Susquehanna Trims NXP Semiconductors (NASDAQ:NXPI) Target Price to $200.00

NXP Semiconductors (NASDAQ:NXPIGet Rating) had its price objective cut by Susquehanna from $225.00 to $200.00 in a report issued on Wednesday, The Fly reports. The brokerage presently has a “neutral” rating on the semiconductor provider’s stock. Susquehanna’s price objective indicates a potential upside of 12.32% from the stock’s previous close.

Several other analysts have also recently issued reports on NXPI. Raymond James upped their target price on NXP Semiconductors from $250.00 to $260.00 and gave the company an “outperform” rating in a report on Wednesday, February 2nd. Mizuho upped their target price on NXP Semiconductors from $200.00 to $205.00 in a report on Wednesday. Barclays dropped their target price on NXP Semiconductors from $230.00 to $220.00 and set an “overweight” rating for the company in a report on Monday, April 25th. Bank of America upped their target price on NXP Semiconductors from $255.00 to $270.00 and gave the company a “buy” rating in a report on Monday, January 10th. Finally, Piper Sandler dropped their target price on NXP Semiconductors from $210.00 to $175.00 in a report on Tuesday. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $226.30.

NASDAQ NXPI opened at $178.07 on Wednesday. The business has a fifty day moving average price of $179.93 and a 200 day moving average price of $201.36. NXP Semiconductors has a one year low of $164.75 and a one year high of $239.91. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.65 and a current ratio of 2.13. The company has a market cap of $46.75 billion, a P/E ratio of 22.12, a P/E/G ratio of 0.67 and a beta of 1.36.

NXP Semiconductors (NASDAQ:NXPIGet Rating) last posted its quarterly earnings data on Monday, January 31st. The semiconductor provider reported $2.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.67 by $0.12. The firm had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $3 billion. NXP Semiconductors had a return on equity of 34.33% and a net margin of 16.91%. During the same period in the prior year, the company earned $2.43 EPS. As a group, sell-side analysts predict that NXP Semiconductors will post 11.53 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of NXPI. Norges Bank acquired a new position in NXP Semiconductors during the 4th quarter worth about $492,516,000. Pendal Group Ltd lifted its stake in NXP Semiconductors by 333.1% during the 4th quarter. Pendal Group Ltd now owns 2,763,425 shares of the semiconductor provider’s stock worth $629,453,000 after acquiring an additional 2,125,319 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in NXP Semiconductors in the 1st quarter valued at about $250,668,000. BlackRock Inc. raised its position in NXP Semiconductors by 3.4% in the 4th quarter. BlackRock Inc. now owns 23,341,781 shares of the semiconductor provider’s stock valued at $5,316,790,000 after purchasing an additional 764,512 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new stake in NXP Semiconductors in the 4th quarter valued at about $126,053,000. 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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