NXP Semiconductors (NASDAQ:NXPI) had its target price increased by investment analysts at Raymond James from $220.00 to $230.00 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has an "outperform" rating on the semiconductor provider's stock. Raymond James' price objective would indicate a potential upside of 19.89% from the company's previous close.
Several other equities analysts have also recently weighed in on NXPI. Oppenheimer lifted their price target on NXP Semiconductors from $210.00 to $235.00 and gave the company an "outperform" rating in a research report on Wednesday, April 28th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell boosted their target price on NXP Semiconductors from $225.00 to $235.00 in a research report on Wednesday, April 28th. Cowen boosted their target price on NXP Semiconductors from $225.00 to $235.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 28th. Mizuho boosted their target price on NXP Semiconductors from $192.00 to $225.00 and gave the stock a "buy" rating in a research report on Tuesday. Finally, Morgan Stanley restated an "equal weight" rating and set a $213.00 target price (up from $190.00) on shares of NXP Semiconductors in a research report on Wednesday, April 14th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company's stock. The stock currently has a consensus rating of "Buy" and an average target price of $203.32.
Shares of NASDAQ NXPI opened at $191.84 on Tuesday. The stock has a market cap of $52.90 billion, a PE ratio of -361.96, a price-to-earnings-growth ratio of 2.62 and a beta of 1.50. NXP Semiconductors has a fifty-two week low of $89.10 and a fifty-two week high of $216.43. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.33 and a current ratio of 1.64. The stock has a fifty day moving average of $201.09 and a 200-day moving average of $172.89.
NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Sunday, April 25th. The semiconductor provider reported $2.20 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $2.21 by ($0.01). The company had revenue of $2.60 billion during the quarter, compared to analysts' expectations of $2.56 billion. NXP Semiconductors had a negative net margin of 1.70% and a positive return on equity of 17.16%. NXP Semiconductors's revenue for the quarter was up 28.6% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.08) earnings per share. On average, sell-side analysts predict that NXP Semiconductors will post 4.69 EPS for the current year.
In other news, EVP Christopher L. Jensen sold 1,900 shares of the stock in a transaction on Friday, February 5th. The stock was sold at an average price of $183.03, for a total transaction of $347,757.00. Following the transaction, the executive vice president now directly owns 1,211 shares of the company's stock, valued at approximately $221,649.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Kurt Sievers sold 35,886 shares of the stock in a transaction on Thursday, February 11th. The shares were sold at an average price of $192.56, for a total value of $6,910,208.16. Following the transaction, the chief executive officer now directly owns 59,422 shares in the company, valued at $11,442,300.32. The disclosure for this sale can be found here. Insiders sold a total of 87,241 shares of company stock worth $17,264,884 over the last ninety days. 0.56% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cardinal Capital Management lifted its holdings in shares of NXP Semiconductors by 0.6% during the 1st quarter. Cardinal Capital Management now owns 8,882 shares of the semiconductor provider's stock valued at $1,788,000 after buying an additional 55 shares during the period. Arkadios Wealth Advisors lifted its holdings in shares of NXP Semiconductors by 24.5% during the 1st quarter. Arkadios Wealth Advisors now owns 295 shares of the semiconductor provider's stock valued at $59,000 after buying an additional 58 shares during the period. OLD National Bancorp IN lifted its holdings in shares of NXP Semiconductors by 0.3% during the 4th quarter. OLD National Bancorp IN now owns 18,387 shares of the semiconductor provider's stock valued at $2,923,000 after buying an additional 60 shares during the period. Quest Capital Management Inc. ADV lifted its holdings in shares of NXP Semiconductors by 1.7% during the 4th quarter. Quest Capital Management Inc. ADV now owns 3,563 shares of the semiconductor provider's stock valued at $567,000 after buying an additional 60 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in NXP Semiconductors by 1.4% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 4,789 shares of the semiconductor provider's stock worth $762,000 after purchasing an additional 65 shares during the period. 88.95% of the stock is currently owned by hedge funds and other institutional investors.
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 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.
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