NXP Semiconductors (NASDAQ:NXPI) Price Target Lowered to $231.00 at Morgan Stanley

NXP Semiconductors (NASDAQ:NXPI) had its price target reduced by stock analysts at Morgan Stanley from $235.00 to $231.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the semiconductor provider’s stock. Morgan Stanley’s price target indicates a potential upside of 14.13% from the company’s current price.

A number of other research analysts have also issued reports on NXPI. Truist Financial reduced their price objective on NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Evercore ISI dropped their price objective on shares of NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. The Goldman Sachs Group raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and reduced their target price for the company from $260.00 to $257.00 in a research note on Friday, January 10th. Wells Fargo & Company started coverage on shares of NXP Semiconductors in a research note on Friday, November 22nd. They issued an “overweight” rating and a $250.00 price target on the stock. Finally, Loop Capital began coverage on NXP Semiconductors in a research report on Monday, November 11th. They set a “buy” rating and a $300.00 price objective for the company. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, NXP Semiconductors currently has an average rating of “Moderate Buy” and a consensus target price of $268.15.

NXP Semiconductors Stock Performance

NXP Semiconductors stock opened at $202.40 on Wednesday. The company has a fifty day moving average price of $214.68 and a two-hundred day moving average price of $230.36. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.35 and a quick ratio of 1.60. NXP Semiconductors has a 12 month low of $198.21 and a 12 month high of $296.08. The company has a market cap of $51.44 billion, a PE ratio of 19.31, a P/E/G ratio of 3.14 and a beta of 1.46.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $3.25 billion. During the same quarter in the prior year, the business earned $3.31 earnings per share. NXP Semiconductors’s quarterly revenue was down 5.4% on a year-over-year basis. Research analysts expect that NXP Semiconductors will post 11.33 earnings per share for the current year.

Hedge Funds Weigh In On NXP Semiconductors

A number of institutional investors have recently bought and sold shares of the stock. ORG Wealth Partners LLC boosted its holdings in shares of NXP Semiconductors by 915.4% in 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. FSA Wealth Management LLC purchased a new stake in shares of NXP Semiconductors in the 3rd quarter valued at approximately $33,000. Sound Income Strategies LLC grew its position in NXP Semiconductors by 169.2% during the 4th quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock worth $29,000 after purchasing an additional 88 shares in the last quarter. Brooklyn Investment Group lifted 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 in the last quarter. Finally, Fortitude Family Office LLC grew its holdings in shares of NXP Semiconductors by 52.4% during the fourth quarter. Fortitude Family Office LLC now owns 218 shares of the semiconductor provider’s stock valued at $45,000 after buying an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

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.