NXP Semiconductors (NASDAQ:NXPI) Price Target Cut to $230.00 by Analysts at Needham & Company LLC

NXP Semiconductors (NASDAQ:NXPI) had its price target reduced by Needham & Company LLC from $250.00 to $230.00 in a research report report published on Wednesday,Benzinga reports. They currently have a buy rating on the semiconductor provider’s stock.

Several other equities research analysts also recently weighed in on NXPI. UBS Group lowered their price target on NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Oppenheimer dropped their target price on shares of NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Mizuho set a $290.00 price target on shares of NXP Semiconductors in a research note on Friday, October 18th. Susquehanna lowered their price objective on shares of NXP Semiconductors from $250.00 to $235.00 and set a “neutral” rating for the company in a research note on Wednesday, January 22nd. Finally, Truist Financial cut their target price on NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $263.15.

NXP Semiconductors Trading Up 5.4 %

NASDAQ NXPI opened at $213.24 on Wednesday. NXP Semiconductors has a 52 week low of $198.21 and a 52 week high of $296.08. The company has a 50 day moving average price of $214.68 and a 200 day moving average price of $230.36. The company has a quick ratio of 1.60, a current ratio of 2.35 and a debt-to-equity ratio of 0.99. The firm has a market cap of $54.20 billion, a PE ratio of 20.35, a price-to-earnings-growth ratio of 3.14 and a beta of 1.46.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, beating the consensus estimate of $3.43 by $0.02. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The firm had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.25 billion. During the same quarter in the prior year, the business posted $3.31 EPS. The business’s revenue for the quarter was down 5.4% compared to the same quarter last year. As a group, sell-side analysts forecast that NXP Semiconductors will post 11.33 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Thursday, December 5th were issued a $1.014 dividend. The ex-dividend date was Thursday, December 5th. This represents a $4.06 dividend on an annualized basis and a yield of 1.90%. NXP Semiconductors’s payout ratio is 41.62%.

Institutional Trading of NXP Semiconductors

Institutional investors and hedge funds have recently made changes to their positions in the business. Algert Global LLC purchased a new stake in NXP Semiconductors in the 2nd quarter worth $331,000. Czech National Bank grew its position in shares of NXP Semiconductors by 6.6% in the third quarter. Czech National Bank now owns 51,891 shares of the semiconductor provider’s stock valued at $12,454,000 after purchasing an additional 3,198 shares during the period. GAMMA Investing LLC increased its stake in shares of NXP Semiconductors by 16.6% during the third quarter. GAMMA Investing LLC now owns 2,235 shares of the semiconductor provider’s stock worth $536,000 after purchasing an additional 318 shares in the last quarter. Diversified Trust Co raised its position in shares of NXP Semiconductors by 57.5% during the 3rd quarter. Diversified Trust Co now owns 5,051 shares of the semiconductor provider’s stock worth $1,212,000 after purchasing an additional 1,843 shares during the last quarter. Finally, Mather Group LLC. lifted its stake in NXP Semiconductors by 43.5% in the 3rd quarter. Mather Group LLC. now owns 812 shares of the semiconductor provider’s stock valued at $195,000 after buying an additional 246 shares in the last quarter. 90.54% of the stock is currently owned by hedge funds and other 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.