Brokerages Set NXP Semiconductors (NASDAQ:NXPI) Target Price at $274.14

Shares of NXP Semiconductors (NASDAQ:NXPI) have earned an average rating of “Moderate Buy” from the twenty ratings firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $274.14.

Several research firms have recently commented on NXPI. Truist Financial lowered their price objective on shares of NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. TD Cowen dropped their price target on NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Susquehanna cut their price objective on NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating on the stock in a report on Wednesday, November 6th. Mizuho set a $290.00 target price on NXP Semiconductors in a report on Friday, October 18th. Finally, Citic Securities started coverage on NXP Semiconductors in a research report on Friday, October 11th. They issued a $288.00 target price on the stock.

Hedge Funds Weigh In On NXP Semiconductors

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. GDS Wealth Management lifted its position in shares of NXP Semiconductors by 7.7% during the 3rd quarter. GDS Wealth Management now owns 55,740 shares of the semiconductor provider’s stock worth $13,378,000 after buying an additional 3,985 shares during the last quarter. HITE Hedge Asset Management LLC purchased a new stake in NXP Semiconductors in the third quarter valued at $13,445,000. Banque Cantonale Vaudoise lifted its position in NXP Semiconductors by 60.2% in the third quarter. Banque Cantonale Vaudoise now owns 25,850 shares of the semiconductor provider’s stock valued at $6,204,000 after acquiring an additional 9,710 shares during the last quarter. Mackenzie Financial Corp boosted its stake in NXP Semiconductors by 21.1% in the second quarter. Mackenzie Financial Corp now owns 154,293 shares of the semiconductor provider’s stock valued at $41,519,000 after acquiring an additional 26,851 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of NXP Semiconductors by 1.9% during the third quarter. Principal Financial Group Inc. now owns 303,895 shares of the semiconductor provider’s stock worth $72,938,000 after purchasing an additional 5,722 shares during the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

NXP Semiconductors Stock Down 1.4 %

NASDAQ:NXPI opened at $207.27 on Friday. The company’s 50-day simple moving average is $228.47 and its 200-day simple moving average is $245.15. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.60 and a current ratio of 2.35. NXP Semiconductors has a fifty-two week low of $201.58 and a fifty-two week high of $296.08. The stock has a market capitalization of $52.68 billion, a P/E ratio of 19.78, a P/E/G ratio of 4.37 and a beta of 1.46.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, beating analysts’ consensus estimates of $3.43 by $0.02. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The company had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.25 billion. During the same period last year, the business posted $3.31 earnings per share. The firm’s revenue was down 5.4% compared to the same quarter last year. On average, equities analysts anticipate that NXP Semiconductors will post 11.33 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th will be given a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend is Thursday, December 5th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 38.65%.

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.