NXP Semiconductors (NASDAQ:NXPI) Price Target Raised to $250.00

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) had its price objective hoisted by stock analysts at Cantor Fitzgerald from $225.00 to $250.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an "overweight" rating on the semiconductor provider's stock. Cantor Fitzgerald's price objective suggests a potential upside of 17.59% from the stock's previous close.

Other equities analysts also recently issued reports about the stock. Wells Fargo & Company raised their price target on shares of NXP Semiconductors from $240.00 to $250.00 and gave the stock an "overweight" rating in a research note on Monday. Citigroup decreased their target price on shares of NXP Semiconductors from $290.00 to $220.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Truist Financial upped their price target on NXP Semiconductors from $245.00 to $258.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Evercore ISI reissued an "outperform" rating and issued a $289.00 price objective (up previously from $237.00) on shares of NXP Semiconductors in a research note on Thursday, June 12th. Finally, Mizuho lifted their target price on NXP Semiconductors from $240.00 to $255.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. Four equities research 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, NXP Semiconductors currently has an average rating of "Moderate Buy" and a consensus target price of $244.78.

NXP Semiconductors Stock Performance

NXPI stock traded down $0.23 during midday trading on Wednesday, reaching $212.60. The stock had a trading volume of 248,543 shares, compared to its average volume of 2,717,445. The firm has a fifty day simple moving average of $194.40 and a two-hundred day simple moving average of $205.00. NXP Semiconductors has a 52-week low of $148.09 and a 52-week high of $296.08. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.47 and a current ratio of 2.09. The stock has a market cap of $53.71 billion, a PE ratio of 23.16, a P/E/G ratio of 2.71 and a beta of 1.39.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $2.84 billion during the quarter, compared to analysts' expectations of $2.83 billion. NXP Semiconductors had a return on equity of 29.62% and a net margin of 19.16%. The company's revenue for the quarter was down 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.24 EPS. As a group, equities research analysts anticipate that NXP Semiconductors will post 10.28 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Smithfield Trust Co acquired a new stake in NXP Semiconductors in the fourth quarter valued at $32,000. Runnymede Capital Advisors Inc. purchased a new position in NXP Semiconductors in the 4th quarter valued at about $32,000. Hemington Wealth Management lifted its stake in shares of NXP Semiconductors by 50.0% during the first quarter. Hemington Wealth Management now owns 177 shares of the semiconductor provider's stock valued at $33,000 after buying an additional 59 shares during the period. Valley National Advisers Inc. boosted its holdings in shares of NXP Semiconductors by 118.9% during the first quarter. Valley National Advisers Inc. now owns 232 shares of the semiconductor provider's stock worth $43,000 after purchasing an additional 126 shares during the last quarter. Finally, Ameriflex Group Inc. acquired a new stake in NXP Semiconductors in the 4th quarter worth about $44,000. 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.

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