NXP Semiconductors (NASDAQ:NXPI) had its price objective raised by Deutsche Bank from $127.00 to $145.00 in a report issued on Friday, The Fly reports. The brokerage currently has a “buy” rating on the semiconductor provider’s stock. Deutsche Bank’s price target indicates a potential upside of 14.30% from the stock’s current price.
Other analysts have also recently issued reports about the company. Zacks Investment Research cut NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Saturday, January 4th. Cowen lifted their price target on NXP Semiconductors from $125.00 to $135.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. S&P Equity Research lifted their price target on NXP Semiconductors from $145.00 to $155.00 in a report on Friday, January 10th. They noted that the move was a valuation call. Piper Jaffray Companies lifted their price target on NXP Semiconductors from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. Finally, Bank of America lifted their price target on NXP Semiconductors from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Four analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $134.74.
NASDAQ:NXPI opened at $126.86 on Friday. The stock has a market cap of $35.46 billion, a P/E ratio of 91.27, a PEG ratio of 1.48 and a beta of 1.24. The stock has a 50 day simple moving average of $129.69 and a 200 day simple moving average of $113.44. The company has a current ratio of 1.90, a quick ratio of 1.54 and a debt-to-equity ratio of 0.78. NXP Semiconductors has a 1-year low of $85.38 and a 1-year high of $137.92.
In other news, EVP Keith M. Shull sold 21,085 shares of NXP Semiconductors stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $119.35, for a total value of $2,516,494.75. Following the transaction, the executive vice president now owns 15,092 shares in the company, valued at approximately $1,801,230.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Stephen Owen sold 8,294 shares of NXP Semiconductors stock in a transaction on 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 transaction, the executive vice president now owns 1,883 shares in the company, valued at approximately $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.
Several institutional investors and hedge funds have recently modified their holdings of the company. Patriot Financial Group Insurance Agency LLC increased its stake in shares of NXP Semiconductors by 7.4% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 1,162 shares of the semiconductor provider’s stock valued at $148,000 after purchasing an additional 80 shares during the last quarter. Lantz Financial LLC increased its stake in shares of NXP Semiconductors by 0.6% in the 4th quarter. Lantz Financial LLC now owns 14,271 shares of the semiconductor provider’s stock valued at $1,816,000 after purchasing an additional 82 shares during the last quarter. Altium Wealth Management LLC increased its stake in shares of NXP Semiconductors by 4.4% in the 4th quarter. Altium Wealth Management LLC now owns 1,986 shares of the semiconductor provider’s stock valued at $253,000 after purchasing an additional 83 shares during the last quarter. ICONIQ Capital LLC increased its stake in shares of NXP Semiconductors by 0.5% in the 3rd quarter. ICONIQ Capital LLC now owns 17,321 shares of the semiconductor provider’s stock valued at $1,896,000 after purchasing an additional 91 shares during the last quarter. Finally, Lenox Wealth Management Inc. increased its stake in shares of NXP Semiconductors by 70.0% in the 4th quarter. Lenox Wealth Management Inc. now owns 221 shares of the semiconductor provider’s stock valued at $28,000 after purchasing an additional 91 shares during the last quarter. Institutional investors own 89.66% of the company’s stock.
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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