UBS Group Forecasts Strong Price Appreciation for NXP Semiconductors (NASDAQ:NXPI) Stock

NXP Semiconductors (NASDAQ:NXPI) had its price target raised by UBS Group from $250.00 to $276.00 in a report published on Wednesday,Benzinga reports. They currently have a buy rating on the semiconductor provider’s stock.

A number of other analysts also recently weighed in on the stock. TD Cowen boosted their target price on shares of NXP Semiconductors from $185.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, April 30th. Arete Research upgraded shares of NXP Semiconductors to a “strong-buy” rating in a report on Tuesday, March 25th. Morgan Stanley set a $229.00 target price on shares of NXP Semiconductors in a report on Monday, April 21st. Citigroup reduced their target price on shares of NXP Semiconductors from $290.00 to $220.00 and set a “buy” rating on the stock in a report on Friday, April 11th. Finally, Wells Fargo & Company boosted their target price on shares of NXP Semiconductors from $240.00 to $250.00 and gave the stock an “overweight” rating in a report on Monday, June 16th. Four equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, NXP Semiconductors has a consensus rating of “Moderate Buy” and a consensus target price of $246.22.

NXP Semiconductors Stock Performance

Shares of NASDAQ NXPI opened at $232.74 on Wednesday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.47 and a current ratio of 2.09. The company has a market cap of $58.80 billion, a P/E ratio of 25.35, a P/E/G ratio of 2.89 and a beta of 1.40. The firm’s fifty day moving average is $205.65 and its two-hundred day moving average is $204.93. NXP Semiconductors has a 52-week low of $148.09 and a 52-week high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.59 by $0.05. The company had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.83 billion. NXP Semiconductors had a net margin of 19.16% and a return on equity of 29.62%. NXP Semiconductors’s revenue for the quarter was down 9.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.24 EPS. As a group, analysts anticipate that NXP Semiconductors will post 10.28 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th will be given a $1.014 dividend. The ex-dividend date is Wednesday, June 25th. This represents a $4.06 annualized dividend and a yield of 1.74%. NXP Semiconductors’s dividend payout ratio (DPR) is 44.23%.

Insider Transactions at NXP Semiconductors

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 9,132 shares of the business’s stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $230.00, for a total value of $2,100,360.00. Following the completion of the sale, the executive vice president directly owned 27,088 shares of the company’s stock, valued at $6,230,240. The trade was a 25.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.12% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On NXP Semiconductors

Several large investors have recently added to or reduced their stakes in the stock. Runnymede Capital Advisors Inc. purchased a new stake in shares of NXP Semiconductors in the 4th quarter worth approximately $32,000. Smithfield Trust Co purchased a new stake in shares of NXP Semiconductors in the 4th quarter worth approximately $32,000. Hemington Wealth Management lifted its position in shares of NXP Semiconductors by 50.0% in the 1st quarter. Hemington Wealth Management now owns 177 shares of the semiconductor provider’s stock worth $33,000 after purchasing an additional 59 shares during the period. Ameriflex Group Inc. purchased a new stake in shares of NXP Semiconductors in the 4th quarter worth approximately $44,000. Finally, Valley National Advisers Inc. lifted its position in shares of NXP Semiconductors by 118.9% in the 1st quarter. Valley National Advisers Inc. now owns 232 shares of the semiconductor provider’s stock worth $43,000 after purchasing an additional 126 shares during the period. 90.54% of the stock is owned by hedge funds and other institutional investors.

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.