NXP Semiconductors (NASDAQ:NXPI) Stock Rating Lowered by Wall Street Zen

NXP Semiconductors (NASDAQ:NXPI) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

Several other equities analysts also recently issued reports on the company. UBS Group reissued a “neutral” rating and issued a $270.00 target price (down from $305.00) on shares of NXP Semiconductors in a research report on Monday, August 3rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of NXP Semiconductors in a research note on Friday, July 31st. Bank of America reissued a “neutral” rating on shares of NXP Semiconductors in a report on Wednesday, July 29th. Wells Fargo & Company reduced their price objective on NXP Semiconductors from $290.00 to $280.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 29th. Finally, Morgan Stanley lifted their target price on NXP Semiconductors from $335.00 to $338.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Sixteen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, NXP Semiconductors presently has an average rating of “Moderate Buy” and a consensus price target of $305.43.

NXP Semiconductors Price Performance

Shares of NASDAQ NXPI opened at $223.58 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.36 and a current ratio of 2.04. The company has a market cap of $56.38 billion, a PE ratio of 19.08, a P/E/G ratio of 0.76 and a beta of 1.81. The business has a 50-day simple moving average of $257.48 and a two-hundred day simple moving average of $252.48. NXP Semiconductors has a fifty-two week low of $183.00 and a fifty-two week high of $339.95.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.52 by $0.09. The firm had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.47 billion. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. The company’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.72 earnings per share. As a group, equities analysts expect that NXP Semiconductors will post 13.73 EPS for the current fiscal year.

Insider Activity at NXP Semiconductors

In other news, EVP Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $315.57, for a total transaction of $315,570.00. Following the sale, the executive vice president owned 8,942 shares of the company’s stock, valued at $2,821,826.94. This trade represents a 10.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is owned by insiders.

Institutional Trading of NXP Semiconductors

A number of hedge funds have recently added to or reduced their stakes in NXPI. Brighton Jones LLC boosted its stake in shares of NXP Semiconductors by 20.6% during the 4th quarter. Brighton Jones LLC now owns 1,276 shares of the semiconductor provider’s stock worth $265,000 after acquiring an additional 218 shares in the last quarter. NewEdge Advisors LLC boosted its position in NXP Semiconductors by 3.4% during the first quarter. NewEdge Advisors LLC now owns 7,021 shares of the semiconductor provider’s stock worth $1,334,000 after purchasing an additional 234 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in NXP Semiconductors by 31.7% during the second quarter. EverSource Wealth Advisors LLC now owns 777 shares of the semiconductor provider’s stock worth $170,000 after purchasing an additional 187 shares in the last quarter. Marshall Wace LLP grew its holdings in NXP Semiconductors by 887.0% in the second quarter. Marshall Wace LLP now owns 36,659 shares of the semiconductor provider’s stock valued at $8,010,000 after purchasing an additional 32,945 shares during the period. Finally, Gamco Investors INC. ET AL acquired a new position in shares of NXP Semiconductors during the 2nd quarter worth approximately $555,000. 90.54% of the stock is owned by hedge funds and other institutional investors.

About NXP Semiconductors

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.