NXP Semiconductors' (NXPI) Neutral Rating Reaffirmed at Bank of America

Key Points

• Bank of America reaffirmed a Neutral rating and cut its price target to $230 (from $245), implying roughly a 12.5% upside from the prior close.
• The sell‑side consensus remains a Moderate Buy with an average price target of $252.83, but analyst actions are mixed—several firms trimmed targets while others, like Wells Fargo, raised theirs.
• NXP recently beat quarterly estimates (EPS $3.35 vs. $3.31; revenue $3.34B vs. $3.30B, +7.2% YoY), institutional investors own about 90.5% of the shares, and an EVP disclosed a small insider sale.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report)'s stock had its "neutral" rating reissued by research analysts at Bank of America in a research note issued to investors on Monday,Benzinga reports. They currently have a $230.00 price objective on the semiconductor provider's stock, down from their prior price objective of $245.00. Bank of America's price objective points to a potential upside of 12.54% from the stock's previous close.

A number of other analysts also recently weighed in on NXPI. Truist Financial dropped their target price on NXP Semiconductors from $265.00 to $255.00 and set a "buy" rating for the company in a research report on Tuesday, February 3rd. Citigroup lowered their price objective on NXP Semiconductors from $285.00 to $255.00 and set a "buy" rating for the company in a research report on Wednesday, February 4th. Wells Fargo & Company boosted their price objective on NXP Semiconductors from $260.00 to $265.00 and gave the company an "overweight" rating in a research report on Thursday, January 15th. Sanford C. Bernstein reiterated a "market perform" rating and issued a $240.00 price objective on shares of NXP Semiconductors in a research report on Wednesday, February 4th. Finally, TD Cowen lowered their price objective on NXP Semiconductors from $285.00 to $250.00 and set a "buy" rating for the company in a research report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $252.83.

NXP Semiconductors Stock Performance

NASDAQ:NXPI opened at $204.37 on Monday. The business has a 50 day moving average of $213.02 and a 200 day moving average of $217.25. The company has a market capitalization of $51.64 billion, a price-to-earnings ratio of 25.74, a PEG ratio of 0.91 and a beta of 1.46. NXP Semiconductors has a 1-year low of $158.66 and a 1-year high of $256.36. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.05 and a quick ratio of 1.38.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its earnings results on Tuesday, February 3rd. The semiconductor provider reported $3.35 earnings per share for the quarter, topping analysts' consensus estimates of $3.31 by $0.04. The company had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.30 billion. NXP Semiconductors had a return on equity of 26.72% and a net margin of 16.47%.NXP Semiconductors's quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.18 EPS. On average, sell-side analysts predict that NXP Semiconductors will post 10.28 earnings per share for the current fiscal year.

Insider Activity at NXP Semiconductors

In related news, EVP Andrew Micallef sold 1,000 shares of the company's stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $194.58, for a total transaction of $194,580.00. Following the completion of the transaction, the executive vice president owned 9,942 shares in the company, valued at $1,934,514.36. This represents a 9.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.12% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On NXP Semiconductors

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. JPL Wealth Management LLC purchased a new stake in NXP Semiconductors in the third quarter worth $26,000. SHP Wealth Management bought a new stake in NXP Semiconductors in the fourth quarter worth $27,000. CNB Bank purchased a new position in shares of NXP Semiconductors in the third quarter worth $28,000. Acumen Wealth Advisors LLC purchased a new position in shares of NXP Semiconductors in the fourth quarter worth $28,000. Finally, Jessup Wealth Management Inc purchased a new position in shares of NXP Semiconductors in the fourth quarter worth $29,000. Institutional investors own 90.54% of the company's stock.

NXP Semiconductors Company Profile

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP's offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.

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