NXP Semiconductors (NASDAQ:NXPI) Price Target Cut to $170.00 by Analysts at Stifel Nicolaus

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) had its price objective cut by equities researchers at Stifel Nicolaus from $210.00 to $170.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a "hold" rating on the semiconductor provider's stock. Stifel Nicolaus' target price suggests a potential downside of 2.10% from the stock's current price.

Other equities analysts have also issued reports about the stock. Barclays decreased their target price on shares of NXP Semiconductors from $280.00 to $230.00 and set an "overweight" rating on the stock in a report on Friday, January 17th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $250.00 price target on shares of NXP Semiconductors in a research note on Tuesday, February 4th. JPMorgan Chase & Co. cut their price objective on NXP Semiconductors from $260.00 to $240.00 and set a "neutral" rating for the company in a research report on Wednesday, February 5th. Morgan Stanley raised shares of NXP Semiconductors from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $231.00 to $257.00 in a research report on Wednesday, February 12th. Finally, Susquehanna reduced their price target on shares of NXP Semiconductors from $235.00 to $225.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $259.50.

NXP Semiconductors Trading Up 1.3 %

NASDAQ:NXPI traded up $2.15 during trading hours on Thursday, hitting $173.65. The company had a trading volume of 1,293,570 shares, compared to its average volume of 2,568,237. NXP Semiconductors has a 1 year low of $148.09 and a 1 year high of $296.08. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. The company has a 50-day moving average of $200.17 and a 200 day moving average of $214.26. The company has a market cap of $44.04 billion, a P/E ratio of 17.81, a P/E/G ratio of 3.01 and a beta of 1.40.

Insider Buying and Selling at NXP Semiconductors

In related news, COO Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction on Monday, March 17th. The shares were sold at an average price of $204.86, for a total transaction of $204,860.00. Following the sale, the chief operating officer now directly owns 8,828 shares in the company, valued at $1,808,504.08. This trade represents a 10.18 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.11% of the stock is currently owned by insiders.

Hedge Funds Weigh In On NXP Semiconductors

Hedge funds have recently made changes to their positions in the company. Norges Bank acquired a new position in NXP Semiconductors during the fourth quarter worth approximately $672,224,000. Van ECK Associates Corp grew its position in shares of NXP Semiconductors by 27.1% during the fourth quarter. Van ECK Associates Corp now owns 3,865,446 shares of the semiconductor provider's stock worth $803,432,000 after acquiring an additional 824,317 shares during the last quarter. Voloridge Investment Management LLC increased its holdings in shares of NXP Semiconductors by 131.4% in the 4th quarter. Voloridge Investment Management LLC now owns 1,025,517 shares of the semiconductor provider's stock valued at $213,154,000 after acquiring an additional 582,317 shares during the period. GAMMA Investing LLC raised its position in NXP Semiconductors by 26,732.0% in the 1st 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 during the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in NXP Semiconductors by 1,172.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 555,189 shares of the semiconductor provider's stock worth $115,396,000 after purchasing an additional 511,553 shares during the period. Hedge funds and other institutional investors own 90.54% of the company's stock.

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.