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

NXP Semiconductors (NASDAQ:NXPI - Free Report) had its target price upped by Susquehanna from $195.00 to $210.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The firm currently has a neutral rating on the semiconductor provider's stock.

NXPI has been the subject of several other reports. UBS Group raised their target price on NXP Semiconductors from $250.00 to $276.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Wells Fargo & Company lifted their price objective on NXP Semiconductors from $250.00 to $260.00 and gave the stock an "overweight" rating in a research report on Wednesday. Barclays lifted their price objective on NXP Semiconductors from $190.00 to $220.00 and gave the stock an "overweight" rating in a research report on Tuesday. Stifel Nicolaus boosted their target price on NXP Semiconductors from $170.00 to $210.00 and gave the company a "hold" rating in a research report on Friday, July 18th. Finally, Evercore ISI reaffirmed an "outperform" rating and issued a $289.00 target price (up from $237.00) on shares of NXP Semiconductors in a research report on Thursday, June 12th. Four investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $256.05.

NXP Semiconductors Price Performance

Shares of NXPI traded down $1.14 during trading hours on Wednesday, reaching $223.29. The stock had a trading volume of 2,160,678 shares, compared to its average volume of 2,632,921. NXP Semiconductors has a 12 month low of $148.09 and a 12 month high of $264.54. The stock has a market capitalization of $56.41 billion, a PE ratio of 26.61, a PEG ratio of 2.55 and a beta of 1.40. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.47 and a current ratio of 1.74. The company's 50-day moving average is $215.14 and its two-hundred day moving average is $206.52.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced its quarterly earnings results on Monday, July 21st. The semiconductor provider reported $2.72 EPS for the quarter, beating analysts' consensus estimates of $2.66 by $0.06. NXP Semiconductors had a return on equity of 27.72% and a net margin of 17.72%. The company had revenue of $2.93 billion during the quarter, compared to analysts' expectations of $2.90 billion. During the same period in the prior year, the company earned $3.20 EPS. NXP Semiconductors's revenue was down 6.4% compared to the same quarter last year. Research analysts expect that NXP Semiconductors will post 10.28 EPS for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 25th were paid a $1.014 dividend. The ex-dividend date was Wednesday, June 25th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.82%. NXP Semiconductors's payout ratio is presently 48.39%.

Insider Buying and Selling at NXP Semiconductors

In other news, EVP Jennifer Wuamett sold 9,132 shares of the business's stock in a transaction that occurred 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 owned 27,088 shares in the company, valued at $6,230,240. The trade was a 25.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.12% of the stock is owned by insiders.

Hedge Funds Weigh In On NXP Semiconductors

Several institutional investors have recently bought and sold shares of NXPI. Norges Bank purchased a new position in NXP Semiconductors in the fourth quarter valued at approximately $672,224,000. Wellington Management Group LLP lifted its stake in NXP Semiconductors by 11.7% in the first quarter. Wellington Management Group LLP now owns 12,731,044 shares of the semiconductor provider's stock valued at $2,419,662,000 after purchasing an additional 1,330,474 shares during the last quarter. Nuveen LLC purchased a new position in NXP Semiconductors in the first quarter valued at approximately $219,878,000. Price T Rowe Associates Inc. MD lifted its stake in NXP Semiconductors by 33.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,342,675 shares of the semiconductor provider's stock valued at $635,310,000 after purchasing an additional 839,113 shares during the last quarter. Finally, Voloridge Investment Management LLC lifted its stake in NXP Semiconductors by 131.4% in the fourth quarter. Voloridge Investment Management LLC now owns 1,025,517 shares of the semiconductor provider's stock valued at $213,154,000 after purchasing an additional 582,317 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company's stock.

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.