Susquehanna lowers NXP Semiconductors (NASDAQ:NXPI) price target to $175.00

NXP Semiconductors (NASDAQ: NXPI – Get Assessment) had its price target lowered by Susquehanna stock research analysts from $200.00 to $175.00 in a research report released on Wednesday, reports The Fly. Susquehanna’s price target would indicate a potential upside of 15.25% from the company’s current price.
A number of other brokerages have also recently released reports on NXPI. Morgan Stanley cut its price target on NXP Semiconductors from $183.00 to $174.00 and set an “equal weight” rating for the company in a report on Wednesday. Citigroup cut its price target on NXP Semiconductors from $190.00 to $150.00 and set a “neutral” rating for the company in a Tuesday, October 11 report. Cowen raised his price target on NXP Semiconductors from $190.00 to $200.00 in a Wednesday, July 27 report. Deutsche Bank Aktiengesellschaft cut its price target on NXP Semiconductors from $175.00 to $170.00 in a report on Wednesday. Finally, Needham & Company LLC reduced its price target on NXP Semiconductors from $225.00 to $200.00 in a Tuesday, October 25 report. One equity research analyst gave the stock a sell rating, seven gave the company a hold rating, seven gave the company a buy rating and one gave the company a high buy rating. Based on MarketBeat data, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and an average price target of $187.50.
NXP Semiconductors trades up 3.9%
NXP Semiconductors stock opened Wednesday at $151.85. The company has a quick ratio of 1.65, a current ratio of 2.15 and a debt ratio of 1.54. NXP Semiconductors has a 52-week low of $132.08 and a 52-week high of $239.91. The company has a market capitalization of $39.88 billion, a price-to-earnings ratio of 15.12, a growth price-to-earnings ratio of 0.54 and a beta of 1.48. The stock has a 50-day moving average price of $155.17 and a 200-day moving average price of $166.69.
NXP Semiconductors Institutional Trading
Several large investors have recently changed their positions in the company. Core Alternative Capital increased its stake in NXP Semiconductors by 2,183.3% during the first quarter. Core Alternative Capital now owns 137 shares of the semiconductor supplier worth $25,000 after buying 131 more shares in the last quarter. Toth Financial Advisory Corp increased its stake in NXP Semiconductors by 265.1% during the first quarter. Toth Financial Advisory Corp now owns 157 shares of the semiconductor supplier worth $29,000 after buying 114 more shares in the last quarter. Steward Financial Group LLC acquired a new position in NXP Semiconductors during the first quarter worth $30,000. ARS Investment Partners LLC acquired a new position in NXP Semiconductors during the third quarter worth $30,000. Finally, Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. acquired a new position in NXP Semiconductors during the first quarter worth $31,000. 88.25% of the shares are currently held by hedge funds and other institutional investors.
About NXP Semiconductors
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NXP Semiconductors NV offers various semiconductor products. The company’s product portfolio includes microcontrollers; application processors, including i.MX application processors and i.MX 8 and 9 families of application processors; communications processors; wireless connectivity solutions, such as near-field communications, ultra-wideband, low-energy Bluetooth, Zigbee, and integrated Wi-Fi and Wi-Fi/Bluetooth SoCs; analog and interface devices; radio frequency power amplifiers; and safety controllers, as well as semiconductor-based environmental and inertial sensors, including pressure, inertial, magnetic, and gyroscopic sensors.
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