NXP Semiconductors (NASDAQ:NXPI) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded NXP Semiconductors from “buy” to “hold.” Despite the downgrade, the broader analyst consensus remains “Moderate Buy,” with 16 Buy, nine Hold, and one Sell rating and an average price target of $304.91.
• NXP shares opened at $229.33, well below their 52-week high of $339.95. The company recently exceeded quarterly expectations, reporting $3.61 in EPS and $3.50 billion in revenue, with revenue up 19.5% year over year.
• Institutional investors own 90.54% of NXP’s stock, while two executives recently sold shares under pre-arranged Rule 10b5-1 plans. Insiders collectively own only 0.05% of the company.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Saturday, Wall Street Zen reports.

NXPI has been the topic of several other reports. Citigroup restated a "neutral" rating on shares of NXP Semiconductors in a research report on Monday, July 13th. TD Cowen decreased their price objective on NXP Semiconductors from $340.00 to $290.00 and set a "buy" rating on the stock in a report on Wednesday, July 29th. Weiss Ratings restated a "hold (c+)" rating on shares of NXP Semiconductors in a research report on Friday, July 31st. Stifel Nicolaus cut their target price on NXP Semiconductors from $282.00 to $265.00 and set a "hold" rating for the company in a research note on Monday, October 5th. Finally, Morgan Stanley raised their target price on NXP Semiconductors from $335.00 to $338.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 29th. Sixteen equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $304.91.

NXP Semiconductors Stock Down 0.8%

NXP Semiconductors stock opened at $229.33 on Friday. The firm has a market cap of $57.83 billion, a price-to-earnings ratio of 19.89, a P/E/G ratio of 0.78 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 fifty-two week low of $183.00 and a fifty-two week high of $339.95. The firm has a fifty day moving average price of $229.94 and a two-hundred day moving average price of $255.96.

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 (EPS) for the quarter, beating analysts' consensus estimates of $3.52 by $0.09. The company had revenue of $3.50 billion during 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% compared to the same quarter last year. During the same period in the prior year, the company earned $2.72 earnings per share. As a group, analysts forecast that NXP Semiconductors will post 13.75 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Christopher Jensen sold 3,355 shares of the company's stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $240.00, for a total transaction of $805,200.00. Following the transaction, the executive vice president owned 288 shares of the company's stock, valued at $69,120. This represents a 92.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the firm's stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $226.04, for a total transaction of $226,040.00. Following the completion of 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 position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.05% of the company's stock.

Hedge Funds Weigh In On NXP Semiconductors

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Ieq Capital LLC acquired a new position in NXP Semiconductors in the second quarter valued at about $1,208,000. BlackRock Inc. bought a new position in NXP Semiconductors during the second quarter worth about $6,716,412,000. Private Wealth Partners LLC boosted its holdings in NXP Semiconductors by 203.6% during the first quarter. Private Wealth Partners LLC now owns 10,652 shares of the semiconductor provider's stock worth $2,097,000 after buying an additional 7,144 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new position in shares of NXP Semiconductors during the 2nd quarter worth about $36,657,000. Finally, Pure Financial Advisors LLC acquired a new position in shares of NXP Semiconductors during the 2nd quarter worth about $695,000. 90.54% of the stock is 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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