NXP Semiconductors (NASDAQ:NXPI) Price Target Raised to $275.00

NXP Semiconductors (NASDAQ:NXPI) had its target price upped by The Goldman Sachs Group from $240.00 to $275.00 in a research report report published on Wednesday morning, Benzinga reports. They currently have a neutral rating on the semiconductor provider’s stock.

Other equities research analysts also recently issued reports about the stock. Barclays upgraded shares of 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. JPMorgan Chase & Co. lifted their price target on shares of NXP Semiconductors from $240.00 to $280.00 and gave the stock a neutral rating in a report on Wednesday. StockNews.com lowered NXP Semiconductors from a buy rating to a hold rating in a research report on Tuesday. Truist Financial upped their price target on NXP Semiconductors from $265.00 to $291.00 and gave the company a buy rating in a research report on Wednesday. Finally, Argus raised their price objective on NXP Semiconductors from $260.00 to $300.00 and gave the stock a buy rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus target price of $257.72.

NXP Semiconductors Stock Up 1.4 %

Shares of NXPI opened at $257.85 on Wednesday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.39 and a current ratio of 2.35. NXP Semiconductors has a 52 week low of $161.23 and a 52 week high of $264.26. The stock has a market capitalization of $65.93 billion, a price-to-earnings ratio of 23.81, a PEG ratio of 0.94 and a beta of 1.54. The stock has a fifty day moving average of $242.58 and a 200-day moving average of $221.15.

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

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Thursday, March 21st were given a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend was Wednesday, March 20th. NXP Semiconductors’s payout ratio is 37.49%.

Institutional Trading of NXP Semiconductors

Several hedge funds have recently bought and sold shares of the business. FMR LLC lifted its stake in shares of NXP Semiconductors by 0.4% in the third quarter. FMR LLC now owns 25,779,812 shares of the semiconductor provider’s stock valued at $5,153,900,000 after buying an additional 91,453 shares in the last quarter. Vanguard Group Inc. boosted its stake in NXP Semiconductors by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 11,011,534 shares of the semiconductor provider’s stock valued at $2,529,129,000 after purchasing an additional 118,562 shares during the last quarter. Norges Bank bought a new stake in NXP Semiconductors during the 4th quarter worth approximately $762,077,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in shares of 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 purchasing an additional 2,097,727 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of NXP Semiconductors by 4.4% in the third quarter. Ameriprise Financial Inc. now owns 2,205,035 shares of the semiconductor provider’s stock valued at $440,841,000 after purchasing an additional 92,571 shares in the last quarter. Institutional investors and hedge funds 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.