NXP Semiconductors (NASDAQ:NXPI) Price Target Raised to $275.00

NXP Semiconductors (NASDAQ:NXPI) had its price objective hoisted by research analysts at Stifel Nicolaus from $240.00 to $275.00 in a research report issued on Thursday, Benzinga reports. The firm currently has a “hold” rating on the semiconductor provider’s stock. Stifel Nicolaus’ target price would suggest a potential downside of 1.62% from the stock’s current price.

Several other analysts have also recently weighed in on NXPI. JPMorgan Chase & Co. boosted their price target on NXP Semiconductors from $240.00 to $280.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. Morgan Stanley upped their target price on NXP Semiconductors from $247.00 to $275.00 and gave the company an “equal weight” rating in a report on Thursday, July 11th. Evercore ISI upped their target price on NXP Semiconductors from $300.00 to $370.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. UBS Group upped their target price on NXP Semiconductors from $230.00 to $270.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. Finally, Needham & Company LLC upped their target price on NXP Semiconductors from $250.00 to $280.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $282.54.

NXP Semiconductors Price Performance

NASDAQ NXPI traded up $3.24 during trading on Thursday, hitting $279.53. 740,427 shares of the company’s stock were exchanged, compared to its average volume of 2,140,610. The company has a current ratio of 2.35, a quick ratio of 1.64 and a debt-to-equity ratio of 1.11. The company has a market cap of $71.47 billion, a PE ratio of 25.95, a P/E/G ratio of 2.72 and a beta of 1.49. NXP Semiconductors has a fifty-two week low of $167.21 and a fifty-two week high of $296.08. The stock’s 50 day moving average price is $272.73 and its two-hundred day moving average price is $247.53.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Monday, April 29th. The semiconductor provider reported $2.85 EPS for the quarter, topping the consensus estimate of $2.78 by $0.07. The firm had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.13 billion. NXP Semiconductors had a return on equity of 37.65% and a net margin of 21.24%. Research analysts expect that NXP Semiconductors will post 12.47 EPS for the current year.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, CEO Kurt Sievers sold 8,548 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $275.75, for a total transaction of $2,357,111.00. Following the transaction, the chief executive officer now directly owns 177,889 shares in the company, valued at approximately $49,052,891.75. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.11% of the company’s stock.

Institutional Investors Weigh In On NXP Semiconductors

A number of hedge funds have recently made changes to their positions in NXPI. Assenagon Asset Management S.A. increased its holdings in NXP Semiconductors by 46.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 89,297 shares of the semiconductor provider’s stock worth $20,510,000 after acquiring an additional 28,518 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in NXP Semiconductors by 29.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 125,594 shares of the semiconductor provider’s stock worth $28,846,000 after acquiring an additional 28,758 shares during the last quarter. Principal Financial Group Inc. increased its holdings in NXP Semiconductors by 1.0% in the 4th quarter. Principal Financial Group Inc. now owns 330,144 shares of the semiconductor provider’s stock worth $75,827,000 after acquiring an additional 3,262 shares during the last quarter. Stratos Wealth Partners LTD. increased its holdings in NXP Semiconductors by 27.0% in the 4th quarter. Stratos Wealth Partners LTD. now owns 4,788 shares of the semiconductor provider’s stock worth $1,100,000 after acquiring an additional 1,019 shares during the last quarter. Finally, Zhang Financial LLC increased its holdings in NXP Semiconductors by 55.7% in the 1st quarter. Zhang Financial LLC now owns 3,943 shares of the semiconductor provider’s stock worth $977,000 after acquiring an additional 1,411 shares during the last quarter. 90.54% of the stock is currently 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.