NXP Semiconductors (NASDAQ:NXPI) Price Target Increased to $270.00 by Analysts at TD Cowen

NXP Semiconductors (NASDAQ:NXPIFree Report) had its target price hoisted by TD Cowen from $250.00 to $270.00 in a research report report published on Wednesday morning, Briefing.com reports. They currently have an outperform rating on the semiconductor provider’s stock.

Several other research firms have also weighed in on NXPI. StockNews.com lowered shares of NXP Semiconductors from a buy rating to a hold rating in a report on Friday, January 26th. Oppenheimer lifted their target price on NXP Semiconductors from $220.00 to $250.00 and gave the stock an outperform rating in a report on Thursday, February 1st. JPMorgan Chase & Co. cut their price objective on NXP Semiconductors from $240.00 to $220.00 and set a neutral rating on the stock in a report on Wednesday, November 8th. Mizuho cut their price target on shares of NXP Semiconductors from $225.00 to $210.00 and set a neutral rating on the stock in a research note on Wednesday, November 8th. Finally, Susquehanna lowered their price objective on shares of NXP Semiconductors from $200.00 to $190.00 and set a neutral rating for the company in a research report on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, NXP Semiconductors currently has a consensus rating of Moderate Buy and an average target price of $237.08.

Check Out Our Latest Stock Report on NXPI

NXP Semiconductors Stock Down 0.7 %

NASDAQ:NXPI opened at $221.37 on Wednesday. The company has a quick ratio of 1.38, a current ratio of 1.91 and a debt-to-equity ratio of 1.14. NXP Semiconductors has a 12-month low of $155.31 and a 12-month high of $238.27. The stock’s fifty day simple moving average is $218.01 and its 200-day simple moving average is $205.70. The firm has a market capitalization of $57.06 billion, a P/E ratio of 20.67, a P/E/G ratio of 0.86 and a beta of 1.57.

NXP Semiconductors (NASDAQ:NXPIGet Free Report) last posted its earnings results on Monday, November 6th. The semiconductor provider reported $3.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.26 by $0.05. The company had revenue of $3.43 billion during the quarter, compared to analyst estimates of $3.39 billion. NXP Semiconductors had a return on equity of 38.94% and a net margin of 21.07%. Equities research analysts expect that NXP Semiconductors will post 13.14 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 5th. Investors of record on Wednesday, December 13th were paid a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend was Tuesday, December 12th. NXP Semiconductors’s dividend payout ratio is presently 37.91%.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $204.00, for a total value of $408,000.00. Following the transaction, the executive vice president now directly owns 40,349 shares of the company’s stock, valued at $8,231,196. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Kurt Sievers sold 8,699 shares of the business’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $218.16, for a total value of $1,897,773.84. Following the completion of the sale, the chief executive officer now directly owns 208,428 shares of the company’s stock, valued at approximately $45,470,652.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jennifer Wuamett sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $204.00, for a total value of $408,000.00. Following the transaction, the executive vice president now directly owns 40,349 shares in the company, valued at $8,231,196. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,261 shares of company stock valued at $4,776,057. 0.13% of the stock is currently owned by insiders.

Institutional Investors Weigh In On NXP Semiconductors

Several hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank acquired a new position in NXP Semiconductors during the fourth quarter worth $326,580,000. Moneta Group Investment Advisors LLC bought a new position in shares of NXP Semiconductors in the fourth quarter valued at approximately $267,123,000. Price T Rowe Associates Inc. MD boosted its position in shares of NXP Semiconductors by 44.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,417,231 shares of the semiconductor provider’s stock valued at $823,704,000 after buying an additional 1,360,582 shares during the last quarter. BlackRock Inc. raised its position in NXP Semiconductors by 5.6% in the 2nd quarter. BlackRock Inc. now owns 18,357,248 shares of the semiconductor provider’s stock valued at $3,757,361,000 after buying an additional 966,022 shares during the last quarter. Finally, Barclays PLC lifted its stake in NXP Semiconductors by 94.6% during the 2nd quarter. Barclays PLC now owns 1,143,813 shares of the semiconductor provider’s stock valued at $234,116,000 after acquiring an additional 556,178 shares in the last quarter. Institutional investors own 90.21% of the company’s stock.

About NXP Semiconductors

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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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Analyst Recommendations for NXP Semiconductors (NASDAQ:NXPI)

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