NXP Semiconductors (NASDAQ:NXPI) Price Target Increased to $295.00 by Analysts at Oppenheimer

NXP Semiconductors (NASDAQ:NXPI) had its price objective upped by Oppenheimer from $250.00 to $295.00 in a research note published on Wednesday morning, Benzinga reports. They currently have an outperform rating on the semiconductor provider’s stock.

A number of other equities research analysts also recently issued reports on the company. Evercore ISI initiated coverage on NXP Semiconductors in a research report on Tuesday, April 16th. They set an outperform rating and a $300.00 price objective on the stock. Mizuho raised their target price on shares of NXP Semiconductors from $220.00 to $225.00 and gave the stock a neutral rating in a report on Wednesday, February 7th. StockNews.com downgraded shares of NXP Semiconductors from a buy rating to a hold rating in a report on Tuesday. Barclays raised NXP Semiconductors from an equal weight rating to an overweight rating and upped their target price for the company from $200.00 to $260.00 in a research note on Tuesday, January 16th. Finally, Truist Financial increased their price target on NXP Semiconductors from $264.00 to $265.00 and gave the stock a buy rating in a report on Wednesday, February 7th. One investment 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 a consensus price target of $257.72.

NXP Semiconductors Trading Down 2.6 %

NXPI stock opened at $249.43 on Wednesday. The firm has a market cap of $63.88 billion, a PE ratio of 23.03, a price-to-earnings-growth ratio of 0.97 and a beta of 1.54. The firm has a fifty day moving average price of $242.28 and a 200 day moving average price of $220.92. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.39 and a current ratio of 2.35. NXP Semiconductors has a fifty-two week low of $161.23 and a fifty-two week high of $264.26.

NXP Semiconductors (NASDAQ:NXPI) last posted its earnings results on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share for the quarter, topping analysts’ consensus estimates of $3.33 by $0.04. NXP Semiconductors had a net margin of 21.24% and a return on equity of 37.65%. The firm had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.40 billion. Sell-side analysts anticipate that NXP Semiconductors will post 12.21 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Thursday, March 21st were given a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.63%. The ex-dividend date was Wednesday, March 20th. NXP Semiconductors’s payout ratio is 37.49%.

Hedge Funds Weigh In On NXP Semiconductors

Several institutional investors and hedge funds have recently added to or reduced their stakes in NXPI. Future Financial Wealth Managment LLC bought a new stake in shares of NXP Semiconductors in the 1st quarter valued at about $25,000. FinTrust Capital Advisors LLC lifted its position in NXP Semiconductors by 75.4% during the fourth 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 during the last quarter. LifeSteps Financial Inc. purchased a new stake in NXP Semiconductors during the first quarter valued at approximately $30,000. Operose Advisors LLC acquired a new stake in NXP Semiconductors in the third quarter valued at approximately $26,000. Finally, Valley National Advisers Inc. grew its holdings in NXP Semiconductors by 98.6% in the fourth quarter. Valley National Advisers Inc. now owns 137 shares of the semiconductor provider’s stock worth $31,000 after purchasing an additional 68 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

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.