Wells Fargo & Company Boosts NXP Semiconductors (NASDAQ:NXPI) Price Target to $250.00

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) had its price target upped by stock analysts at Wells Fargo & Company from $240.00 to $250.00 in a report released on Monday,Benzinga reports. The firm presently has an "overweight" rating on the semiconductor provider's stock. Wells Fargo & Company's target price indicates a potential upside of 14.80% from the company's current price.

Other equities analysts have also issued reports about the stock. Arete Research upgraded shares of NXP Semiconductors to a "strong-buy" rating in a report on Tuesday, March 25th. Needham & Company LLC decreased their price target on NXP Semiconductors from $230.00 to $225.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. Citigroup cut their price objective on NXP Semiconductors from $290.00 to $220.00 and set a "buy" rating for the company in a research report on Friday, April 11th. TD Cowen boosted their price objective on shares of NXP Semiconductors from $185.00 to $210.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Finally, Stifel Nicolaus lowered their target price on shares of NXP Semiconductors from $210.00 to $170.00 and set a "hold" rating for the company in a research note on Thursday, April 17th. Four analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, NXP Semiconductors presently has a consensus rating of "Moderate Buy" and a consensus price target of $244.78.

NXP Semiconductors Price Performance

NXP Semiconductors stock traded up $6.87 during midday trading on Monday, reaching $217.77. The company had a trading volume of 206,397 shares, compared to its average volume of 2,719,225. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. NXP Semiconductors has a 12-month low of $148.09 and a 12-month high of $296.08. The company has a market capitalization of $55.01 billion, a P/E ratio of 22.35, a P/E/G ratio of 3.01 and a beta of 1.39. The firm's fifty day simple moving average is $192.58 and its 200-day simple moving average is $205.03.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The semiconductor provider reported $2.64 EPS for the quarter, topping the consensus estimate of $2.59 by $0.05. The firm 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 31.45% and a net margin of 19.90%. The firm's revenue for the quarter was down 9.3% on a year-over-year basis. During the same period in the previous year, the business earned $3.24 earnings per share. As a group, equities analysts anticipate that NXP Semiconductors will post 10.28 EPS for the current year.

Institutional Investors Weigh In On NXP Semiconductors

A number of hedge funds have recently bought and sold shares of NXPI. Smithfield Trust Co acquired a new stake in NXP Semiconductors in the fourth quarter valued at approximately $32,000. Runnymede Capital Advisors Inc. purchased a new stake in shares of NXP Semiconductors in the 4th quarter valued at approximately $32,000. Hemington Wealth Management raised its holdings in shares of NXP Semiconductors by 50.0% in the 1st quarter. Hemington Wealth Management now owns 177 shares of the semiconductor provider's stock valued at $33,000 after purchasing an additional 59 shares in the last quarter. Valley National Advisers Inc. lifted its position in shares of NXP Semiconductors by 118.9% during the 1st 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. purchased a new stake in shares of NXP Semiconductors during the 4th quarter worth $44,000. Institutional investors and hedge funds 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.

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