UBS Group Boosts NXP Semiconductors (NASDAQ:NXPI) Price Target to $270.00

NXP Semiconductors (NASDAQ:NXPI) had its price objective lifted by UBS Group from $230.00 to $270.00 in a research report sent to investors on Wednesday, Benzinga reports. UBS Group currently has a neutral rating on the semiconductor provider’s stock.

Several other equities analysts have also recently weighed in on the company. Mizuho raised their price objective on NXP Semiconductors from $225.00 to $265.00 and gave the company a neutral rating in a report on Wednesday. Needham & Company LLC raised their price target on NXP Semiconductors from $250.00 to $280.00 and gave the company a buy rating in a research note on Wednesday. Oppenheimer upped their price objective on NXP Semiconductors from $250.00 to $295.00 and gave the stock an outperform rating in a research note on Wednesday. Susquehanna raised their target price 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. Finally, Wolfe Research raised shares of NXP Semiconductors from a peer perform rating to an outperform rating and set a $255.00 price target on the stock in a research report on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of Moderate Buy and an average price target of $257.72.

NXP Semiconductors Price Performance

Shares of NXPI opened at $257.85 on Wednesday. The company has a quick ratio of 1.39, a current ratio of 2.35 and a debt-to-equity ratio of 1.11. NXP Semiconductors has a twelve month low of $161.23 and a twelve month high of $264.26. The stock 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. The company has a 50 day moving average of $242.58 and a 200-day moving average of $221.15.

NXP Semiconductors (NASDAQ:NXPI) last announced 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 business 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 research analysts forecast that NXP Semiconductors will post 12.21 EPS 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 issued 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 was Wednesday, March 20th. NXP Semiconductors’s dividend payout ratio is currently 37.49%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in NXPI. Future Financial Wealth Managment LLC bought a new stake in shares of NXP Semiconductors in the first quarter valued at approximately $25,000. Operose Advisors LLC acquired a new position in NXP Semiconductors in the 3rd quarter valued at $26,000. FinTrust Capital Advisors LLC lifted its position in shares of NXP Semiconductors by 75.4% during the 4th quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock valued at $26,000 after acquiring an additional 49 shares during the period. BluePath Capital Management LLC acquired a new stake in shares of NXP Semiconductors during the 3rd quarter worth $28,000. Finally, LifeSteps Financial Inc. bought a new position in shares of NXP Semiconductors in the first quarter worth $30,000. 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.