NXP Semiconductors (NASDAQ:NXPI) Price Target Raised to $210.00 at TD Cowen

NXP Semiconductors (NASDAQ:NXPI - Free Report) had its price target lifted by TD Cowen from $185.00 to $210.00 in a report published on Wednesday morning, MarketBeat Ratings reports. TD Cowen currently has a buy rating on the semiconductor provider's stock.

Several other research firms also recently issued reports on NXPI. Morgan Stanley set a $229.00 price target on NXP Semiconductors in a research note on Monday, April 21st. Barclays cut their target price on NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. decreased their price target on shares of NXP Semiconductors from $260.00 to $240.00 and set a "neutral" rating for the company in a research note on Wednesday, February 5th. Needham & Company LLC cut their price objective on shares of NXP Semiconductors from $230.00 to $225.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. Finally, Truist Financial raised their target price on shares of NXP Semiconductors from $245.00 to $258.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Four research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $250.37.

NXP Semiconductors Trading Down 2.0 %

NXP Semiconductors stock traded down $3.82 during mid-day trading on Wednesday, hitting $184.32. 604,706 shares of the company's stock were exchanged, compared to its average volume of 3,286,720. NXP Semiconductors has a fifty-two week low of $148.09 and a fifty-two week high of $296.08. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $46.75 billion, a P/E ratio of 18.94, a PEG ratio of 3.01 and a beta of 1.40. The company's 50 day simple moving average is $191.96 and its 200-day simple moving average is $211.13.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.05. NXP Semiconductors had a return on equity of 31.45% and a net margin of 19.90%. The business had revenue of $2.84 billion for the quarter, compared to analysts' expectations of $2.83 billion. During the same quarter in the previous year, the business posted $3.24 EPS. NXP Semiconductors's revenue for the quarter was down 9.3% on a year-over-year basis. On average, equities analysts anticipate that NXP Semiconductors will post 10.28 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th were paid a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 2.20%. NXP Semiconductors's dividend payout ratio (DPR) is currently 44.12%.

Insider Buying and Selling

In other news, COO Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction on Monday, March 17th. The stock was sold at an average price of $204.86, for a total transaction of $204,860.00. Following the completion of the sale, the chief operating officer now owns 8,828 shares of the company's stock, valued at approximately $1,808,504.08. This trade represents a 10.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.11% of the stock is currently owned by insiders.

Hedge Funds Weigh In On NXP Semiconductors

Institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC increased its holdings in shares of NXP Semiconductors by 0.3% during the fourth quarter. FMR LLC now owns 25,084,729 shares of the semiconductor provider's stock worth $5,213,861,000 after purchasing an additional 86,716 shares during the period. Vanguard Group Inc. increased its stake in NXP Semiconductors by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 13,322,338 shares of the semiconductor provider's stock worth $2,769,048,000 after acquiring an additional 99,667 shares during the period. Massachusetts Financial Services Co. MA increased its stake in NXP Semiconductors by 1.1% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 8,134,050 shares of the semiconductor provider's stock worth $1,545,958,000 after acquiring an additional 87,820 shares during the period. Geode Capital Management LLC raised its holdings in NXP Semiconductors by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 5,242,415 shares of the semiconductor provider's stock valued at $1,088,094,000 after acquiring an additional 96,483 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of NXP Semiconductors by 6.0% during the 4th quarter. Franklin Resources Inc. now owns 4,729,345 shares of the semiconductor provider's stock valued at $982,994,000 after acquiring an additional 269,656 shares during the period. 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.