Stifel Nicolaus Lowers NXP Semiconductors (NXPI) Price Target to $73.00

NXP Semiconductors (NASDAQ:NXPI) had its price target dropped by research analysts at Stifel Nicolaus from $78.00 to $73.00 in a note issued to investors on Wednesday, The Fly reports. The brokerage currently has a “sell” rating on the semiconductor provider’s stock. Stifel Nicolaus’ target price indicates a potential downside of 7.71% from the stock’s previous close.

NXPI has been the topic of several other research reports. Barclays raised NXP Semiconductors from an “equal weight” rating to an “overweight” rating and decreased their target price for the stock from $105.00 to $95.00 in a research note on Tuesday, October 23rd. Morgan Stanley decreased their target price on NXP Semiconductors from $105.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 3rd. Bank of America raised NXP Semiconductors from a “neutral” rating to a “buy” rating and increased their target price for the stock from $110.00 to $120.00 in a research note on Monday, September 17th. Citigroup decreased their target price on NXP Semiconductors from $94.00 to $88.00 and set a “hold” rating on the stock in a research note on Friday, November 2nd. Finally, Cowen increased their target price on NXP Semiconductors from $111.00 to $114.00 and gave the stock an “outperform” rating in a research note on Thursday, September 13th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the company’s stock. NXP Semiconductors currently has a consensus rating of “Hold” and a consensus price target of $100.03.

NASDAQ NXPI opened at $79.10 on Wednesday. The firm has a market cap of $27.47 billion, a PE ratio of 11.02, a price-to-earnings-growth ratio of 0.89 and a beta of 0.98. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.22 and a quick ratio of 0.87. NXP Semiconductors has a twelve month low of $67.62 and a twelve month high of $125.93.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Wednesday, October 31st. The semiconductor provider reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.13. The business had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $2.43 billion. NXP Semiconductors had a return on equity of 18.08% and a net margin of 28.38%. As a group, equities analysts expect that NXP Semiconductors will post 6.14 earnings per share for the current year.

A number of hedge funds have recently bought and sold shares of NXPI. Schwab Charles Investment Management Inc. increased its holdings in shares of NXP Semiconductors by 8.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 153,924 shares of the semiconductor provider’s stock valued at $16,820,000 after acquiring an additional 12,242 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of NXP Semiconductors by 5.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 12,361 shares of the semiconductor provider’s stock valued at $1,353,000 after acquiring an additional 672 shares during the last quarter. Baird Financial Group Inc. purchased a new position in shares of NXP Semiconductors in the 2nd quarter valued at about $355,000. Raymond James & Associates increased its holdings in shares of NXP Semiconductors by 3.7% in the 2nd quarter. Raymond James & Associates now owns 245,968 shares of the semiconductor provider’s stock valued at $26,877,000 after acquiring an additional 8,719 shares during the last quarter. Finally, First Republic Investment Management Inc. increased its holdings in shares of NXP Semiconductors by 1.7% in the 2nd quarter. First Republic Investment Management Inc. now owns 49,932 shares of the semiconductor provider’s stock valued at $5,456,000 after acquiring an additional 820 shares during the last quarter. 75.41% of the stock is currently owned by institutional investors.

About NXP Semiconductors

NXP Semiconductors N.V., a semiconductor company, provides high performance mixed signal solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. The company offers products for audio and visual head-end unit applications, such as single-chip radio solutions, multi-standard radios, audio amplifiers and power analog products, and i.MX applications processors; in-vehicle networking products; two-way secure entry products; various sensors and microcontrollers; power management solutions; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.

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