Wells Fargo & Company Boosts NXP Semiconductors (NASDAQ:NXPI) Price Target to $305.00

NXP Semiconductors (NASDAQ:NXPI) had its price target boosted by investment analysts at Wells Fargo & Company from $265.00 to $305.00 in a research note issued to investors on Tuesday,MarketScreener reports. Wells Fargo & Company‘s price target points to a potential upside of 1.28% from the stock’s previous close.

A number of other research firms have also recently weighed in on NXPI. Evercore increased their price target on NXP Semiconductors from $260.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Morgan Stanley upped their price objective on shares of NXP Semiconductors from $299.00 to $335.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Jefferies Financial Group increased their price objective on shares of NXP Semiconductors from $265.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Sanford C. Bernstein raised their target price on shares of NXP Semiconductors from $240.00 to $270.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 29th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of NXP Semiconductors in a research note on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $295.92.

NXP Semiconductors Stock Up 1.8%

NXP Semiconductors stock opened at $301.14 on Tuesday. The company has a current ratio of 2.24, a quick ratio of 1.55 and a debt-to-equity ratio of 1.00. NXP Semiconductors has a 1-year low of $183.00 and a 1-year high of $339.95. The company has a fifty day simple moving average of $262.29 and a 200 day simple moving average of $235.52. The company has a market cap of $76.03 billion, a P/E ratio of 28.82, a price-to-earnings-growth ratio of 1.07 and a beta of 1.77.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share for the quarter, topping analysts’ consensus estimates of $2.98 by $0.07. The firm had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.14 billion. NXP Semiconductors had a return on equity of 26.75% and a net margin of 21.03%.The business’s revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.64 earnings per share. Research analysts anticipate that NXP Semiconductors will post 13.38 earnings per share for the current fiscal year.

Insider Activity at NXP Semiconductors

In related news, EVP Andrew Hardy sold 5,289 shares of NXP Semiconductors stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $235.00, for a total transaction of $1,242,915.00. Following the sale, the executive vice president directly owned 2,020 shares of the company’s stock, valued at approximately $474,700. The trade was a 72.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $194.58, for a total transaction of $194,580.00. Following the completion of the transaction, the executive vice president directly owned 9,942 shares of the company’s stock, valued at approximately $1,934,514.36. The trade was a 9.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 12,611 shares of company stock valued at $3,061,078. 0.05% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in NXPI. MGO One Seven LLC lifted its holdings in shares of NXP Semiconductors by 63.0% in the fourth quarter. MGO One Seven LLC now owns 13,870 shares of the semiconductor provider’s stock valued at $3,011,000 after purchasing an additional 5,359 shares in the last quarter. Teacher Retirement System of Texas grew its holdings in NXP Semiconductors by 16.4% during the fourth quarter. Teacher Retirement System of Texas now owns 45,366 shares of the semiconductor provider’s stock worth $9,847,000 after buying an additional 6,379 shares in the last quarter. ING Groep NV grew its holdings in NXP Semiconductors by 27.5% during the third quarter. ING Groep NV now owns 104,850 shares of the semiconductor provider’s stock worth $23,877,000 after buying an additional 22,631 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in NXP Semiconductors by 21.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,227,516 shares of the semiconductor provider’s stock valued at $507,241,000 after acquiring an additional 398,250 shares in the last quarter. Finally, Cibc World Market Inc. boosted its holdings in NXP Semiconductors by 293.6% during the 3rd quarter. Cibc World Market Inc. now owns 38,543 shares of the semiconductor provider’s stock worth $8,777,000 after acquiring an additional 28,751 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. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.