NXP Semiconductors (NASDAQ:NXPI) had its price target boosted by S&P Equity Research from $145.00 to $155.00 in a research note released on Friday, January 10th, The Fly reports. The analysts noted that the move was a valuation call.
Several other equities research analysts have also recently issued reports on NXPI. Cowen raised their price objective on NXP Semiconductors from $125.00 to $135.00 and gave the stock an outperform rating in a report on Wednesday, October 30th. Mizuho upgraded NXP Semiconductors from a neutral rating to a buy rating and raised their price objective for the stock from $108.00 to $130.00 in a report on Tuesday, November 5th. Morgan Stanley raised their price objective on NXP Semiconductors from $121.00 to $140.00 and gave the stock an overweight rating in a report on Wednesday, December 18th. ValuEngine upgraded NXP Semiconductors from a sell rating to a hold rating in a report on Tuesday, October 1st. Finally, Bank of America lifted their target price on NXP Semiconductors from $140.00 to $145.00 and gave the company a buy rating in a report on Tuesday, December 10th. Four research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of $132.89.
NXP Semiconductors stock opened at $130.45 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.54 and a current ratio of 1.90. The stock has a fifty day moving average of $128.87 and a two-hundred day moving average of $112.75. The company has a market capitalization of $36.61 billion, a price-to-earnings ratio of 93.85, a PEG ratio of 1.51 and a beta of 1.24. NXP Semiconductors has a fifty-two week low of $82.61 and a fifty-two week high of $137.92.
NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Monday, October 28th. The semiconductor provider reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.57. NXP Semiconductors had a return on equity of 23.37% and a net margin of 4.51%. The business had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.24 billion. On average, analysts forecast that NXP Semiconductors will post 6.4 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Monday, December 16th were paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date was Friday, December 13th. NXP Semiconductors’s dividend payout ratio is presently 25.25%.
In other news, EVP Keith M. Shull sold 21,085 shares of NXP Semiconductors stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $119.35, for a total transaction of $2,516,494.75. Following the sale, the executive vice president now directly owns 15,092 shares of the company’s stock, valued at $1,801,230.20. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Stephen Owen sold 8,294 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $122.00, for a total value of $1,011,868.00. Following the completion of the sale, the executive vice president now directly owns 1,883 shares of the company’s stock, valued at $229,726. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,416 shares of company stock worth $4,245,127.
A number of institutional investors have recently made changes to their positions in NXPI. Patriot Financial Group Insurance Agency LLC boosted its holdings in NXP Semiconductors by 7.4% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 1,162 shares of the semiconductor provider’s stock worth $148,000 after purchasing an additional 80 shares in the last quarter. Lantz Financial LLC boosted its holdings in NXP Semiconductors by 0.6% during the fourth quarter. Lantz Financial LLC now owns 14,271 shares of the semiconductor provider’s stock valued at $1,816,000 after acquiring an additional 82 shares during the period. Altium Wealth Management LLC boosted its holdings in NXP Semiconductors by 4.4% during the fourth quarter. Altium Wealth Management LLC now owns 1,986 shares of the semiconductor provider’s stock valued at $253,000 after acquiring an additional 83 shares during the period. ICONIQ Capital LLC boosted its holdings in NXP Semiconductors by 0.5% during the third quarter. ICONIQ Capital LLC now owns 17,321 shares of the semiconductor provider’s stock valued at $1,896,000 after acquiring an additional 91 shares during the period. Finally, CWM LLC boosted its holdings in NXP Semiconductors by 16.8% during the fourth quarter. CWM LLC now owns 640 shares of the semiconductor provider’s stock valued at $81,000 after acquiring an additional 92 shares during the period. 89.66% of the stock is owned by hedge funds and other institutional investors.
NXP Semiconductors Company Profile
NXP Semiconductors N.V., a semiconductor company, provides high performance mixed signal solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. The company offers products for audio and visual head-end unit applications, such as single-chip radio solutions, multi-standard radios, audio amplifiers and power analog products, and i.MX applications processors; in-vehicle networking products; two-way secure entry products; various sensors and microcontrollers; power management solutions; battery cell controllers; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.
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