NXP Semiconductors (NASDAQ:NXPI) Price Target Raised to $275.00 at KeyCorp

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) had its target price raised by equities researchers at KeyCorp from $240.00 to $275.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an "overweight" rating on the semiconductor provider's stock. KeyCorp's price target would suggest a potential upside of 18.20% from the company's current price.

Other analysts have also issued reports about the company. Needham & Company LLC lowered their target price on NXP Semiconductors from $230.00 to $225.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. Stifel Nicolaus lowered their price objective on NXP Semiconductors from $210.00 to $170.00 and set a "hold" rating for the company in a research report on Thursday, April 17th. Barclays lowered their price objective on NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Morgan Stanley set a $229.00 price objective on NXP Semiconductors in a research report on Monday, April 21st. Finally, UBS Group lifted their price objective on NXP Semiconductors from $250.00 to $276.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Four investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $250.63.

NXP Semiconductors Price Performance

NXP Semiconductors stock traded up $6.66 during mid-day trading on Tuesday, hitting $232.66. 763,955 shares of the company were exchanged, compared to its average volume of 2,749,493. The company has a quick ratio of 1.47, a current ratio of 2.09 and a debt-to-equity ratio of 1.10. The business has a fifty day moving average of $206.25 and a 200 day moving average of $204.99. NXP Semiconductors has a 1-year low of $148.09 and a 1-year high of $296.08. The company has a market capitalization of $58.78 billion, a PE ratio of 25.34, a price-to-earnings-growth ratio of 2.89 and a beta of 1.40.

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 (EPS) for the quarter, topping the consensus estimate of $2.59 by $0.05. NXP Semiconductors had a return on equity of 29.62% and a net margin of 19.16%. The firm had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same period in the prior year, the company posted $3.24 earnings per share. The business's revenue for the quarter was down 9.3% compared to the same quarter last year. As a group, sell-side analysts expect that NXP Semiconductors will post 10.28 earnings per share for the current year.

Insider Buying and Selling

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 9,132 shares of the company's stock in a transaction on 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 transaction, the executive vice president directly owned 27,088 shares of the company's stock, valued at $6,230,240. This represents a 25.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.12% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On NXP Semiconductors

A number of hedge funds have recently added to or reduced their stakes in the stock. NBC Securities Inc. increased its stake in NXP Semiconductors by 3.2% during the 2nd quarter. NBC Securities Inc. now owns 13,800 shares of the semiconductor provider's stock worth $3,015,000 after acquiring an additional 427 shares during the period. Parallel Advisors LLC increased its stake in NXP Semiconductors by 15.4% during the 2nd quarter. Parallel Advisors LLC now owns 2,183 shares of the semiconductor provider's stock worth $477,000 after acquiring an additional 292 shares during the period. Greenfield Savings Bank boosted its holdings in shares of NXP Semiconductors by 24.5% in the 2nd quarter. Greenfield Savings Bank now owns 1,674 shares of the semiconductor provider's stock valued at $366,000 after purchasing an additional 329 shares in the last quarter. Howard Financial Services LTD. boosted its holdings in shares of NXP Semiconductors by 5.1% in the 2nd quarter. Howard Financial Services LTD. now owns 1,768 shares of the semiconductor provider's stock valued at $386,000 after purchasing an additional 85 shares in the last quarter. Finally, Jacobs & Co. CA boosted its holdings in shares of NXP Semiconductors by 3.3% in the 2nd quarter. Jacobs & Co. CA now owns 25,730 shares of the semiconductor provider's stock valued at $5,621,000 after purchasing an additional 815 shares in the last quarter. Institutional investors own 90.54% of the company's stock.

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.

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