Loop Capital Begins Coverage on NXP Semiconductors (NASDAQ:NXPI)

Equities research analysts at Loop Capital started coverage on shares of NXP Semiconductors (NASDAQ:NXPI) in a research note issued to investors on Monday, Marketbeat reports. The brokerage set a “buy” rating and a $300.00 price target on the semiconductor provider’s stock. Loop Capital’s price objective points to a potential upside of 33.46% from the company’s previous close.

Other equities analysts have also issued research reports about the company. UBS Group cut their price target on NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. The Goldman Sachs Group cut their target price on shares of NXP Semiconductors from $285.00 to $277.00 in a research report on Friday, October 11th. Citic Securities initiated coverage on shares of NXP Semiconductors in a research report on Friday, October 11th. They issued a $288.00 price target for the company. StockNews.com lowered shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Finally, Evercore ISI reduced their price objective on shares of NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, NXP Semiconductors presently has an average rating of “Moderate Buy” and a consensus price target of $276.76.

NXP Semiconductors Trading Down 1.0 %

Shares of NXPI opened at $224.79 on Monday. The firm has a market capitalization of $57.13 billion, a price-to-earnings ratio of 21.45, a PEG ratio of 4.30 and a beta of 1.49. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.35 and a quick ratio of 1.52. NXP Semiconductors has a 1-year low of $181.96 and a 1-year high of $296.08. The company has a 50-day moving average of $235.14 and a 200 day moving average of $253.42.

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

Insider Buying and Selling at NXP Semiconductors

In other news, EVP Jennifer Wuamett sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total value 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 $7,033,002.15. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.11% of the company’s stock.

Institutional Trading of NXP Semiconductors

Hedge funds and other institutional investors have recently made changes to their positions in the business. GDS Wealth Management boosted its holdings in NXP Semiconductors by 7.7% in the third quarter. GDS Wealth Management now owns 55,740 shares of the semiconductor provider’s stock valued at $13,378,000 after purchasing an additional 3,985 shares during the last quarter. Bessemer Group Inc. grew its holdings in NXP Semiconductors by 4,525.6% during the first quarter. Bessemer Group Inc. now owns 356,774 shares of the semiconductor provider’s stock worth $88,399,000 after acquiring an additional 349,061 shares during the period. M&G Plc purchased a new position in NXP Semiconductors during the first quarter valued at approximately $65,830,000. QRG Capital Management Inc. lifted its holdings in NXP Semiconductors by 34.1% in the first quarter. QRG Capital Management Inc. now owns 1,716 shares of the semiconductor provider’s stock valued at $425,000 after acquiring an additional 436 shares during the period. Finally, Mather Group LLC. boosted its position in NXP Semiconductors by 23.3% in the 2nd quarter. Mather Group LLC. now owns 566 shares of the semiconductor provider’s stock worth $140,000 after purchasing an additional 107 shares in the last quarter. Institutional investors and hedge funds 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.