Susquehanna Issues Pessimistic Forecast for NXP Semiconductors (NASDAQ:NXPI) Stock Price

NXP Semiconductors (NASDAQ:NXPI) had its price target dropped by equities research analysts at Susquehanna from $250.00 to $235.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the semiconductor provider’s stock. Susquehanna’s price target suggests a potential upside of 6.88% from the stock’s current price.

Several other brokerages have also issued reports on NXPI. Oppenheimer lowered their target price on NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Truist Financial dropped their price objective on shares of NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Barclays reduced their target price on shares of NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Cantor Fitzgerald restated an “overweight” rating and set a $270.00 price target on shares of NXP Semiconductors in a research note on Monday, November 4th. Finally, TD Cowen reduced their price objective on shares of NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating for the company in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $270.85.

NXP Semiconductors Trading Up 1.8 %

NASDAQ NXPI opened at $219.88 on Wednesday. The business’s fifty day moving average is $216.94 and its 200-day moving average is $234.94. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.35 and a quick ratio of 1.60. The stock has a market capitalization of $55.88 billion, a price-to-earnings ratio of 20.98, a PEG ratio of 3.24 and a beta of 1.47. NXP Semiconductors has a one year low of $202.25 and a one year high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, beating analysts’ consensus estimates of $3.43 by $0.02. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The firm had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.25 billion. During the same period in the previous year, the company earned $3.31 earnings per share. The company’s quarterly revenue was down 5.4% on a year-over-year basis. Equities research analysts predict that NXP Semiconductors will post 11.33 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of NXP Semiconductors by 9.4% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 627 shares of the semiconductor provider’s stock worth $169,000 after purchasing an additional 54 shares in the last quarter. Sei Investments Co. lifted its position in NXP Semiconductors by 31.1% in the 2nd quarter. Sei Investments Co. now owns 78,034 shares of the semiconductor provider’s stock worth $20,998,000 after buying an additional 18,529 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in NXP Semiconductors by 7.5% in the 2nd quarter. Thrivent Financial for Lutherans now owns 13,696 shares of the semiconductor provider’s stock worth $3,685,000 after buying an additional 956 shares during the last quarter. 1832 Asset Management L.P. grew its position in NXP Semiconductors by 13.6% during the second quarter. 1832 Asset Management L.P. now owns 6,055 shares of the semiconductor provider’s stock valued at $1,629,000 after acquiring an additional 725 shares during the last quarter. Finally, Public Sector Pension Investment Board grew its position in NXP Semiconductors by 71.4% during the second quarter. Public Sector Pension Investment Board now owns 9,725 shares of the semiconductor provider’s stock valued at $2,617,000 after acquiring an additional 4,052 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.