NXP Semiconductors (NASDAQ:NXPI) Price Target Increased to $280.00 by Analysts at Needham & Company LLC

NXP Semiconductors (NASDAQ:NXPI) had its target price hoisted by Needham & Company LLC from $250.00 to $280.00 in a report issued on Wednesday morning, Benzinga reports. Needham & Company LLC currently has a buy rating on the semiconductor provider’s stock.

A number of other research firms have also recently weighed in on NXPI. StockNews.com cut NXP Semiconductors from a buy rating to a hold rating in a research note on Tuesday. Barclays upgraded NXP Semiconductors from an equal weight rating to an overweight rating and lifted their target price for the stock from $200.00 to $260.00 in a research report on Tuesday, January 16th. Stifel Nicolaus raised their price target on NXP Semiconductors from $190.00 to $210.00 and gave the stock a hold rating in a report on Tuesday, January 2nd. Cantor Fitzgerald reissued an overweight rating and set a $290.00 price target on shares of NXP Semiconductors in a report on Tuesday. Finally, TD Cowen raised their price target on NXP Semiconductors from $270.00 to $300.00 and gave the stock an outperform rating in a report on Tuesday, March 12th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, NXP Semiconductors currently has an average rating of Moderate Buy and a consensus price target of $257.72.

NXP Semiconductors Price Performance

NASDAQ:NXPI opened at $249.43 on Wednesday. NXP Semiconductors has a one year low of $161.23 and a one year high of $264.26. The stock has a 50 day moving average price of $242.28 and a 200 day moving average price of $220.92. The stock has a market cap of $63.88 billion, a PE ratio of 23.03, a P/E/G ratio of 0.94 and a beta of 1.59. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.39 and a current ratio of 1.91.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Monday, February 5th. The semiconductor provider reported $3.37 EPS for the quarter, topping the consensus estimate of $3.33 by $0.04. NXP Semiconductors had a return on equity of 38.32% and a net margin of 21.24%. The business had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.40 billion. Equities research analysts expect that NXP Semiconductors will post 12.21 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Thursday, March 21st were paid a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $4.06 annualized dividend and a yield of 1.63%. NXP Semiconductors’s payout ratio is 37.49%.

Institutional Trading of NXP Semiconductors

Institutional investors have recently added to or reduced their stakes in the business. Future Financial Wealth Managment LLC bought a new position in shares of NXP Semiconductors during the first quarter worth about $25,000. FinTrust Capital Advisors LLC grew its position in shares of NXP Semiconductors by 75.4% during the fourth quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock worth $26,000 after acquiring an additional 49 shares during the last quarter. LifeSteps Financial Inc. bought a new position in NXP Semiconductors in the 1st quarter valued at about $30,000. Operose Advisors LLC bought a new position in NXP Semiconductors in the 3rd quarter valued at about $26,000. Finally, Valley National Advisers Inc. grew its position in NXP Semiconductors by 98.6% in the 4th quarter. Valley National Advisers Inc. now owns 137 shares of the semiconductor provider’s stock valued at $31,000 after buying an additional 68 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.