Needham & Company LLC Raises NXP Semiconductors (NASDAQ:NXPI) Price Target to $280.00

NXP Semiconductors (NASDAQ:NXPI) had its price target lifted by Needham & Company LLC from $250.00 to $280.00 in a research note published on Wednesday, Benzinga reports. Needham & Company LLC currently has a buy rating on the semiconductor provider’s stock.

A number of other analysts also recently issued reports on the stock. TD Cowen lifted their price objective on shares of NXP Semiconductors from $270.00 to $300.00 and gave the stock an outperform rating in a report on Tuesday, March 12th. Stifel Nicolaus lifted their price target on NXP Semiconductors from $190.00 to $210.00 and gave the stock a hold rating in a research note on Tuesday, January 2nd. Mizuho increased their price objective on NXP Semiconductors from $220.00 to $225.00 and gave the company a neutral rating in a research report on Wednesday, February 7th. Wolfe Research upgraded NXP Semiconductors from a peer perform rating to an outperform rating and set a $255.00 target price for the company in a research report on Thursday, January 18th. Finally, StockNews.com lowered NXP Semiconductors from a buy rating to a hold rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, NXP Semiconductors currently has a consensus rating of Moderate Buy and an average price target of $257.72.

NXP Semiconductors Price Performance

Shares of NASDAQ NXPI opened at $257.85 on Wednesday. The stock’s 50-day simple moving average is $242.58 and its two-hundred day simple moving average is $221.15. NXP Semiconductors has a twelve month low of $161.23 and a twelve month high of $264.26. The firm has a market capitalization of $65.93 billion, a P/E ratio of 23.81, a P/E/G ratio of 0.94 and a beta of 1.54. The company has a quick ratio of 1.39, a current ratio of 2.35 and a debt-to-equity ratio of 1.11.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share for the quarter, topping the consensus estimate of $3.33 by $0.04. NXP Semiconductors had a net margin of 21.24% and a return on equity of 37.65%. The company had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.40 billion. As a group, equities analysts anticipate that NXP Semiconductors will post 12.21 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Thursday, March 21st were given a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend was Wednesday, March 20th. NXP Semiconductors’s dividend payout ratio is currently 37.49%.

Institutional Trading of NXP Semiconductors

Large investors have recently bought and sold shares of the company. Future Financial Wealth Managment LLC bought a new stake in shares of NXP Semiconductors during the first quarter valued at approximately $25,000. Operose Advisors LLC purchased a new position in NXP Semiconductors during the third quarter valued at $26,000. FinTrust Capital Advisors LLC boosted its holdings in shares of NXP Semiconductors by 75.4% during the 4th quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock valued at $26,000 after buying an additional 49 shares in the last quarter. BluePath Capital Management LLC purchased a new stake in shares of NXP Semiconductors in the 3rd quarter worth about $28,000. Finally, LifeSteps Financial Inc. bought a new position in shares of NXP Semiconductors in the 1st quarter worth about $30,000. 90.54% of the stock is owned by institutional investors.

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 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.