NXP Semiconductors (NASDAQ:NXPI) Price Target Raised to $205.00 at Mizuho

NXP Semiconductors (NASDAQ:NXPIGet Rating) had its price objective boosted by Mizuho from $200.00 to $205.00 in a research note issued to investors on Wednesday, The Fly reports. Mizuho’s target price points to a potential upside of 15.12% from the stock’s current price.

Several other research firms also recently weighed in on NXPI. StockNews.com began coverage on shares of NXP Semiconductors in a research report on Thursday, March 31st. They issued a “buy” rating for the company. Bank of America boosted their target price on shares of NXP Semiconductors from $255.00 to $270.00 and gave the stock a “buy” rating in a research report on Monday, January 10th. Needham & Company LLC boosted their price objective on shares of NXP Semiconductors from $300.00 to $320.00 and gave the company a “strong-buy” rating in a research report on Wednesday, February 2nd. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of NXP Semiconductors from $245.00 to $225.00 and set a “buy” rating for the company in a research report on Wednesday, April 20th. Finally, Raymond James boosted their price objective on shares of NXP Semiconductors from $250.00 to $260.00 and gave the company an “outperform” rating in a research report on Wednesday, February 2nd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, NXP Semiconductors has a consensus rating of “Hold” and a consensus target price of $227.05.

NXPI opened at $178.07 on Wednesday. The company has a 50-day moving average of $179.93 and a 200-day moving average of $201.36. The company has a market capitalization of $46.75 billion, a P/E ratio of 22.12, a PEG ratio of 0.67 and a beta of 1.36. NXP Semiconductors has a 1-year low of $164.75 and a 1-year high of $239.91. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.65 and a current ratio of 2.13.

NXP Semiconductors (NASDAQ:NXPIGet Rating) last released its earnings results on Monday, January 31st. The semiconductor provider reported $2.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.67 by $0.12. The company had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $3 billion. NXP Semiconductors had a net margin of 16.91% and a return on equity of 34.33%. During the same quarter in the previous year, the firm earned $2.43 EPS. As a group, sell-side analysts expect that NXP Semiconductors will post 11.53 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the business. Riverview Trust Co acquired a new position in NXP Semiconductors during the 1st quarter valued at about $26,000. Toth Financial Advisory Corp lifted its stake in shares of NXP Semiconductors by 265.1% in the 1st quarter. Toth Financial Advisory Corp now owns 157 shares of the semiconductor provider’s stock worth $29,000 after acquiring an additional 114 shares during the period. Steward Financial Group LLC acquired a new stake in shares of NXP Semiconductors in the 1st quarter worth approximately $30,000. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. acquired a new stake in shares of NXP Semiconductors in the 1st quarter worth approximately $31,000. Finally, Amplius Wealth Advisors LLC acquired a new stake in shares of NXP Semiconductors in the 4th quarter worth approximately $35,000. 89.03% of the stock is owned by hedge funds and other institutional investors.

NXP Semiconductors Company Profile (Get Rating)

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.

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