Oppenheimer Has Lowered Expectations for NXP Semiconductors (NASDAQ:NXPI) Stock Price

Nov 07, 2024

NXP Semiconductors (NASDAQ:NXPI - Free Report) had its price objective reduced by Oppenheimer from $330.00 to $300.00 in a research note issued to investors on Wednesday morning, Benzinga reports. Oppenheimer currently has an outperform rating on the semiconductor provider's stock.

Several other equities research analysts have also recently issued reports on the stock. Truist Financial reduced their price objective on shares of NXP Semiconductors from $291.00 to $287.00 and set a "buy" rating on the stock in a research report on Wednesday, July 24th. Needham & Company LLC raised their price objective on NXP Semiconductors from $280.00 to $300.00 and gave the company a "buy" rating in a research report on Tuesday, July 23rd. StockNews.com downgraded NXP Semiconductors from a "buy" rating to a "hold" rating in a research report on Friday, August 2nd. Cantor Fitzgerald restated an "overweight" rating and set a $270.00 price target on shares of NXP Semiconductors in a report on Monday. Finally, Citigroup upped their price objective on NXP Semiconductors from $150.00 to $220.00 and gave the stock a "sell" rating in a report on Monday, July 15th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $276.85.

Check Out Our Latest Stock Report on NXPI

NXPI traded up $6.73 during mid-day trading on Wednesday, reaching $231.38. 3,594,422 shares of the company traded hands, compared to its average volume of 2,291,799. The company has a quick ratio of 1.52, a current ratio of 2.21 and a debt-to-equity ratio of 1.04. NXP Semiconductors has a 52-week low of $178.19 and a 52-week high of $296.08. The stock has a market capitalization of $58.94 billion, a P/E ratio of 22.08, a P/E/G ratio of 2.57 and a beta of 1.49. The company's fifty day moving average price is $236.43 and its 200-day moving average price is $253.19.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, beating analysts' consensus estimates of $3.43 by $0.02. The business had revenue of $3.25 billion during the quarter, compared to analysts' expectations of $3.25 billion. NXP Semiconductors had a net margin of 20.98% and a return on equity of 34.11%. The firm's revenue was down 5.4% on a year-over-year basis. During the same period in the prior year, the company earned $3.31 earnings per share. On average, sell-side analysts expect that NXP Semiconductors will post 11.94 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Thursday, September 12th were issued a $1.014 dividend. The ex-dividend date was Thursday, September 12th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.75%. NXP Semiconductors's payout ratio is 38.74%.

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of NXP Semiconductors stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total transaction of $813,225.00. Following the completion of the sale, the executive vice president now directly owns 30,269 shares of the company's stock, valued at $7,033,002.15. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.11% of the stock is owned by insiders.

Large investors have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in NXP Semiconductors by 17.3% in the first quarter. Vanguard Group Inc. now owns 12,921,432 shares of the semiconductor provider's stock worth $3,201,543,000 after buying an additional 1,909,898 shares in the last quarter. Van ECK Associates Corp lifted its stake in shares of NXP Semiconductors by 67.2% during the 3rd quarter. Van ECK Associates Corp now owns 3,041,129 shares of the semiconductor provider's stock worth $718,680,000 after purchasing an additional 1,222,736 shares during the last quarter. Ameriprise Financial Inc. boosted its position in NXP Semiconductors by 5.1% during the second quarter. Ameriprise Financial Inc. now owns 2,428,779 shares of the semiconductor provider's stock valued at $653,567,000 after purchasing an additional 118,366 shares in the last quarter. Legal & General Group Plc raised its holdings in NXP Semiconductors by 1.6% in the second quarter. Legal & General Group Plc now owns 2,271,866 shares of the semiconductor provider's stock worth $611,336,000 after purchasing an additional 35,104 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of NXP Semiconductors by 5.5% during the second quarter. Bank of New York Mellon Corp now owns 1,533,421 shares of the semiconductor provider's stock valued at $412,628,000 after buying an additional 80,087 shares during the last quarter. Institutional investors own 90.54% of the company's stock.

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.

Before you consider NXP Semiconductors, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NXP Semiconductors wasn't on the list.

While NXP Semiconductors currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Wondering when you'll finally be able to invest in SpaceX, StarLink, or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.

Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools.