Brokerages Set NXP Semiconductors (NASDAQ:NXPI) Target Price at $257.72

NXP Semiconductors (NASDAQ:NXPI) has been assigned an average recommendation of “Moderate Buy” from the twenty ratings firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $257.72.

Several analysts have weighed in on the stock. Morgan Stanley boosted their target price on shares of NXP Semiconductors from $221.00 to $224.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. Needham & Company LLC upped their target price on NXP Semiconductors from $250.00 to $280.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Mizuho raised their target price on NXP Semiconductors from $225.00 to $265.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. TD Cowen boosted their price target on NXP Semiconductors from $270.00 to $300.00 and gave the company an “outperform” rating in a research note on Tuesday, March 12th. Finally, Oppenheimer increased their price objective on NXP Semiconductors from $250.00 to $295.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Future Financial Wealth Managment LLC acquired a new position in NXP Semiconductors during the first quarter worth $25,000. Operose Advisors LLC purchased a new stake in shares of NXP Semiconductors during the third quarter worth about $26,000. FinTrust Capital Advisors LLC raised 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 worth $26,000 after purchasing an additional 49 shares during the last quarter. BluePath Capital Management LLC acquired a new stake in NXP Semiconductors in the 3rd quarter worth about $28,000. Finally, LifeSteps Financial Inc. purchased a new stake in NXP Semiconductors during the 1st quarter worth approximately $30,000. 90.54% of the stock is owned by institutional investors and hedge funds.

NXP Semiconductors Stock Up 0.6 %

Shares of NXPI stock opened at $260.21 on Friday. The stock’s fifty day moving average price is $243.53 and its 200 day moving average price is $222.94. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.35 and a quick ratio of 1.64. NXP Semiconductors has a 1-year low of $161.23 and a 1-year high of $264.26. The company has a market cap of $66.53 billion, a price-to-earnings ratio of 24.03, a price-to-earnings-growth ratio of 0.94 and a beta of 1.54.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share for the quarter, topping analysts’ consensus estimates of $3.33 by $0.04. The business had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.40 billion. NXP Semiconductors had a return on equity of 37.65% and a net margin of 21.24%. On average, research analysts expect that NXP Semiconductors will post 12.41 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Thursday, March 21st were issued a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.56%. The ex-dividend date was Wednesday, March 20th. NXP Semiconductors’s payout ratio is currently 37.40%.

NXP Semiconductors Company Profile

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.