NXP Semiconductors (NASDAQ:NXPI) Receives $257.72 Average Target Price from Analysts

Shares of NXP Semiconductors (NASDAQ:NXPI) have earned an average rating of “Moderate Buy” from the twenty analysts that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $257.72.

A number of analysts have recently weighed in on the company. Argus raised their target price on NXP Semiconductors from $260.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Wolfe Research upgraded NXP Semiconductors from a “peer perform” rating to an “outperform” rating and set a $255.00 price objective for the company in a research report on Thursday, January 18th. The Goldman Sachs Group lifted their price objective on NXP Semiconductors from $240.00 to $275.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. Evercore ISI lifted their price objective on NXP Semiconductors from $300.00 to $370.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Finally, Barclays upgraded NXP Semiconductors from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $200.00 to $260.00 in a research report on Tuesday, January 16th.

NXP Semiconductors Stock Performance

Shares of NASDAQ:NXPI opened at $259.63 on Friday. NXP Semiconductors has a twelve month low of $161.23 and a twelve month high of $264.26. The firm has a market cap of $66.38 billion, a PE ratio of 23.97, a price-to-earnings-growth ratio of 0.94 and a beta of 1.54. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.64 and a current ratio of 2.35. The business has a fifty day moving average of $243.28 and a 200-day moving average of $222.43.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share for the quarter, beating analysts’ consensus estimates of $3.33 by $0.04. NXP Semiconductors had a return on equity of 37.65% and a net margin of 21.24%. The company had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.40 billion. On average, equities research analysts predict that NXP Semiconductors will post 12.41 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Thursday, March 21st were issued a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.56%. The ex-dividend date was Wednesday, March 20th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 37.49%.

Hedge Funds Weigh In On NXP Semiconductors

Several institutional investors have recently modified their holdings of the business. Future Financial Wealth Managment LLC bought a new stake in NXP Semiconductors in the 1st quarter valued at approximately $25,000. FinTrust Capital Advisors LLC lifted its stake in NXP Semiconductors by 75.4% in the 4th quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock valued at $26,000 after acquiring an additional 49 shares in the last quarter. LifeSteps Financial Inc. bought a new stake in NXP Semiconductors in the 1st quarter valued at approximately $30,000. Operose Advisors LLC bought a new stake in NXP Semiconductors in the 3rd quarter valued at approximately $26,000. Finally, Valley National Advisers Inc. lifted its stake in NXP Semiconductors by 98.6% in the 4th quarter. Valley National Advisers Inc. now owns 137 shares of the semiconductor provider’s stock valued at $31,000 after acquiring an additional 68 shares in the last quarter. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Company Profile

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.