NXP Semiconductors (NASDAQ:NXPI) Price Target Lowered to $231.00 at Morgan Stanley

NXP Semiconductors (NASDAQ:NXPI) had its price objective lowered by Morgan Stanley from $235.00 to $231.00 in a research report report published on Wednesday,Benzinga reports. The brokerage currently has an equal weight rating on the semiconductor provider’s stock.

Other analysts have also recently issued reports about the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $250.00 price objective on shares of NXP Semiconductors in a research note on Tuesday. Loop Capital began coverage on NXP Semiconductors in a report on Monday, November 11th. They set a “buy” rating and a $300.00 price target for the company. Citic Securities initiated coverage on NXP Semiconductors in a research report on Friday, October 11th. They issued a $288.00 price objective for the company. UBS Group decreased their target price on NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Finally, The Goldman Sachs Group raised NXP Semiconductors from a “neutral” rating to a “buy” rating and cut their price target for the company from $260.00 to $257.00 in a report on Friday, January 10th. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $263.15.

NXP Semiconductors Price Performance

Shares of NXPI stock opened at $213.24 on Wednesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.35 and a quick ratio of 1.60. The stock’s fifty day simple moving average is $214.68 and its 200 day simple moving average is $230.36. NXP Semiconductors has a one year low of $198.21 and a one year high of $296.08. The firm has a market cap of $54.20 billion, a price-to-earnings ratio of 20.35, a P/E/G ratio of 3.14 and a beta of 1.46.

NXP Semiconductors (NASDAQ:NXPI) last posted its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, topping the consensus estimate of $3.43 by $0.02. The business had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.25 billion. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The firm’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.31 EPS. On average, analysts expect that NXP Semiconductors will post 11.33 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th were given a $1.014 dividend. The ex-dividend date was Thursday, December 5th. This represents a $4.06 annualized dividend and a dividend yield of 1.90%. NXP Semiconductors’s dividend payout ratio is currently 41.62%.

Institutional Investors Weigh In On NXP Semiconductors

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. ORG Wealth Partners LLC grew its position in shares of NXP Semiconductors by 915.4% during the 4th quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock worth $27,000 after buying an additional 119 shares during the period. Sound Income Strategies LLC grew its holdings in NXP Semiconductors by 169.2% during the fourth quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock valued at $29,000 after purchasing an additional 88 shares during the period. FSA Wealth Management LLC acquired a new position in NXP Semiconductors during the third quarter valued at approximately $33,000. Brooklyn Investment Group increased its stake in NXP Semiconductors by 69.5% in the fourth quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock valued at $33,000 after purchasing an additional 66 shares in the last quarter. Finally, Fortitude Family Office LLC raised its holdings in NXP Semiconductors by 52.4% in the fourth quarter. Fortitude Family Office LLC now owns 218 shares of the semiconductor provider’s stock worth $45,000 after purchasing an additional 75 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.