Wednesday, July 29th. Bank of America reissued a "neutral" rating on shares of NXP Semiconductors in a report on Wednesday, July 29th. Wells Fargo & Company decreased their price objective on shares of NXP Semiconductors from $290.00 to $280.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 29th. Oppenheimer raised their target price on shares of NXP Semiconductors from $300.00 to $325.00 and gave the company an "outperform" rating in a research note on Friday, July 24th. Finally, Cantor Fitzgerald reiterated an "overweight" rating on shares of NXP Semiconductors in a research report on Tuesday, September 8th. Sixteen investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $304.91.

NXP Semiconductors Price Performance

Shares of NASDAQ:NXPI opened at $243.66 on Monday. The firm has a fifty day moving average price of $231.82 and a two-hundred day moving average price of $253.77. The company has a market cap of $61.44 billion, a price-to-earnings ratio of 20.79, a PEG ratio of 0.83 and a beta of 1.80. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 1.36. NXP Semiconductors has a one year low of $183.00 and a one year high of $339.95.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share for the quarter, topping the consensus estimate of $3.52 by $0.09. The firm had revenue of $3.50 billion for the quarter, compared to analysts' expectations of $3.47 billion. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. The business's quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.72 earnings per share. Analysts anticipate that NXP Semiconductors will post 13.73 EPS for the current fiscal year.

Insider Transactions at NXP Semiconductors

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $226.04, for a total transaction of $226,040.00. Following the transaction, the executive vice president directly owned 7,942 shares in the company, valued at $1,795,209.68. This trade represents a 11.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On NXP Semiconductors

A number of hedge funds have recently made changes to their positions in NXPI. MCF Advisors LLC boosted its holdings in NXP Semiconductors by 25.3% in the fourth quarter. MCF Advisors LLC now owns 213 shares of the semiconductor provider's stock worth $46,000 after acquiring an additional 43 shares in the last quarter. Gamco Investors INC. ET AL grew its stake in shares of NXP Semiconductors by 2.0% in the first quarter. Gamco Investors INC. ET AL now owns 2,305 shares of the semiconductor provider's stock worth $454,000 after acquiring an additional 45 shares during the last quarter. CNB Bank increased its holdings in shares of NXP Semiconductors by 48.8% during the fourth quarter. CNB Bank now owns 180 shares of the semiconductor provider's stock valued at $39,000 after acquiring an additional 59 shares in the last quarter. Ballast Advisors LLC increased its holdings in shares of NXP Semiconductors by 0.7% during the first quarter. Ballast Advisors LLC now owns 9,078 shares of the semiconductor provider's stock valued at $1,787,000 after acquiring an additional 61 shares in the last quarter. Finally, Chicago Partners Investment Group LLC raised its position in shares of NXP Semiconductors by 6.1% in the 1st quarter. Chicago Partners Investment Group LLC now owns 1,200 shares of the semiconductor provider's stock worth $236,000 after purchasing an additional 69 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors.

About NXP Semiconductors

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands. The company develops and supplies secure connectivity and processing solutions for automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure applications.

Its product portfolio includes microcontrollers and application processors, automotive networking and processing chips, analog and power-management devices, radio-frequency and wireless connectivity products, sensors, and embedded security solutions.

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