Barclays Forecasts Strong Price Appreciation for NXP Semiconductors (NASDAQ:NXPI) Stock

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) had its target price boosted by equities researchers at Barclays from $190.00 to $220.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an "overweight" rating on the semiconductor provider's stock. Barclays's price objective suggests a potential downside of 3.51% from the company's previous close.

Several other equities analysts also recently issued reports on NXPI. Stifel Nicolaus upped their price objective on shares of NXP Semiconductors from $170.00 to $210.00 and gave the company a "hold" rating in a report on Friday. TD Cowen raised their price objective on NXP Semiconductors from $185.00 to $210.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Needham & Company LLC lifted their price target on NXP Semiconductors from $225.00 to $250.00 and gave the stock a "buy" rating in a report on Tuesday. Morgan Stanley set a $229.00 price objective on NXP Semiconductors in a research report on Monday, April 21st. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $250.00 price objective on shares of NXP Semiconductors in a research report on Tuesday. Four research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $256.63.

NXP Semiconductors Price Performance

NXPI traded down $0.27 during trading on Tuesday, reaching $228.00. The stock had a trading volume of 5,773,997 shares, compared to its average volume of 2,796,917. The stock has a 50 day moving average of $213.64 and a two-hundred day moving average of $205.95. The company has a quick ratio of 1.47, a current ratio of 2.09 and a debt-to-equity ratio of 1.10. NXP Semiconductors has a 1-year low of $148.09 and a 1-year high of $284.75. The firm has a market capitalization of $57.60 billion, a price-to-earnings ratio of 24.84, a price-to-earnings-growth ratio of 2.82 and a beta of 1.40.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced its quarterly earnings results on Monday, July 21st. The semiconductor provider reported $2.72 earnings per share for the quarter, topping analysts' consensus estimates of $2.66 by $0.06. NXP Semiconductors had a net margin of 19.16% and a return on equity of 29.62%. The company had revenue of $2.93 billion for the quarter, compared to analysts' expectations of $2.90 billion. During the same period last year, the firm posted $3.20 earnings per share. The business's quarterly revenue was down 6.4% compared to the same quarter last year. As a group, equities analysts anticipate that NXP Semiconductors will post 10.28 EPS for the current fiscal year.

Insider Transactions at NXP Semiconductors

In related news, EVP Jennifer Wuamett sold 9,132 shares of the firm's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $230.00, for a total value of $2,100,360.00. Following the transaction, the executive vice president owned 27,088 shares in the company, valued at approximately $6,230,240. This trade represents a 25.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.12% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On NXP Semiconductors

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NXPI. Norges Bank acquired a new position in shares of NXP Semiconductors during the 4th quarter worth approximately $672,224,000. Wellington Management Group LLP increased its position in NXP Semiconductors by 11.7% during the first quarter. Wellington Management Group LLP now owns 12,731,044 shares of the semiconductor provider's stock worth $2,419,662,000 after buying an additional 1,330,474 shares in the last quarter. Nuveen LLC acquired a new position in shares of NXP Semiconductors during the first quarter worth about $219,878,000. Price T Rowe Associates Inc. MD raised its stake in NXP Semiconductors by 33.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,342,675 shares of the semiconductor provider's stock valued at $635,310,000 after buying an additional 839,113 shares in the last quarter. Finally, Voloridge Investment Management LLC boosted its stake in NXP Semiconductors by 131.4% during the 4th quarter. Voloridge Investment Management LLC now owns 1,025,517 shares of the semiconductor provider's stock valued at $213,154,000 after purchasing an additional 582,317 shares in the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

NXP Semiconductors Company Profile

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.

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