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

Nov 06, 2024

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) had its target price lowered by research analysts at Oppenheimer from $330.00 to $300.00 in a report released on Wednesday, Benzinga reports. The firm currently has an "outperform" rating on the semiconductor provider's stock. Oppenheimer's price target points to a potential upside of 33.54% from the stock's previous close.

Several other research firms also recently weighed in on NXPI. Citic Securities assumed coverage on shares of NXP Semiconductors in a report on Friday, October 11th. They set a $288.00 target price for the company. The Goldman Sachs Group lowered their target price on NXP Semiconductors from $285.00 to $277.00 in a report on Friday, October 11th. Stifel Nicolaus dropped their price target on NXP Semiconductors from $275.00 to $260.00 and set a "hold" rating for the company in a research report on Thursday, October 17th. StockNews.com downgraded NXP Semiconductors from a "buy" rating to a "hold" rating in a research report on Friday, August 2nd. Finally, Barclays dropped their price objective on NXP Semiconductors from $330.00 to $280.00 and set an "overweight" rating for the company in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $280.60.

Read Our Latest Report on NXP Semiconductors

Shares of NXPI opened at $224.65 on Wednesday. NXP Semiconductors has a 52-week low of $178.19 and a 52-week high of $296.08. The company has a quick ratio of 1.52, a current ratio of 2.21 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $57.23 billion, a PE ratio of 21.00, a P/E/G ratio of 2.59 and a beta of 1.49. The company has a 50-day simple moving average of $236.74 and a 200-day simple moving average of $253.34.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, topping analysts' consensus estimates of $3.43 by $0.02. The business had revenue of $3.25 billion for the quarter, compared to analysts' expectations of $3.25 billion. NXP Semiconductors had a return on equity of 35.65% and a net margin of 21.21%. The company's revenue was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.31 EPS. Equities research analysts predict that NXP Semiconductors will post 11.94 earnings per share for the current fiscal year.

In related news, EVP Jennifer Wuamett sold 3,500 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total value of $813,225.00. Following the completion of the sale, the executive vice president now directly owns 30,269 shares in the company, valued at approximately $7,033,002.15. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.11% of the company's stock.

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in NXP Semiconductors by 17.3% during the 1st 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 during the period. Van ECK Associates Corp grew its stake in shares of NXP Semiconductors by 67.2% during the third quarter. Van ECK Associates Corp now owns 3,041,129 shares of the semiconductor provider's stock valued at $718,680,000 after acquiring an additional 1,222,736 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of NXP Semiconductors by 24,533.2% during the third quarter. International Assets Investment Management LLC now owns 514,341 shares of the semiconductor provider's stock worth $123,447,000 after acquiring an additional 512,253 shares during the last quarter. Ceredex Value Advisors LLC acquired a new position in shares of NXP Semiconductors in the third quarter worth about $84,901,000. Finally, Bessemer Group Inc. grew its stake in NXP Semiconductors by 4,525.6% during the 1st quarter. Bessemer Group Inc. now owns 356,774 shares of the semiconductor provider's stock valued at $88,399,000 after purchasing an additional 349,061 shares in the last quarter. Hedge funds and other 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.

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