NXP Semiconductors (NASDAQ:NXPI) Price Target Lowered to $175.00 at Piper Sandler

NXP Semiconductors (NASDAQ:NXPIGet Rating) had its price objective reduced by Piper Sandler from $210.00 to $175.00 in a report released on Tuesday morning, The Fly reports.

Other equities analysts have also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft dropped their target price on shares of NXP Semiconductors from $245.00 to $225.00 and set a buy rating for the company in a research report on Wednesday, April 20th. Zacks Investment Research cut shares of NXP Semiconductors from a hold rating to a sell rating and set a $188.00 target price for the company. in a research report on Thursday, April 21st. StockNews.com started coverage on shares of NXP Semiconductors in a research report on Thursday, March 31st. They issued a buy rating for the company. Bank of America boosted their target price on shares of NXP Semiconductors from $255.00 to $270.00 and gave the company a buy rating in a research report on Monday, January 10th. Finally, Raymond James boosted their target price on shares of NXP Semiconductors from $250.00 to $260.00 and gave the company an outperform rating in a research report on Wednesday, February 2nd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Hold and a consensus target price of $227.30.

Shares of NXP Semiconductors stock opened at $178.07 on Tuesday. NXP Semiconductors has a twelve month low of $164.75 and a twelve month high of $239.91. The company has a quick ratio of 1.65, a current ratio of 2.13 and a debt-to-equity ratio of 1.56. The company has a 50-day simple moving average of $179.93 and a two-hundred day simple moving average of $201.36. The stock has a market capitalization of $46.75 billion, a price-to-earnings ratio of 26.11, a price-to-earnings-growth ratio of 0.67 and a beta of 1.36.

NXP Semiconductors (NASDAQ:NXPIGet Rating) last issued its quarterly earnings data on Monday, January 31st. The semiconductor provider reported $2.79 earnings per share for the quarter, topping the consensus estimate of $2.67 by $0.12. NXP Semiconductors had a net margin of 16.91% and a return on equity of 34.33%. The business had revenue of $3.04 billion during the quarter, compared to analysts’ expectations of $3 billion. During the same quarter in the previous year, the company earned $2.43 EPS. On average, sell-side analysts anticipate that NXP Semiconductors will post 11.53 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Meiji Yasuda Asset Management Co Ltd. grew its holdings in NXP Semiconductors by 1.6% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,986 shares of the semiconductor provider’s stock worth $585,000 after acquiring an additional 46 shares during the last quarter. Valeo Financial Advisors LLC boosted its stake in shares of NXP Semiconductors by 2.0% in the 4th quarter. Valeo Financial Advisors LLC now owns 2,530 shares of the semiconductor provider’s stock valued at $576,000 after purchasing an additional 49 shares during the last quarter. Checchi Capital Advisers LLC boosted its stake in shares of NXP Semiconductors by 2.8% in the 4th quarter. Checchi Capital Advisers LLC now owns 1,807 shares of the semiconductor provider’s stock valued at $412,000 after purchasing an additional 50 shares during the last quarter. Midwest Professional Planners LTD. boosted its stake in shares of NXP Semiconductors by 2.1% in the 3rd quarter. Midwest Professional Planners LTD. now owns 2,498 shares of the semiconductor provider’s stock valued at $489,000 after purchasing an additional 52 shares during the last quarter. Finally, Allred Capital Management LLC boosted its stake in shares of NXP Semiconductors by 2.3% in the 4th quarter. Allred Capital Management LLC now owns 2,275 shares of the semiconductor provider’s stock valued at $518,000 after purchasing an additional 52 shares during the last quarter. 89.03% of the stock is currently owned by hedge funds and other institutional investors.

About NXP Semiconductors (Get Rating)

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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