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

Key Points

• Stifel Nicolaus raised its price target on NXP to $250 from $215 while maintaining a "hold," and MarketBeat's consensus target is about $250.59 with a consensus rating of "Moderate Buy."
• NXP beat expectations last quarter with $3.35 EPS (vs. $3.31 est.) and $3.34B revenue (vs. $3.30B), and analysts forecast roughly 12.51 EPS for the current fiscal year.
• Shares opened at $244.04 with a market cap of ~$61.6B and a P/E of ~30.7; insiders own 0.12% while institutions hold about 90.5%, and an EVP sold 1,000 shares in March.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) had its target price upped by analysts at Stifel Nicolaus from $215.00 to $250.00 in a research report issued to clients and investors on Friday,MarketScreener reports. The firm presently has a "hold" rating on the semiconductor provider's stock. Stifel Nicolaus' price target suggests a potential upside of 2.44% from the company's current price.

A number of other brokerages also recently commented on NXPI. JPMorgan Chase & Co. increased their price objective on NXP Semiconductors from $245.00 to $250.00 and gave the company a "neutral" rating in a research report on Wednesday, February 4th. Mizuho restated an "underperform" rating and issued a $188.00 target price (down from $255.00) on shares of NXP Semiconductors in a report on Thursday, April 16th. Morgan Stanley reaffirmed an "overweight" rating on shares of NXP Semiconductors in a research report on Friday, January 16th. Barclays reaffirmed an "overweight" rating and set a $255.00 target price on shares of NXP Semiconductors in a report on Thursday, January 15th. Finally, Cantor Fitzgerald reissued an "overweight" rating on shares of NXP Semiconductors in a research note on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, NXP Semiconductors currently has a consensus rating of "Moderate Buy" and a consensus price target of $250.59.

NXP Semiconductors Stock Performance

NASDAQ:NXPI opened at $244.04 on Friday. The company has a 50-day moving average of $210.76 and a 200-day moving average of $216.97. The firm has a market cap of $61.63 billion, a price-to-earnings ratio of 30.74, a price-to-earnings-growth ratio of 1.10 and a beta of 1.46. The company has a current ratio of 2.05, a quick ratio of 1.38 and a debt-to-equity ratio of 1.09. NXP Semiconductors has a twelve month low of $176.26 and a twelve month high of $256.36.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its earnings results on Tuesday, February 3rd. The semiconductor provider reported $3.35 EPS for the quarter, beating the consensus estimate of $3.31 by $0.04. The business had revenue of $3.34 billion during the quarter, compared to analyst estimates of $3.30 billion. NXP Semiconductors had a net margin of 16.47% and a return on equity of 26.72%. The business's quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the business earned $3.18 earnings per share. Analysts forecast that NXP Semiconductors will post 12.51 earnings per share for the current fiscal year.

Insider Buying and Selling

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $194.58, for a total transaction of $194,580.00. Following the transaction, the executive vice president owned 9,942 shares of the company's stock, valued at $1,934,514.36. The trade was a 9.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.12% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NXPI. Keybank National Association OH boosted its stake in shares of NXP Semiconductors by 11.7% during the 1st quarter. Keybank National Association OH now owns 3,182 shares of the semiconductor provider's stock valued at $626,000 after buying an additional 334 shares during the period. Fulton Bank N.A. increased its position in NXP Semiconductors by 2.0% in the 1st quarter. Fulton Bank N.A. now owns 4,317 shares of the semiconductor provider's stock worth $850,000 after purchasing an additional 84 shares during the last quarter. USS Investment Management Ltd increased its position in NXP Semiconductors by 2.5% in the 1st quarter. USS Investment Management Ltd now owns 47,226 shares of the semiconductor provider's stock worth $9,297,000 after purchasing an additional 1,138 shares during the last quarter. Carmel Capital Management L.L.C. raised its stake in shares of NXP Semiconductors by 6.4% during the 1st quarter. Carmel Capital Management L.L.C. now owns 65,862 shares of the semiconductor provider's stock worth $12,966,000 after purchasing an additional 3,950 shares in the last quarter. Finally, IFM Investors Pty Ltd lifted its holdings in shares of NXP Semiconductors by 6.0% during the 1st quarter. IFM Investors Pty Ltd now owns 52,785 shares of the semiconductor provider's stock valued at $10,391,000 after buying an additional 2,979 shares during the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

NXP Semiconductors Company Profile

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP's offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.

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