NXP Semiconductors (NASDAQ:NXPI) PT Lowered to $230.00 at Needham & Company LLC

NXP Semiconductors (NASDAQ:NXPI) had its price objective cut by Needham & Company LLC from $250.00 to $230.00 in a report issued on Wednesday morning, Benzinga reports. They currently have a buy rating on the semiconductor provider’s stock.

NXPI has been the topic of a number of other reports. Mizuho lifted their price target on NXP Semiconductors from $220.00 to $225.00 in a research note on Wednesday, July 26th. Piper Sandler boosted their target price on shares of NXP Semiconductors from $180.00 to $230.00 in a research report on Wednesday, July 26th. Argus increased their price target on shares of NXP Semiconductors from $230.00 to $260.00 and gave the company a buy rating in a report on Wednesday, July 26th. Stifel Nicolaus boosted their price objective on shares of NXP Semiconductors from $168.00 to $200.00 and gave the stock a hold rating in a report on Thursday, July 20th. Finally, Barclays upped their target price on shares of NXP Semiconductors from $170.00 to $215.00 and gave the stock an equal weight rating in a research report on Thursday, July 20th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of Hold and a consensus target price of $223.88.

NXP Semiconductors Price Performance

Shares of NASDAQ:NXPI opened at $186.67 on Wednesday. NXP Semiconductors has a 52 week low of $150.90 and a 52 week high of $225.57. The company has a 50-day moving average price of $193.13 and a 200 day moving average price of $194.01. The company has a market cap of $48.12 billion, a P/E ratio of 17.30, a PEG ratio of 0.87 and a beta of 1.56. The company has a quick ratio of 1.31, a current ratio of 1.92 and a debt-to-equity ratio of 1.20.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 5th. Investors of record on Wednesday, September 13th were paid a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date was Tuesday, September 12th. NXP Semiconductors’s payout ratio is currently 37.53%.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 11,394 shares of the company’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $199.80, for a total value of $2,276,521.20. Following the transaction, the executive vice president now directly owns 27,569 shares in the company, valued at approximately $5,508,286.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.13% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its holdings in NXP Semiconductors by 0.5% in the 1st quarter. JPMorgan Chase & Co. now owns 26,149,320 shares of the semiconductor provider’s stock valued at $4,876,193,000 after buying an additional 135,849 shares during the period. FMR LLC boosted its position in shares of NXP Semiconductors by 8.1% in the first quarter. FMR LLC now owns 25,290,635 shares of the semiconductor provider’s stock worth $4,716,071,000 after acquiring an additional 1,898,766 shares during the last quarter. BlackRock Inc. grew its holdings in NXP Semiconductors by 5.6% in the second quarter. BlackRock Inc. now owns 18,357,248 shares of the semiconductor provider’s stock valued at $3,757,361,000 after purchasing an additional 966,022 shares during the period. Vanguard Group Inc. grew its holdings in NXP Semiconductors by 2.0% in the first quarter. Vanguard Group Inc. now owns 10,793,360 shares of the semiconductor provider’s stock valued at $1,997,635,000 after purchasing an additional 210,979 shares during the period. Finally, State Street Corp increased its position in NXP Semiconductors by 1.8% during the second quarter. State Street Corp now owns 10,194,157 shares of the semiconductor provider’s stock worth $2,096,655,000 after purchasing an additional 182,173 shares during the last quarter. 90.21% of the stock is currently owned by institutional investors and hedge funds.

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.