Needham & Company LLC Has Lowered Expectations for NXP Semiconductors (NASDAQ:NXPI) Stock Price

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) had its target price decreased by stock analysts at Needham & Company LLC from $230.00 to $225.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a "buy" rating on the semiconductor provider's stock. Needham & Company LLC's price target suggests a potential upside of 20.02% from the company's previous close.

A number of other analysts have also weighed in on the company. Citigroup reduced their target price on NXP Semiconductors from $290.00 to $220.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Mizuho raised their price objective on NXP Semiconductors from $240.00 to $255.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. Stifel Nicolaus cut their price target on NXP Semiconductors from $210.00 to $170.00 and set a "hold" rating on the stock in a research note on Thursday, April 17th. Arete Research raised shares of NXP Semiconductors to a "strong-buy" rating in a research note on Tuesday, March 25th. Finally, Susquehanna cut their target price on shares of NXP Semiconductors from $235.00 to $225.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 5th. 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 company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $250.37.

NXP Semiconductors Trading Up 3.1 %

Shares of NASDAQ:NXPI traded up $5.62 during trading on Tuesday, hitting $187.46. The company had a trading volume of 653,589 shares, compared to its average volume of 2,593,151. The stock has a market cap of $47.54 billion, a price-to-earnings ratio of 19.27, a price-to-earnings-growth ratio of 3.01 and a beta of 1.40. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. The company has a fifty day simple moving average of $192.76 and a two-hundred day simple moving average of $211.74. NXP Semiconductors has a one year low of $148.09 and a one year high of $296.08.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced its earnings results on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.05. NXP Semiconductors had a net margin of 19.90% and a return on equity of 31.45%. The business had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter in the prior year, the firm posted $3.24 earnings per share. The business's revenue for the quarter was down 9.3% on a year-over-year basis. As a group, equities analysts forecast that NXP Semiconductors will post 10.28 earnings per share for the current year.

Insider Buying and Selling at NXP Semiconductors

In other news, COO Andrew Micallef sold 1,000 shares of the business's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $204.86, for a total transaction of $204,860.00. Following the sale, the chief operating officer now owns 8,828 shares in the company, valued at approximately $1,808,504.08. The trade was a 10.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.11% of the stock is currently owned by company insiders.

Institutional Trading of NXP Semiconductors

A number of institutional investors have recently bought and sold shares of NXPI. ORG Wealth Partners LLC lifted its stake in shares of NXP Semiconductors by 915.4% during the fourth quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider's stock worth $27,000 after buying an additional 119 shares during the period. Sound Income Strategies LLC raised its stake in NXP Semiconductors by 169.2% in the 4th quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider's stock worth $29,000 after acquiring an additional 88 shares during the last quarter. Smithfield Trust Co acquired a new stake in NXP Semiconductors during the 4th quarter worth about $32,000. Runnymede Capital Advisors Inc. purchased a new stake in NXP Semiconductors during the 4th quarter valued at about $32,000. Finally, Brooklyn Investment Group increased its holdings in shares of NXP Semiconductors by 69.5% in the fourth quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider's stock valued at $33,000 after purchasing an additional 66 shares during the period. 90.54% of the stock is currently owned by institutional investors and hedge funds.

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.