NXP Semiconductors (NXPI) PT Lowered to $73.00 at Stifel Nicolaus

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

Several other equities analysts have also recently issued reports on NXPI. Piper Jaffray Companies assumed coverage on NXP Semiconductors in a report on Thursday, December 20th. They set an “overweight” rating and a $100.00 price objective for the company. Zacks Investment Research raised NXP Semiconductors from a “hold” rating to a “buy” rating and set a $81.00 price objective for the company in a report on Wednesday, January 2nd. Credit Suisse Group reaffirmed a “buy” rating and set a $125.00 price objective on shares of NXP Semiconductors in a report on Monday, December 3rd. Susquehanna Bancshares assumed coverage on NXP Semiconductors in a report on Friday, December 7th. They set a “neutral” rating and a $90.00 price objective for the company. Finally, Citigroup reduced their price objective on NXP Semiconductors from $94.00 to $88.00 and set a “hold” rating for the company in a report on Friday, November 2nd. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the company’s stock. NXP Semiconductors has a consensus rating of “Hold” and an average target price of $100.03.

NXPI opened at $79.10 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 1.22 and a debt-to-equity ratio of 0.50. The company has a market capitalization 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. NXP Semiconductors has a 12 month low of $67.62 and a 12 month high of $125.93.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Wednesday, October 31st. The semiconductor provider reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.13. The firm 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, research analysts forecast that NXP Semiconductors will post 6.14 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Highwater Wealth Management LLC purchased a new stake in shares of NXP Semiconductors in the fourth quarter valued at $36,000. Cerebellum GP LLC purchased a new stake in shares of NXP Semiconductors in the fourth quarter valued at $36,000. Signaturefd LLC grew its position in shares of NXP Semiconductors by 299.2% in the second quarter. Signaturefd LLC now owns 1,062 shares of the semiconductor provider’s stock valued at $116,000 after purchasing an additional 796 shares during the period. Patten Group Inc. grew its position in shares of NXP Semiconductors by 490.0% in the third quarter. Patten Group Inc. now owns 1,180 shares of the semiconductor provider’s stock valued at $101,000 after purchasing an additional 980 shares during the period. Finally, First Quadrant L P CA purchased a new stake in shares of NXP Semiconductors in the third quarter valued at $108,000. 75.41% of the stock is 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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