NXP Semiconductors (NASDAQ:NXPI - Get Free Report) had its price objective reduced by equities research analysts at Barclays from $230.00 to $190.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an "overweight" rating on the semiconductor provider's stock. Barclays's target price would indicate a potential downside of 1.83% from the company's previous close.
A number of other analysts also recently issued reports on NXPI. StockNews.com downgraded shares of NXP Semiconductors from a "buy" rating to a "hold" rating in a report on Wednesday, January 29th. Morgan Stanley upgraded NXP Semiconductors from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $231.00 to $257.00 in a research report on Wednesday, February 12th. The Goldman Sachs Group reissued a "buy" rating on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Citigroup reduced their price objective on NXP Semiconductors from $290.00 to $220.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $250.00 target price on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Four analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, NXP Semiconductors has a consensus rating of "Moderate Buy" and a consensus target price of $258.10.
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NXP Semiconductors Price Performance
Shares of NXP Semiconductors stock traded down $0.02 on Tuesday, hitting $193.55. 2,485,588 shares of the company traded hands, compared to its average volume of 2,584,846. NXP Semiconductors has a 52 week low of $148.09 and a 52 week high of $296.08. The business has a 50-day simple moving average of $197.09 and a 200 day simple moving average of $213.02. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36. The stock has a market capitalization of $49.09 billion, a P/E ratio of 19.89, a price-to-earnings-growth ratio of 3.01 and a beta of 1.40.
Insider Buying and Selling
In other news, COO Andrew Micallef sold 1,000 shares of the business's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $204.86, for a total value of $204,860.00. Following the completion of the sale, the chief operating officer now owns 8,828 shares in the company, valued at approximately $1,808,504.08. The trade was a 10.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.11% of the stock is owned by insiders.
Hedge Funds Weigh In On NXP Semiconductors
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Norges Bank purchased a new stake in NXP Semiconductors during the fourth quarter worth $672,224,000. Van ECK Associates Corp lifted its stake in shares of NXP Semiconductors by 27.1% during the 4th quarter. Van ECK Associates Corp now owns 3,865,446 shares of the semiconductor provider's stock worth $803,432,000 after purchasing an additional 824,317 shares during the last quarter. Voloridge Investment Management LLC lifted its stake in shares of NXP Semiconductors by 131.4% during the 4th quarter. Voloridge Investment Management LLC now owns 1,025,517 shares of the semiconductor provider's stock worth $213,154,000 after purchasing an additional 582,317 shares during the last quarter. GAMMA Investing LLC boosted its position in NXP Semiconductors by 26,732.0% during the first quarter. GAMMA Investing LLC now owns 583,864 shares of the semiconductor provider's stock valued at $110,969,000 after purchasing an additional 581,688 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in NXP Semiconductors by 1,172.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 555,189 shares of the semiconductor provider's stock valued at $115,396,000 after purchasing an additional 511,553 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors.
About NXP Semiconductors
(
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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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