NXP Semiconductors (NASDAQ:NXPI) PT Raised to $280.00

NXP Semiconductors (NASDAQ:NXPI) had its price target upped by JPMorgan Chase & Co. from $240.00 to $280.00 in a research report report published on Wednesday, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the semiconductor provider’s stock.

Several other analysts also recently weighed in on the company. TD Cowen lifted their target price on NXP Semiconductors from $270.00 to $300.00 and gave the company an outperform rating in a research note on Tuesday, March 12th. Wolfe Research raised shares of NXP Semiconductors from a peer perform rating to an outperform rating and set a $255.00 price objective for the company in a report on Thursday, January 18th. Needham & Company LLC raised their target price on shares of NXP Semiconductors from $250.00 to $280.00 and gave the company a buy rating in a research note on Wednesday. Oppenheimer boosted their price target on shares of NXP Semiconductors from $250.00 to $295.00 and gave the stock an outperform rating in a research report on Wednesday. Finally, Susquehanna raised their price objective on shares of NXP Semiconductors from $200.00 to $225.00 and gave the company a neutral rating in a research note on Wednesday, February 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, NXP Semiconductors has a consensus rating of Moderate Buy and a consensus price target of $257.72.

NXP Semiconductors Stock Up 1.4 %

NXP Semiconductors stock 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 one year low of $161.23 and a one year high of $264.26. The company has a 50-day simple moving average of $242.58 and a 200-day simple moving average of $221.15. The firm has a market capitalization of $65.93 billion, a P/E ratio of 23.81, a P/E/G ratio of 0.94 and a beta of 1.54.

NXP Semiconductors (NASDAQ:NXPI) last posted its 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. The firm had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $3.40 billion. NXP Semiconductors had a net margin of 21.24% and a return on equity of 37.65%. As a group, equities analysts expect that NXP Semiconductors will post 12.21 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

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 $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.57%. The ex-dividend date was Wednesday, March 20th. NXP Semiconductors’s dividend payout ratio (DPR) is currently 37.49%.

Institutional Investors Weigh In On NXP Semiconductors

Hedge funds have recently made changes to their positions in the company. Commonwealth Equity Services LLC boosted its position in shares of NXP Semiconductors by 11.2% in the third quarter. Commonwealth Equity Services LLC now owns 54,261 shares of the semiconductor provider’s stock worth $10,848,000 after buying an additional 5,471 shares during the period. Xponance Inc. grew its stake in NXP Semiconductors by 0.9% during the 3rd quarter. Xponance Inc. now owns 21,921 shares of the semiconductor provider’s stock valued at $4,382,000 after acquiring an additional 192 shares in the last quarter. Mission Wealth Management LP increased its holdings in shares of NXP Semiconductors by 190.4% in the 3rd quarter. Mission Wealth Management LP now owns 3,313 shares of the semiconductor provider’s stock valued at $662,000 after purchasing an additional 2,172 shares during the period. Dakota Wealth Management purchased a new stake in shares of NXP Semiconductors in the third quarter worth approximately $591,000. Finally, Raymond James & Associates boosted its holdings in shares of NXP Semiconductors by 1.1% during the third quarter. Raymond James & Associates now owns 915,890 shares of the semiconductor provider’s stock worth $183,105,000 after purchasing an additional 10,286 shares during the period. Hedge funds and other 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.