Jefferies Financial Group Begins Coverage on NXP Semiconductors (NASDAQ:NXPI)

Research analysts at Jefferies Financial Group started coverage on shares of NXP Semiconductors (NASDAQ:NXPI - Get Free Report) in a research note issued to investors on Monday, MarketBeat reports. The brokerage set a "buy" rating and a $325.00 price target on the semiconductor provider's stock. Jefferies Financial Group's price target would suggest a potential upside of 23.14% from the stock's current price.

Several other brokerages also recently weighed in on NXPI. Truist Financial upped their target price on NXP Semiconductors from $265.00 to $291.00 and gave the stock a "buy" rating in a research note on Wednesday, May 1st. UBS Group boosted their price target on NXP Semiconductors from $230.00 to $270.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 1st. The Goldman Sachs Group boosted their price target on NXP Semiconductors from $240.00 to $275.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 1st. Argus boosted their price target on NXP Semiconductors from $260.00 to $300.00 and gave the stock a "buy" rating in a research report on Wednesday, May 1st. Finally, TD Cowen boosted their price target on NXP Semiconductors from $270.00 to $300.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 12th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat.com, NXP Semiconductors presently has a consensus rating of "Moderate Buy" and a consensus price target of $261.60.

NXP Semiconductors Stock Performance

NASDAQ:NXPI traded up $2.20 during trading hours on Monday, reaching $263.93. The company had a trading volume of 1,395,097 shares, compared to its average volume of 2,349,885. NXP Semiconductors has a 1-year low of $163.26 and a 1-year high of $266.63. The firm has a market cap of $67.48 billion, a PE ratio of 24.37, a price-to-earnings-growth ratio of 0.95 and a beta of 1.54. The business's 50 day moving average price is $244.16 and its 200-day moving average price is $224.64. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.35 and a quick ratio of 1.64.

Institutional Trading of NXP Semiconductors

Several hedge funds have recently modified their holdings of the business. Lincoln National Corp lifted its holdings in shares of NXP Semiconductors by 1.9% in the 4th quarter. Lincoln National Corp now owns 2,473 shares of the semiconductor provider's stock valued at $568,000 after buying an additional 46 shares during the period. Peterson Wealth Services lifted its holdings in shares of NXP Semiconductors by 3.1% in the 1st quarter. Peterson Wealth Services now owns 1,520 shares of the semiconductor provider's stock valued at $377,000 after buying an additional 46 shares during the period. RFG Advisory LLC raised its holdings in NXP Semiconductors by 1.6% during the first quarter. RFG Advisory LLC now owns 2,987 shares of the semiconductor provider's stock worth $740,000 after purchasing an additional 47 shares during the last quarter. IMPACTfolio LLC raised its holdings in NXP Semiconductors by 4.3% during the fourth quarter. IMPACTfolio LLC now owns 1,189 shares of the semiconductor provider's stock worth $273,000 after purchasing an additional 49 shares during the last quarter. Finally, FinTrust Capital Advisors LLC raised its holdings in NXP Semiconductors by 75.4% during the fourth quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider's stock worth $26,000 after purchasing an additional 49 shares during the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

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 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.