Jim Cramer Put These 6 Stocks Under the Microscope

4. NXP Semiconductors N.V. (NASDAQ:NXPI) 

Number of Hedge Fund Holders: 44

A caller asked Cramer’s thoughts on NXP Semiconductors N.V. (NASDAQ:NXPI) and he replied:

“NXP, it’s a semiconductor company. It’s closely connected with autos, which means it’s a semiconductor company that I do not want to own.”

NXP Semiconductors (NASDAQ:NXPI) develops a wide range of semiconductor products and its offerings include processors, wireless solutions, sensors, and security controllers. On April 17, Stifel reduced its price target on NXPI to $170 from $210 and kept a Hold rating on the stock.

The firm pointed to the effects of tariffs, including indirect ones, as a reason for its cautious stance going into the Q1 earnings season. It expects results for the March quarter to be mostly stable but sees the outlook for June as weaker. The analyst mentioned that no matter how tariffs eventually play out in terms of scale or length, the chances of the semiconductor sector moving into a cyclical decline have gone up significantly.