NXP Semiconductors (NASDAQ:NXPI) Now Covered by Loop Capital

Analysts at Loop Capital assumed coverage on shares of NXP Semiconductors (NASDAQ:NXPI) in a research report issued on Monday,Benzinga reports. The firm set a “buy” rating and a $300.00 price target on the semiconductor provider’s stock. Loop Capital’s price target indicates a potential upside of 32.14% from the stock’s current price.

A number of other equities analysts have also commented on NXPI. Stifel Nicolaus cut their price objective on shares of NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating for the company in a research report on Thursday, October 17th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $270.00 price objective on shares of NXP Semiconductors in a research report on Monday, November 4th. The Goldman Sachs Group reduced their target price on NXP Semiconductors from $285.00 to $277.00 in a research report on Friday, October 11th. Citic Securities assumed coverage on NXP Semiconductors in a report on Friday, October 11th. They set a $288.00 price objective for the company. Finally, Morgan Stanley lowered their target price on shares of NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $276.76.

NXP Semiconductors Stock Performance

NXPI stock traded down $6.85 during midday trading on Monday, hitting $227.04. The company’s stock had a trading volume of 2,714,478 shares, compared to its average volume of 2,299,639. NXP Semiconductors has a 1 year low of $181.96 and a 1 year high of $296.08. The stock has a market cap of $57.70 billion, a price-to-earnings ratio of 21.66, a PEG ratio of 4.30 and a beta of 1.49. The stock’s 50-day moving average price is $235.72 and its 200 day moving average price is $253.50. The company has a quick ratio of 1.52, a current ratio of 2.35 and a debt-to-equity ratio of 0.99.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, topping analysts’ consensus estimates of $3.43 by $0.02. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The company had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.25 billion. During the same quarter in the previous year, the firm posted $3.31 EPS. NXP Semiconductors’s revenue was down 5.4% on a year-over-year basis. On average, equities analysts forecast that NXP Semiconductors will post 11.43 EPS for the current year.

Insider Buying and Selling

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

Institutional Trading of NXP Semiconductors

A number of institutional investors and hedge funds have recently modified their holdings of the business. Drive Wealth Management LLC lifted its holdings in shares of NXP Semiconductors by 4.3% during the 2nd quarter. Drive Wealth Management LLC now owns 953 shares of the semiconductor provider’s stock valued at $257,000 after buying an additional 39 shares during the period. Beacon Capital Management LLC lifted its holdings in NXP Semiconductors by 36.4% in the first quarter. Beacon Capital Management LLC now owns 150 shares of the semiconductor provider’s stock valued at $37,000 after acquiring an additional 40 shares during the period. Patten Group Inc. boosted its position in NXP Semiconductors by 1.2% in the second quarter. Patten Group Inc. now owns 3,454 shares of the semiconductor provider’s stock worth $929,000 after purchasing an additional 42 shares during the last quarter. West Paces Advisors Inc. boosted its position in NXP Semiconductors by 3.1% in the second quarter. West Paces Advisors Inc. now owns 1,500 shares of the semiconductor provider’s stock worth $404,000 after purchasing an additional 45 shares during the last quarter. Finally, Octavia Wealth Advisors LLC grew its stake in shares of NXP Semiconductors by 5.4% during the 2nd quarter. Octavia Wealth Advisors LLC now owns 880 shares of the semiconductor provider’s stock valued at $238,000 after purchasing an additional 45 shares during the period. 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.