NXP Semiconductors (NASDAQ:NXPI) Price Target Raised to $258.00 at Truist Financial

NXP Semiconductors (NASDAQ:NXPI) had its target price raised by Truist Financial from $245.00 to $258.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have a buy rating on the semiconductor provider’s stock.

Several other equities analysts have also issued reports on NXPI. Stifel Nicolaus lowered their price target on NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating for the company in a research report on Wednesday, February 5th. StockNews.com lowered NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th. TD Cowen decreased their target price on NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Morgan Stanley raised NXP Semiconductors from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $231.00 to $257.00 in a research report on Wednesday, February 12th. Finally, Susquehanna decreased their target price on NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Five analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, NXP Semiconductors presently has an average rating of “Moderate Buy” and a consensus price target of $264.75.

NXP Semiconductors Price Performance

NXPI opened at $228.86 on Tuesday. The stock has a 50-day moving average price of $213.17 and a 200-day moving average price of $227.79. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. The firm has a market cap of $58.17 billion, a PE ratio of 23.52, a P/E/G ratio of 2.64 and a beta of 1.46. NXP Semiconductors has a 1 year low of $198.21 and a 1 year high of $296.08.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Thursday, December 5th were paid a dividend of $1.014 per share. The ex-dividend date was Thursday, December 5th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.77%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 41.73%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Vise Technologies Inc. grew its stake in shares of NXP Semiconductors by 70.8% during the 4th quarter. Vise Technologies Inc. now owns 2,492 shares of the semiconductor provider’s stock valued at $518,000 after acquiring an additional 1,033 shares during the period. Novem Group bought a new position in shares of NXP Semiconductors during the 4th quarter valued at approximately $3,178,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of NXP Semiconductors by 16.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,671,388 shares of the semiconductor provider’s stock valued at $555,248,000 after acquiring an additional 377,048 shares during the period. Voloridge Investment Management LLC boosted its stake in NXP Semiconductors by 131.4% in the 4th quarter. Voloridge Investment Management LLC now owns 1,025,517 shares of the semiconductor provider’s stock worth $213,154,000 after purchasing an additional 582,317 shares during the period. Finally, Waverly Advisors LLC bought a new position in NXP Semiconductors in the 4th quarter worth approximately $1,168,000. 90.54% of the stock is currently owned by institutional investors.

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.