NXP Semiconductors (NASDAQ:NXPI) PT Raised to $291.00 at Truist Financial

NXP Semiconductors (NASDAQ:NXPIGet Free Report) had its price objective increased by equities research analysts at Truist Financial from $265.00 to $291.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the semiconductor provider’s stock. Truist Financial’s target price would suggest a potential upside of 14.45% from the company’s current price.

Several other equities research analysts have also issued reports on NXPI. StockNews.com lowered shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Tuesday. Evercore ISI initiated coverage on shares of NXP Semiconductors in a research report on Tuesday, April 16th. They set an “outperform” rating and a $300.00 target price for the company. JPMorgan Chase & Co. lifted their target price on shares of NXP Semiconductors from $220.00 to $240.00 and gave the company a “neutral” rating in a research report on Wednesday, February 7th. Mizuho lifted their target price on shares of NXP Semiconductors from $220.00 to $225.00 and gave the company a “neutral” rating in a research report on Wednesday, February 7th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $290.00 price objective on shares of NXP Semiconductors in a report on Tuesday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and an average target price of $257.72.

Read Our Latest Analysis on NXPI

NXP Semiconductors Price Performance

Shares of NASDAQ:NXPI opened at $254.26 on Wednesday. The company has a 50 day moving average of $242.58 and a 200 day moving average of $221.15. The stock has a market cap of $65.01 billion, a P/E ratio of 23.48, a P/E/G ratio of 0.95 and a beta of 1.54. NXP Semiconductors has a 12 month low of $161.23 and a 12 month high of $264.26. The company has a current ratio of 2.35, a quick ratio of 1.39 and a debt-to-equity ratio of 1.11.

NXP Semiconductors (NASDAQ:NXPIGet Free Report) last announced its earnings results on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.33 by $0.04. NXP Semiconductors had a net margin of 21.24% and a return on equity of 37.65%. The business had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.40 billion. As a group, sell-side analysts forecast that NXP Semiconductors will post 12.21 EPS for the current fiscal year.

Institutional Trading of NXP Semiconductors

Several large investors have recently modified their holdings of NXPI. Norges Bank bought a new stake in shares of NXP Semiconductors in the fourth quarter worth about $762,077,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in NXP Semiconductors by 893.2% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,332,578 shares of the semiconductor provider’s stock worth $535,747,000 after buying an additional 2,097,727 shares during the period. Public Employees Retirement Association of Colorado purchased a new stake in NXP Semiconductors in the fourth quarter worth about $164,044,000. Kodai Capital Management LP purchased a new stake in NXP Semiconductors in the fourth quarter worth about $125,319,000. Finally, International Assets Investment Management LLC lifted its holdings in NXP Semiconductors by 21,013.6% in the fourth quarter. International Assets Investment Management LLC now owns 515,172 shares of the semiconductor provider’s stock worth $118,325,000 after buying an additional 512,732 shares during the period. 90.54% of the stock is owned by institutional investors.

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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