NXP Semiconductors (NASDAQ:NXPI) Stock Price Target Lowered at TD Cowen

Key Points

• TD Cowen lowered NXP Semiconductors’ price target from $290 to $275 while maintaining a “buy” rating, implying 19.47% potential upside from the stock’s $230.19 price.
• Analyst sentiment remains broadly positive: NXP has 16 Buy, 9 Hold, and 1 Sell rating, with a consensus “Moderate Buy” rating and average price target of $304.26.
• NXP exceeded quarterly expectations, reporting $3.61 in EPS and $3.50 billion in revenue, with revenue rising 19.5% year over year; institutional investors own 90.54% of the company.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) had its target price reduced by stock analysts at TD Cowen from $290.00 to $275.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has a "buy" rating on the semiconductor provider's stock. TD Cowen's price objective suggests a potential upside of 19.47% from the stock's current price.

A number of other equities research analysts also recently weighed in on NXPI. Susquehanna raised their price target on NXP Semiconductors from $210.00 to $250.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 21st. JPMorgan Chase & Co. increased their price objective on NXP Semiconductors from $295.00 to $300.00 and gave the stock a "neutral" rating in a report on Wednesday, July 29th. Morgan Stanley increased their price objective on NXP Semiconductors from $335.00 to $338.00 and gave the stock an "overweight" rating in a report on Wednesday, July 29th. Sanford C. Bernstein reaffirmed a "market perform" rating and set a $290.00 price objective (up from $270.00) on shares of NXP Semiconductors in a research report on Wednesday, July 29th. Finally, Stifel Nicolaus reduced their target price on shares of NXP Semiconductors from $282.00 to $265.00 and set a "hold" rating for the company in a research note on Monday, October 5th. Sixteen research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, NXP Semiconductors presently has an average rating of "Moderate Buy" and an average price target of $304.26.

NXP Semiconductors Trading Up 0.4%

NASDAQ NXPI opened at $230.19 on Monday. NXP Semiconductors has a 1-year low of $183.00 and a 1-year high of $339.95. The company has a current ratio of 2.04, a quick ratio of 1.36 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $58.04 billion, a PE ratio of 19.64, a price-to-earnings-growth ratio of 0.78 and a beta of 1.80. The firm's fifty day simple moving average is $229.88 and its 200-day simple moving average is $256.68.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.52 by $0.09. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%. The firm had revenue of $3.50 billion during the quarter, compared to analysts' expectations of $3.47 billion. During the same quarter last year, the firm earned $2.72 earnings per share. The business's revenue for the quarter was up 19.5% on a year-over-year basis. As a group, sell-side analysts anticipate that NXP Semiconductors will post 13.75 earnings per share for the current fiscal year.

Insider Transactions at NXP Semiconductors

In other NXP Semiconductors news, EVP Christopher Jensen sold 3,355 shares of the business's stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $240.00, for a total value of $805,200.00. Following the completion of the sale, the executive vice president owned 288 shares of the company's stock, valued at $69,120. The trade was a 92.09% decrease in their ownership of the stock. The sale was disclosed in a 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. Also, EVP Andrew Micallef sold 1,000 shares of the company's stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $226.04, for a total value of $226,040.00. Following the sale, the executive vice president owned 7,942 shares of the company's stock, valued at approximately $1,795,209.68. This trade represents a 11.18% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is owned by insiders.

Institutional Investors Weigh In On NXP Semiconductors

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC acquired a new position in NXP Semiconductors during the third quarter worth $1,126,000. Ieq Capital LLC acquired a new stake in shares of NXP Semiconductors in the 2nd quarter valued at $1,208,000. BlackRock Inc. acquired a new stake in shares of NXP Semiconductors in the 2nd quarter valued at $6,716,412,000. Private Wealth Partners LLC boosted its stake in shares of NXP Semiconductors by 203.6% in the 1st quarter. Private Wealth Partners LLC now owns 10,652 shares of the semiconductor provider's stock valued at $2,097,000 after purchasing an additional 7,144 shares in the last quarter. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of NXP Semiconductors in the 2nd quarter worth about $36,657,000. 90.54% of the stock is currently owned by institutional investors and hedge funds.

About NXP Semiconductors

NXP Semiconductors N.V. is a global semiconductor company that develops technologies for automotive, industrial, communications infrastructure, mobile, and Internet of Things applications. The company provides processing, connectivity, security, sensing, and power-management solutions that help enable connected and automated systems.

Its product portfolio includes microcontrollers and application processors, automotive networking and radar solutions, secure identification and authentication technologies, near-field communication products, radio-frequency power amplifiers, analog and mixed-signal devices, and wireless connectivity solutions.

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