NXP Semiconductors (NASDAQ:NXPI) Price Target Increased to $175.00 by Analysts at Credit Suisse Group

NXP Semiconductors (NASDAQ:NXPI) had its price objective upped by Credit Suisse Group from $150.00 to $175.00 in a research report released on Wednesday morning, The Fly reports. Credit Suisse Group currently has an outperform rating on the semiconductor provider’s stock.

A number of other equities research analysts have also recently commented on NXPI. Raymond James raised their target price on NXP Semiconductors from $130.00 to $150.00 and gave the company an outperform rating in a research report on Friday, October 9th. 140166 restated a hold rating and set a $110.00 target price on shares of NXP Semiconductors in a research report on Tuesday, July 28th. JPMorgan Chase & Co. lifted their price objective on NXP Semiconductors from $111.00 to $128.00 and gave the stock a neutral rating in a report on Wednesday, July 29th. Mizuho lifted their price objective on NXP Semiconductors from $152.00 to $155.00 and gave the stock a buy rating in a report on Wednesday. Finally, Needham & Company LLC lifted their price objective on NXP Semiconductors from $170.00 to $200.00 and gave the stock a strong-buy rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, seven have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $147.59.

NASDAQ NXPI opened at $129.77 on Wednesday. NXP Semiconductors has a fifty-two week low of $58.41 and a fifty-two week high of $145.15. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.33 and a current ratio of 1.74. The firm has a market capitalization of $36.23 billion, a P/E ratio of -1,853.86, a PEG ratio of 3.28 and a beta of 1.40. The stock has a 50-day simple moving average of $129.99 and a two-hundred day simple moving average of $114.87.

NXP Semiconductors (NASDAQ:NXPI) last posted its earnings results on Monday, July 27th. The semiconductor provider reported $0.41 EPS for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.08). NXP Semiconductors had a negative net margin of 0.14% and a positive return on equity of 19.47%. The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.81 billion. As a group, analysts forecast that NXP Semiconductors will post 4.15 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, October 5th. Shareholders of record on Tuesday, September 15th were given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend was Monday, September 14th. NXP Semiconductors’s payout ratio is 18.66%.

In other NXP Semiconductors 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 sale, the executive vice president now owns 6,148 shares of the company’s stock, valued at $737,760. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.56% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the company. Jacobi Capital Management LLC increased its position in shares of 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 acquiring an additional 6,079 shares during the period. Kore Private Wealth LLC purchased a new stake in shares of NXP Semiconductors during the second quarter worth $28,000. Cordasco Financial Network increased its position in shares of 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 acquiring an additional 85 shares during the period. RMR Wealth Builders purchased a new stake in shares of NXP Semiconductors during the second quarter worth $41,000. Finally, San Francisco Sentry Investment Group CA increased its position in shares of 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 acquiring an additional 100 shares during the period. 89.70% of the stock is currently owned by institutional investors and hedge funds.

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 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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