Barclays Has Lowered Expectations for NXP Semiconductors (NASDAQ:NXPI) Stock Price

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) had its target price lowered by research analysts at Barclays from $230.00 to $190.00 in a report released on Tuesday,Benzinga reports. The firm currently has an "overweight" rating on the semiconductor provider's stock. Barclays's price target suggests a potential downside of 1.83% from the company's previous close.

A number of other research firms have also recently commented on NXPI. StockNews.com cut NXP Semiconductors from a "buy" rating to a "hold" rating in a report on Wednesday, January 29th. Needham & Company LLC cut their target price on shares of NXP Semiconductors from $250.00 to $230.00 and set a "buy" rating for the company in a research note on Wednesday, February 5th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $250.00 price target on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Stifel Nicolaus cut their price objective on NXP Semiconductors from $210.00 to $170.00 and set a "hold" rating for the company in a research report on Thursday, April 17th. Finally, Morgan Stanley upgraded NXP Semiconductors from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $231.00 to $257.00 in a research report on Wednesday, February 12th. Four investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $258.10.

NXP Semiconductors Price Performance

NASDAQ:NXPI traded down $0.02 on Tuesday, reaching $193.55. 2,485,588 shares of the company's stock traded hands, compared to its average volume of 2,584,846. The stock has a 50-day simple moving average of $197.09 and a 200-day simple moving average of $213.02. NXP Semiconductors has a 12 month low of $148.09 and a 12 month high of $296.08. The firm has a market cap of $49.09 billion, a PE ratio of 19.89, a P/E/G ratio of 3.01 and a beta of 1.40. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09.

Insider Transactions at NXP Semiconductors

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $204.86, for a total value of $204,860.00. Following the sale, the chief operating officer now owns 8,828 shares in the company, valued at $1,808,504.08. This trade represents a 10.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.11% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in NXPI. Mather Group LLC. raised its stake in shares of NXP Semiconductors by 35.4% during the first quarter. Mather Group LLC. now owns 1,024 shares of the semiconductor provider's stock valued at $195,000 after acquiring an additional 268 shares in the last quarter. Alta Advisers Ltd bought a new stake in NXP Semiconductors during the 1st quarter valued at $255,000. J.Safra Asset Management Corp lifted its holdings in shares of NXP Semiconductors by 71.1% in the 1st quarter. J.Safra Asset Management Corp now owns 1,932 shares of the semiconductor provider's stock worth $367,000 after buying an additional 803 shares during the period. Westside Investment Management Inc. increased its stake in shares of NXP Semiconductors by 60.3% during the first quarter. Westside Investment Management Inc. now owns 1,000 shares of the semiconductor provider's stock valued at $190,000 after buying an additional 376 shares during the period. Finally, Canandaigua National Bank & Trust Co. raised its holdings in shares of NXP Semiconductors by 23.6% in the first quarter. Canandaigua National Bank & Trust Co. now owns 3,908 shares of the semiconductor provider's stock valued at $743,000 after acquiring an additional 746 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company's stock.

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.