TD Cowen Issues Positive Forecast for NXP Semiconductors (NASDAQ:NXPI) Stock Price

NXP Semiconductors (NASDAQ:NXPI) had its target price boosted by research analysts at TD Cowen from $260.00 to $285.00 in a report issued on Friday,MarketScreener reports. The firm currently has a “buy” rating on the semiconductor provider’s stock. TD Cowen’s price objective would indicate a potential upside of 20.20% from the company’s current price.

Several other brokerages have also issued reports on NXPI. Citigroup increased their price objective on NXP Semiconductors from $275.00 to $285.00 and gave the stock a “buy” rating in a report on Thursday. Arete Research upped their target price on NXP Semiconductors from $273.90 to $324.40 and gave the stock a “buy” rating in a research report on Monday, December 8th. Weiss Ratings reissued a “hold (c)” rating on shares of NXP Semiconductors in a research report on Wednesday, October 8th. Evercore ISI upped their price objective on shares of NXP Semiconductors from $289.00 to $292.00 in a report on Wednesday, October 29th. Finally, Wells Fargo & Company lifted their target price on shares of NXP Semiconductors from $260.00 to $265.00 and gave the stock an “overweight” rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $266.15.

NXP Semiconductors Trading Down 0.6%

NASDAQ:NXPI opened at $237.11 on Friday. The company has a market cap of $59.67 billion, a PE ratio of 29.35, a P/E/G ratio of 3.00 and a beta of 1.46. The business’s 50 day moving average is $218.07 and its two-hundred day moving average is $220.98. The company has a quick ratio of 1.69, a current ratio of 2.37 and a debt-to-equity ratio of 1.09. NXP Semiconductors has a 52 week low of $148.09 and a 52 week high of $255.45.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Tuesday, October 28th. The semiconductor provider reported $3.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.12 by ($0.01). The firm had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.15 billion. NXP Semiconductors had a net margin of 17.11% and a return on equity of 26.92%. The business’s revenue was down 2.4% on a year-over-year basis. During the same period in the prior year, the company posted $3.45 earnings per share. On average, analysts predict that NXP Semiconductors will post 10.28 EPS for the current year.

Insider Buying and Selling

In related news, EVP Jennifer Wuamett sold 12,425 shares of NXP Semiconductors stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $220.94, for a total value of $2,745,179.50. Following the sale, the executive vice president owned 11,811 shares of the company’s stock, valued at approximately $2,609,522.34. This trade represents a 51.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Christopher L. Jensen sold 2,300 shares of the firm’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $228.17, for a total transaction of $524,791.00. Following the completion of the transaction, the executive vice president directly owned 9,965 shares of the company’s stock, valued at approximately $2,273,714.05. This trade represents a 18.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 23,097 shares of company stock valued at $5,003,058. Company insiders own 0.12% of the company’s stock.

Institutional Investors Weigh In On NXP Semiconductors

A number of institutional investors have recently modified their holdings of NXPI. JPL Wealth Management LLC purchased a new position in NXP Semiconductors in the third quarter valued at about $26,000. CNB Bank purchased a new position in shares of NXP Semiconductors in the 3rd quarter worth about $28,000. Wexford Capital LP purchased a new stake in shares of NXP Semiconductors during the third quarter valued at $31,000. Kelleher Financial Advisors bought a new stake in NXP Semiconductors in the 3rd quarter worth about $31,000. Finally, Brown Lisle Cummings Inc. raised its position in NXP Semiconductors by 121.7% in the 2nd quarter. Brown Lisle Cummings Inc. now owns 153 shares of the semiconductor provider’s stock worth $33,000 after buying an additional 84 shares during the last quarter. 90.54% of the stock is owned by institutional investors.

About NXP Semiconductors

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.