Stifel Nicolaus Trims NXP Semiconductors (NASDAQ:NXPI) Target Price to $260.00

NXP Semiconductors (NASDAQ:NXPI) had its price target decreased by Stifel Nicolaus from $275.00 to $260.00 in a research note published on Thursday morning, Benzinga reports. Stifel Nicolaus currently has a hold rating on the semiconductor provider’s stock.

A number of other analysts also recently commented on NXPI. Barclays boosted their target price on NXP Semiconductors from $280.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, July 18th. Citigroup lifted their target price on shares of NXP Semiconductors from $150.00 to $220.00 and gave the stock a “sell” rating in a research report on Monday, July 15th. TD Cowen lowered their price target on shares of NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Citic Securities assumed coverage on NXP Semiconductors in a research note on Friday, October 11th. They issued a $288.00 target price on the stock. Finally, Oppenheimer boosted their target price on shares of NXP Semiconductors from $295.00 to $330.00 and gave the company an “outperform” rating in a research note on Friday, July 12th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $288.90.

NXP Semiconductors Price Performance

NXPI stock opened at $233.45 on Thursday. The business has a 50 day simple moving average of $239.56 and a 200-day simple moving average of $252.94. The company has a market capitalization of $59.69 billion, a P/E ratio of 21.56, a PEG ratio of 2.63 and a beta of 1.49. NXP Semiconductors has a twelve month low of $167.21 and a twelve month high of $296.08. The company has a current ratio of 2.21, a quick ratio of 1.52 and a debt-to-equity ratio of 1.04.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share for the quarter, topping analysts’ consensus estimates of $2.82 by $0.38. NXP Semiconductors had a return on equity of 35.65% and a net margin of 21.21%. The company had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same period last year, the firm earned $3.04 EPS. The firm’s revenue for the quarter was down 5.2% on a year-over-year basis. As a group, equities analysts anticipate that NXP Semiconductors will post 11.97 EPS for the current year.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th were paid a $1.014 dividend. The ex-dividend date was Thursday, September 12th. This represents a $4.06 annualized dividend and a dividend yield of 1.74%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 37.40%.

Insider Activity

In other NXP Semiconductors news, insider Julie Southern bought 146 shares of the business’s stock in a transaction on Tuesday, July 30th. The shares were bought at an average cost of $257.54 per share, with a total value of $37,600.84. Following the transaction, the insider now directly owns 11,297 shares in the company, valued at approximately $2,909,429.38. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Julie Southern purchased 146 shares of NXP Semiconductors stock in a transaction dated Tuesday, July 30th. The shares were acquired at an average price of $257.54 per share, with a total value of $37,600.84. Following the completion of the transaction, the insider now owns 11,297 shares of the company’s stock, valued at approximately $2,909,429.38. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jennifer Wuamett sold 3,500 shares of the business’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total value of $813,225.00. Following the completion of the sale, the executive vice president now directly owns 30,269 shares of the company’s stock, valued at approximately $7,033,002.15. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.11% of the company’s stock.

Hedge Funds Weigh In On NXP Semiconductors

A number of hedge funds have recently added to or reduced their stakes in NXPI. Vanguard Group Inc. boosted its holdings in shares of NXP Semiconductors by 17.3% in the 1st quarter. Vanguard Group Inc. now owns 12,921,432 shares of the semiconductor provider’s stock valued at $3,201,543,000 after buying an additional 1,909,898 shares during the period. Bessemer Group Inc. lifted its holdings in shares of NXP Semiconductors by 4,525.6% in the 1st quarter. Bessemer Group Inc. now owns 356,774 shares of the semiconductor provider’s stock worth $88,399,000 after purchasing an additional 349,061 shares during the last quarter. Westfield Capital Management Co. LP grew its stake in NXP Semiconductors by 974.4% during the 1st quarter. Westfield Capital Management Co. LP now owns 374,539 shares of the semiconductor provider’s stock worth $92,799,000 after buying an additional 339,678 shares during the last quarter. Assenagon Asset Management S.A. increased its position in NXP Semiconductors by 1,882.8% in the second quarter. Assenagon Asset Management S.A. now owns 343,522 shares of the semiconductor provider’s stock worth $92,438,000 after buying an additional 326,197 shares during the period. Finally, Van ECK Associates Corp lifted its stake in NXP Semiconductors by 24.6% in the first quarter. Van ECK Associates Corp now owns 1,644,696 shares of the semiconductor provider’s stock valued at $407,506,000 after buying an additional 325,187 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

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.