NXP Semiconductors (NASDAQ:NXPI) Stock Price Expected to Rise, Truist Financial Analyst Says

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) had its price objective raised by equities researchers at Truist Financial from $230.00 to $252.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the semiconductor provider's stock. Truist Financial's target price would indicate a potential upside of 12.28% from the stock's current price.

A number of other research analysts have also recently weighed in on the company. Arete Research upgraded NXP Semiconductors to a "strong-buy" rating in a research report on Tuesday, March 25th. JPMorgan Chase & Co. increased their price objective on shares of NXP Semiconductors from $205.00 to $240.00 and gave the company a "neutral" rating in a research note on Wednesday. Morgan Stanley set a $229.00 target price on shares of NXP Semiconductors in a report on Monday, April 21st. Evercore ISI reaffirmed an "outperform" rating and issued a $289.00 price target (up previously from $237.00) on shares of NXP Semiconductors in a report on Thursday, June 12th. Finally, Citigroup raised their price objective on shares of NXP Semiconductors from $210.00 to $275.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. Four investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, NXP Semiconductors has an average rating of "Moderate Buy" and an average target price of $256.05.

NXP Semiconductors Price Performance

NXP Semiconductors stock traded down $0.28 during mid-day trading on Wednesday, reaching $224.43. The company had a trading volume of 2,409,549 shares, compared to its average volume of 2,647,729. The stock's 50-day simple moving average is $214.92 and its 200-day simple moving average is $206.45. NXP Semiconductors has a 1 year low of $148.09 and a 1 year high of $264.54. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.74 and a quick ratio of 1.47. The company has a market capitalization of $56.70 billion, a P/E ratio of 26.75, a P/E/G ratio of 2.66 and a beta of 1.40.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its quarterly earnings results on Monday, July 21st. The semiconductor provider reported $2.72 earnings per share for the quarter, topping analysts' consensus estimates of $2.66 by $0.06. The business had revenue of $2.93 billion for the quarter, compared to analysts' expectations of $2.90 billion. NXP Semiconductors had a return on equity of 27.72% and a net margin of 17.72%. The company's revenue was down 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.20 EPS. On average, equities analysts predict that NXP Semiconductors will post 10.28 EPS for the current year.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 9,132 shares of the firm's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $230.00, for a total value of $2,100,360.00. Following the sale, the executive vice president directly owned 27,088 shares of the company's stock, valued at approximately $6,230,240. This trade represents a 25.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.12% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Dynamic Advisor Solutions LLC grew its holdings in NXP Semiconductors by 15.2% in the first quarter. Dynamic Advisor Solutions LLC now owns 5,281 shares of the semiconductor provider's stock valued at $1,004,000 after purchasing an additional 698 shares during the period. Sowell Financial Services LLC acquired a new position in shares of NXP Semiconductors in the 1st quarter valued at $320,000. Farther Finance Advisors LLC grew its stake in shares of NXP Semiconductors by 133.5% during the 1st quarter. Farther Finance Advisors LLC now owns 2,153 shares of the semiconductor provider's stock valued at $409,000 after buying an additional 1,231 shares during the period. M&T Bank Corp increased its holdings in shares of NXP Semiconductors by 14.5% during the 1st quarter. M&T Bank Corp now owns 7,436 shares of the semiconductor provider's stock worth $1,413,000 after buying an additional 943 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in shares of NXP Semiconductors by 18.2% during the 1st quarter. Nisa Investment Advisors LLC now owns 12,653 shares of the semiconductor provider's stock worth $2,418,000 after buying an additional 1,951 shares during the last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

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.