Weiss Ratings Reiterates "Hold (C)" Rating for NXP Semiconductors (NASDAQ:NXPI)

Key Points

• Weiss Ratings has reiterated a "Hold (C)" rating for NXP Semiconductors (NASDAQ:NXPI) in a recent research report.
• Multiple analysts have increased their target prices for NXP Semiconductors, with the consensus rating being a "Moderate Buy" and a target price of $257.06.
• Recent insider transactions saw CFO William Betz sell a significant portion of shares, reducing his ownership by 81.70%.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report)'s stock had its "hold (c)" rating restated by equities research analysts at Weiss Ratings in a research report issued to clients and investors on Saturday,Weiss Ratings reports.

Several other equities research analysts have also recently weighed in on the stock. Needham & Company LLC increased their target price on shares of NXP Semiconductors from $225.00 to $250.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. The Goldman Sachs Group assumed coverage on shares of NXP Semiconductors in a research note on Thursday, July 10th. They issued a "buy" rating and a $276.00 target price for the company. Truist Financial increased their target price on shares of NXP Semiconductors from $230.00 to $252.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. TD Cowen reduced their target price on shares of NXP Semiconductors from $270.00 to $260.00 and set a "buy" rating for the company in a research note on Friday, October 10th. Finally, KGI Securities upgraded shares of NXP Semiconductors to a "strong-buy" rating in a research note on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, NXP Semiconductors presently has a consensus rating of "Moderate Buy" and a consensus price target of $257.06.

NXP Semiconductors Stock Down 0.7%

NASDAQ NXPI opened at $219.16 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.20 and a current ratio of 1.74. The firm has a 50-day simple moving average of $225.15 and a 200 day simple moving average of $212.95. NXP Semiconductors has a twelve month low of $148.09 and a twelve month high of $256.62. The stock has a market cap of $55.25 billion, a PE ratio of 26.12, a PEG ratio of 2.48 and a beta of 1.44.

Insider Activity

In other news, CFO William Betz sold 6,785 shares of NXP Semiconductors stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $227.34, for a total value of $1,542,501.90. Following the completion of the transaction, the chief financial officer owned 1,520 shares in the company, valued at approximately $345,556.80. The trade was a 81.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $216.21, for a total transaction of $216,210.00. Following the completion of the transaction, the executive vice president owned 6,828 shares of the company's stock, valued at $1,476,281.88. This trade represents a 12.77% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,785 shares of company stock worth $2,197,852. Insiders own 0.12% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Hemington Wealth Management raised its position in NXP Semiconductors by 50.0% in the 1st quarter. Hemington Wealth Management now owns 177 shares of the semiconductor provider's stock worth $33,000 after purchasing an additional 59 shares during the last quarter. Brown Lisle Cummings Inc. raised its position in NXP Semiconductors by 121.7% in the 2nd quarter. Brown Lisle Cummings Inc. now owns 153 shares of the semiconductor provider's stock worth $33,000 after purchasing an additional 84 shares during the last quarter. Delos Wealth Advisors LLC bought a new position in NXP Semiconductors in the 2nd quarter worth approximately $35,000. Valley National Advisers Inc. raised its position in shares of NXP Semiconductors by 118.9% during the 1st quarter. Valley National Advisers Inc. now owns 232 shares of the semiconductor provider's stock valued at $43,000 after acquiring an additional 126 shares during the last quarter. Finally, True Wealth Design LLC raised its position in shares of NXP Semiconductors by 375.6% during the 2nd quarter. True Wealth Design LLC now owns 195 shares of the semiconductor provider's stock valued at $43,000 after acquiring an additional 154 shares during the last quarter. 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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