NXP Semiconductors N.V. (NASDAQ:NXPI) has been downgraded by Mizuho on February 08 which now rates the stock as Neutral compared with Buy rating suggested in the past. Analysts at Nomura, shed their negative views on January 17 by lifting it fromNeutral to Buy. Analysts at Piper Jaffray, made their first call about the stock on December 21, recommending it is Overweight.
NXPI stock dropped -0.59% in recent trade and currently has a stock-market value of $30.82B. The shares finished at $92.85, after trading as low as $92.6 earlier in the session. It hit an intraday high Thursday at $94.02. Trading activity significantly weakened as the volume at ready counter decreased to 2,096,977 shares versus 3,443,535 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 4,464,184 shares. The stock is now 37.31% above against its bear-market low of $67.62 on December 26, 2018. It has retreated -33.01% since it’s 52-week high of $123.5 reached in March. Now the market price is down -24.28% on the year and up 26.71% YTD.
Wall Street’s most bullish NXP Semiconductors N.V. (NASDAQ:NXPI) analysts are predicting the share price to blow past $128 per share during the next 12 months. The current median share price forecast by them is $105, suggesting that the stock could increase 13.09% in that time frame. The average price target of $102.81 calls for a nearly 10.73% increase in the stock price.
NXP Semiconductors N.V. (NXPI)’s 50 day simple moving average (SMA 50) price is $87.3 and its 200-day simple moving average (SMA 200) price is $90.59. The company’s stock currently has a total float of 325.78M shares. Its weekly volatility is hovering around 1.66% and felt 1.97% volatility in price over a month. On the upside, the share price will test short term resistance at around $93.71. On a downside, the stock is likely to find some support, which begins at $92.29. The failure to get near-term support could push it to $91.74.
When looking at valuations, NXP Semiconductors N.V. (NXPI) has a pricey P/E of 13.55x as compared to industry average of 9.03x. Moreover, it trades for 10.31 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 2.59x price/book and 3.28x price/sales. Compared to others, NXP Semiconductors N.V. is in a different league with regards to profitability, having net margins of 23.5%. To put some perspective around this, the industry’s average net margin is 19.1%. NXPI’s ROE is 18.2%, which is also considerably better than the industry’s ROE of 6.85%. It’s also very liquid in the near term, with a current ratio of 1.5. The stock has a debt/capital of 0.7.
Shares of NXPI have gained 1% since the company’s most recent earnings report. Over the past 12 fiscal quarters, NXP Semiconductors N.V. (NASDAQ:NXPI) has topped consensus earnings estimates in 7 quarters (58%), missed earnings in 5 quarters (41%), whereas at 0 occasion EPS met analyst expectations. NXPI last reported earnings that exceeded expectations. The company raked in $2.13 per share, -11.98% change on the same period last year. That was better than consensus for $2.08. Revenue for the recent quarter stood at $2.4 billion, down -2% on last year and above the $2.38 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $2.08 billion to $2.1 billion, which should be compared with $2.46 billion generated last year. EPS is seen in a range of $1.52 to $1.59, against the $1.85 reported a year ago.