NXP Semiconductors (NASDAQ:NXPI) Price Target Lowered to $230.00 at Barclays

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) had its price target decreased by investment analysts at Barclays from $280.00 to $230.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has an "overweight" rating on the semiconductor provider's stock. Barclays's price target would suggest a potential upside of 6.80% from the company's previous close.

A number of other equities research analysts have also recently commented on the stock. Cantor Fitzgerald reiterated an "overweight" rating and issued a $270.00 target price on shares of NXP Semiconductors in a research report on Monday, November 4th. Loop Capital initiated coverage on NXP Semiconductors in a research note on Monday, November 11th. They issued a "buy" rating and a $300.00 price target on the stock. TD Cowen lowered 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 report on Friday, November 8th. StockNews.com lowered shares of NXP Semiconductors from a "buy" rating to a "hold" rating in a research note on Monday, January 13th. Finally, The Goldman Sachs Group upgraded shares of NXP Semiconductors from a "neutral" rating to a "buy" rating and reduced their target price for the stock from $260.00 to $257.00 in a report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $270.81.

NXP Semiconductors Stock Performance

NASDAQ NXPI traded up $4.60 on Friday, reaching $215.36. 1,921,230 shares of the company's stock traded hands, compared to its average volume of 1,984,350. NXP Semiconductors has a fifty-two week low of $202.25 and a fifty-two week high of $296.08. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.60 and a current ratio of 2.35. The firm has a market cap of $54.74 billion, a price-to-earnings ratio of 20.55, a P/E/G ratio of 3.11 and a beta of 1.47. The stock has a 50 day moving average price of $217.51 and a 200-day moving average price of $236.39.

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

Hedge Funds Weigh In On NXP Semiconductors

Several large investors have recently added to or reduced their stakes in NXPI. Federated Hermes Inc. boosted its holdings in shares of NXP Semiconductors by 33.5% in the 2nd quarter. Federated Hermes Inc. now owns 1,617 shares of the semiconductor provider's stock valued at $435,000 after purchasing an additional 406 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in NXP Semiconductors during the second quarter worth about $258,000. Mercer Global Advisors Inc. ADV raised its holdings in shares of NXP Semiconductors by 2.2% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 19,699 shares of the semiconductor provider's stock worth $5,301,000 after purchasing an additional 425 shares during the period. Vanguard Personalized Indexing Management LLC lifted its stake in shares of NXP Semiconductors by 14.6% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 12,803 shares of the semiconductor provider's stock valued at $3,389,000 after purchasing an additional 1,628 shares in the last quarter. Finally, Seven Eight Capital LP purchased a new stake in shares of NXP Semiconductors during the 2nd quarter worth about $1,541,000. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

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.