UBS Group Forecasts Strong Price Appreciation for NXP Semiconductors (NASDAQ:NXPI) Stock

NXP Semiconductors (NASDAQ:NXPI - Free Report) had its price objective boosted by UBS Group from $250.00 to $276.00 in a research note issued to investors on Wednesday,Benzinga reports. UBS Group currently has a buy rating on the semiconductor provider's stock.

Other equities research analysts have also recently issued reports about the company. Stifel Nicolaus dropped their price target on NXP Semiconductors from $210.00 to $170.00 and set a "hold" rating for the company in a report on Thursday, April 17th. TD Cowen raised their target price on NXP Semiconductors from $185.00 to $210.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Citigroup cut their price target on NXP Semiconductors from $290.00 to $220.00 and set a "buy" rating for the company in a report on Friday, April 11th. Evercore ISI reissued an "outperform" rating and set a $289.00 price objective (up previously from $237.00) on shares of NXP Semiconductors in a report on Thursday, June 12th. Finally, Needham & Company LLC lowered their price objective on shares of NXP Semiconductors from $230.00 to $225.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. Four investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $246.22.

NXP Semiconductors Price Performance

Shares of NASDAQ:NXPI traded up $1.59 on Wednesday, hitting $232.74. The stock had a trading volume of 1,299,390 shares, compared to its average volume of 2,753,622. The firm's 50 day moving average price is $205.65 and its 200-day moving average price is $204.93. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.47 and a current ratio of 2.09. NXP Semiconductors has a twelve month low of $148.09 and a twelve month high of $296.08. The company has a market capitalization of $58.80 billion, a price-to-earnings ratio of 25.35, a price-to-earnings-growth ratio of 2.89 and a beta of 1.40.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.05. The firm had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.83 billion. NXP Semiconductors had a net margin of 19.16% and a return on equity of 29.62%. The firm's quarterly revenue was down 9.3% on a year-over-year basis. During the same period last year, the firm posted $3.24 EPS. On average, equities research analysts predict that NXP Semiconductors will post 10.28 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Wednesday, June 25th will be paid a dividend of $1.014 per share. The ex-dividend date of this dividend is Wednesday, June 25th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.74%. NXP Semiconductors's dividend payout ratio (DPR) is presently 44.23%.

Insider Buying and Selling

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 transaction of $2,100,360.00. Following the transaction, the executive vice president owned 27,088 shares in the company, valued at approximately $6,230,240. This trade represents a 25.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.12% of the company's stock.

Institutional Trading of NXP Semiconductors

A number of hedge funds have recently modified their holdings of the company. Smithfield Trust Co acquired a new stake in NXP Semiconductors in the fourth quarter worth $32,000. Runnymede Capital Advisors Inc. bought a new position in shares of NXP Semiconductors during the 4th quarter valued at about $32,000. Hemington Wealth Management lifted its holdings in shares of NXP Semiconductors by 50.0% during the 1st quarter. Hemington Wealth Management now owns 177 shares of the semiconductor provider's stock valued at $33,000 after purchasing an additional 59 shares in the last quarter. Valley National Advisers Inc. grew its position in shares of NXP Semiconductors by 118.9% in the 1st quarter. Valley National Advisers Inc. now owns 232 shares of the semiconductor provider's stock valued at $43,000 after purchasing an additional 126 shares during the period. Finally, Ameriflex Group Inc. bought a new stake in NXP Semiconductors during the 4th quarter worth approximately $44,000. 90.54% of the stock is currently 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.