NXP Semiconductors (NASDAQ:NXPI) Given New $200.00 Price Target at Needham & Company LLC

NXP Semiconductors (NASDAQ:NXPI) had its price target raised by Needham & Company LLC from $170.00 to $200.00 in a research note released on Wednesday morning, Anlyst Ratings reports. They currently have a strong-buy rating on the semiconductor provider’s stock.

Other analysts have also issued research reports about the company. Barclays upped their target price on NXP Semiconductors from $130.00 to $150.00 and gave the stock an overweight rating in a report on Friday, October 9th. JPMorgan Chase & Co. upped their target price on NXP Semiconductors from $111.00 to $128.00 and gave the stock a neutral rating in a report on Wednesday, July 29th. Wells Fargo & Company upped their target price on NXP Semiconductors from $145.00 to $165.00 and gave the stock an overweight rating in a report on Friday, October 9th. Mizuho upped their target price on NXP Semiconductors from $152.00 to $155.00 and gave the stock a buy rating in a report on Wednesday. Finally, Piper Sandler upped their target price on NXP Semiconductors from $130.00 to $160.00 and gave the stock an overweight rating in a report on Friday, October 9th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $147.59.

Shares of NXP Semiconductors stock opened at $129.77 on Wednesday. The firm has a market cap of $36.23 billion, a price-to-earnings ratio of -1,853.86, a price-to-earnings-growth ratio of 3.28 and a beta of 1.40. The stock’s 50-day moving average is $129.99 and its 200-day moving average is $114.87. NXP Semiconductors has a one year low of $58.41 and a one year high of $145.15. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.74 and a quick ratio of 1.33.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Monday, July 27th. The semiconductor provider reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.08). The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.81 billion. NXP Semiconductors had a negative net margin of 0.14% and a positive return on equity of 19.47%. On average, equities analysts expect that NXP Semiconductors will post 4.15 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, October 5th. Investors of record on Tuesday, September 15th were paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend was Monday, September 14th. NXP Semiconductors’s dividend payout ratio (DPR) is currently 18.66%.

In related news, EVP Jennifer Wuamett sold 2,505 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $120.00, for a total value of $300,600.00. Following the completion of the sale, the executive vice president now directly owns 6,148 shares in the company, valued at $737,760. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.56% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jacobi Capital Management LLC lifted its stake in NXP Semiconductors by 2,643.0% during the second quarter. Jacobi Capital Management LLC now owns 6,309 shares of the semiconductor provider’s stock worth $26,000 after purchasing an additional 6,079 shares during the last quarter. Kore Private Wealth LLC bought a new stake in NXP Semiconductors during the second quarter worth $28,000. Cordasco Financial Network lifted its stake in NXP Semiconductors by 45.7% during the third quarter. Cordasco Financial Network now owns 271 shares of the semiconductor provider’s stock worth $34,000 after purchasing an additional 85 shares during the last quarter. RMR Wealth Builders bought a new stake in NXP Semiconductors during the second quarter worth $41,000. Finally, San Francisco Sentry Investment Group CA lifted its stake in NXP Semiconductors by 33.2% during the second quarter. San Francisco Sentry Investment Group CA now owns 401 shares of the semiconductor provider’s stock worth $46,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 89.70% 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 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.

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Analyst Recommendations for NXP Semiconductors (NASDAQ:NXPI)

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