NXP Semiconductors (NASDAQ:NXPI) PT Raised to $300.00 at Argus

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) had its price objective lifted by stock analysts at Argus from $260.00 to $300.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has a "buy" rating on the semiconductor provider's stock. Argus' price target indicates a potential upside of 20.27% from the company's previous close.

NXPI has been the topic of several other reports. JPMorgan Chase & Co. increased their price target on shares of NXP Semiconductors from $240.00 to $280.00 and gave the company a "neutral" rating in a research note on Wednesday. Mizuho raised their price target on NXP Semiconductors from $225.00 to $265.00 and gave the company a "neutral" rating in a report on Wednesday. Truist Financial upped their target price on shares of NXP Semiconductors from $265.00 to $291.00 and gave the company a "buy" rating in a research report on Wednesday. TD Cowen upped their target price on shares of NXP Semiconductors from $270.00 to $300.00 and gave the company an "outperform" rating in a research report on Tuesday, March 12th. Finally, Evercore ISI raised their price target on NXP Semiconductors from $300.00 to $370.00 and gave the stock an "outperform" rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $257.72.

NXP Semiconductors Price Performance

Shares of NXPI stock traded down $6.76 during trading hours on Wednesday, hitting $249.43. The company had a trading volume of 3,538,397 shares, compared to its average volume of 2,400,691. The firm's fifty day moving average is $242.00 and its 200 day moving average is $220.72. NXP Semiconductors has a 12 month low of $161.23 and a 12 month high of $264.26. The firm has a market capitalization of $63.88 billion, a price-to-earnings ratio of 22.88, a PEG ratio of 0.94 and a beta of 1.59. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.39 and a current ratio of 1.91.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced its earnings results on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.33 by $0.04. The business had revenue of $3.42 billion during the quarter, compared to analysts' expectations of $3.40 billion. NXP Semiconductors had a net margin of 21.24% and a return on equity of 38.32%. On average, sell-side analysts predict that NXP Semiconductors will post 12.21 EPS for the current fiscal year.

Hedge Funds Weigh In On NXP Semiconductors

Hedge funds have recently modified their holdings of the stock. Future Financial Wealth Managment LLC acquired a new position in NXP Semiconductors during the first quarter valued at approximately $25,000. FinTrust Capital Advisors LLC boosted its holdings in shares of NXP Semiconductors by 75.4% in the 4th quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider's stock valued at $26,000 after buying an additional 49 shares during the last quarter. LifeSteps Financial Inc. acquired a new stake in shares of NXP Semiconductors in the 1st quarter valued at approximately $30,000. Operose Advisors LLC bought a new position in shares of NXP Semiconductors in the third quarter valued at $26,000. Finally, Valley National Advisers Inc. increased its holdings in NXP Semiconductors by 98.6% during the fourth quarter. Valley National Advisers Inc. now owns 137 shares of the semiconductor provider's stock worth $31,000 after buying an additional 68 shares during the last quarter. Institutional investors own 90.54% of the company's stock.

NXP Semiconductors Company Profile

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.