NXP Semiconductors (NASDAQ:NXPI) Given New $250.00 Price Target at UBS Group

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) had its price objective decreased by analysts at UBS Group from $265.00 to $250.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has a "buy" rating on the semiconductor provider's stock. UBS Group's price objective would suggest a potential upside of 38.09% from the stock's previous close.

Other research analysts also recently issued reports about the stock. Susquehanna decreased their price target on shares of NXP Semiconductors from $235.00 to $225.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 5th. TD Cowen upped their price target on shares of NXP Semiconductors from $185.00 to $210.00 and gave the company a "buy" rating in a research report on Wednesday. Morgan Stanley set a $229.00 price objective on NXP Semiconductors in a report on Monday, April 21st. Barclays reduced their price target on NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $252.85.

NXP Semiconductors Price Performance

NXP Semiconductors stock traded down $1.57 during midday trading on Wednesday, reaching $181.05. 730,914 shares of the stock were exchanged, compared to its average volume of 2,600,821. NXP Semiconductors has a 52 week low of $148.09 and a 52 week high of $296.08. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36. The firm has a market cap of $45.92 billion, a PE ratio of 18.58, a PEG ratio of 3.01 and a beta of 1.40. The company's fifty day moving average is $194.84 and its 200-day moving average is $212.35.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share for the quarter, topping 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 company had revenue of $2.84 billion for the quarter, compared to analysts' expectations of $2.83 billion. During the same period in the prior year, the business earned $3.24 earnings per share. NXP Semiconductors's revenue for the quarter was down 9.3% compared to the same quarter last year. On average, sell-side analysts forecast that NXP Semiconductors will post 10.28 EPS for the current year.

Insider Transactions at NXP Semiconductors

In other news, COO Andrew Micallef sold 1,000 shares of the company's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $204.86, for a total value of $204,860.00. Following the transaction, the chief operating officer now owns 8,828 shares in the company, valued at approximately $1,808,504.08. This represents a 10.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.11% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of NXPI. ORG Wealth Partners LLC raised its position in NXP Semiconductors by 915.4% in the 4th 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 last quarter. Sound Income Strategies LLC grew its stake in shares of NXP Semiconductors by 169.2% in the fourth 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 period. Smithfield Trust Co purchased a new position in shares of NXP Semiconductors during the fourth quarter valued at approximately $32,000. Runnymede Capital Advisors Inc. bought a new position in NXP Semiconductors during the fourth quarter valued at approximately $32,000. Finally, Brooklyn Investment Group boosted its holdings in NXP Semiconductors by 69.5% in the fourth quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider's stock worth $33,000 after purchasing an additional 66 shares during 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.

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