UBS Group Raises NXP Semiconductors (NASDAQ:NXPI) Price Target to $270.00

NXP Semiconductors (NASDAQ:NXPI) had its price objective increased by UBS Group from $230.00 to $270.00 in a report published on Wednesday morning, Benzinga reports. UBS Group currently has a neutral rating on the semiconductor provider’s stock.

NXPI has been the topic of several other research reports. Mizuho lifted their price target on shares of NXP Semiconductors from $225.00 to $265.00 and gave the company a neutral rating in a report on Wednesday. JPMorgan Chase & Co. increased their price target on NXP Semiconductors from $240.00 to $280.00 and gave the stock a neutral rating in a research note on Wednesday. Stifel Nicolaus boosted their price objective on NXP Semiconductors from $190.00 to $210.00 and gave the company a hold rating in a research report on Tuesday, January 2nd. Needham & Company LLC upped their price objective on NXP Semiconductors from $250.00 to $280.00 and gave the stock a buy rating in a research note on Wednesday. Finally, StockNews.com downgraded NXP Semiconductors from a buy rating to a hold rating in a research note on Tuesday, April 30th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, NXP Semiconductors presently has a consensus rating of Moderate Buy and an average target price of $257.72.

NXP Semiconductors Trading Up 1.4 %

NASDAQ:NXPI opened at $257.85 on Wednesday. The firm has a market capitalization of $65.93 billion, a price-to-earnings ratio of 23.81, a price-to-earnings-growth ratio of 0.95 and a beta of 1.54. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.35 and a quick ratio of 1.39. The business has a fifty day moving average price of $242.96 and a 200-day moving average price of $221.56. NXP Semiconductors has a one year low of $161.23 and a one year high of $264.26.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Monday, February 5th. The semiconductor provider reported $3.37 EPS for the quarter, topping the consensus estimate of $3.33 by $0.04. NXP Semiconductors had a return on equity of 37.65% and a net margin of 21.24%. The firm had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.40 billion. Sell-side analysts forecast that NXP Semiconductors will post 12.41 EPS for the current year.

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Thursday, March 21st were issued a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend was Wednesday, March 20th. NXP Semiconductors’s dividend payout ratio (DPR) is 37.49%.

Institutional Trading of NXP Semiconductors

Several hedge funds and other institutional investors have recently bought and sold shares of NXPI. McClarren Financial Advisors Inc. boosted its stake in NXP Semiconductors by 12,300.0% during the first quarter. McClarren Financial Advisors Inc. now owns 248 shares of the semiconductor provider’s stock worth $61,000 after buying an additional 246 shares during the period. WBI Investments LLC purchased a new position in shares of NXP Semiconductors during the 1st quarter worth about $5,532,000. Richardson Financial Services Inc. grew its holdings in NXP Semiconductors by 5.4% during the 1st quarter. Richardson Financial Services Inc. now owns 2,516 shares of the semiconductor provider’s stock valued at $623,000 after purchasing an additional 128 shares during the last quarter. Avidian Wealth Solutions LLC raised its position in NXP Semiconductors by 2.1% in the 1st quarter. Avidian Wealth Solutions LLC now owns 3,000 shares of the semiconductor provider’s stock worth $743,000 after purchasing an additional 62 shares during the period. Finally, Mediolanum International Funds Ltd bought a new stake in NXP Semiconductors in the first quarter worth about $5,287,000. Hedge funds and other 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.