NXP Semiconductors (NASDAQ:NXPI) Price Target Raised to $280.00 at JPMorgan Chase & Co.

NXP Semiconductors (NASDAQ:NXPI) had its target price boosted by JPMorgan Chase & Co. from $240.00 to $280.00 in a report issued on Wednesday, Benzinga reports. They currently have a neutral rating on the semiconductor provider’s stock.

Other equities research analysts have also issued research reports about the company. Stifel Nicolaus raised their price objective on NXP Semiconductors from $190.00 to $210.00 and gave the company a hold rating in a research note on Tuesday, January 2nd. Susquehanna raised their price target on shares of NXP Semiconductors from $200.00 to $225.00 and gave the stock a neutral rating in a research report on Wednesday, February 7th. Mizuho upped 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. Morgan Stanley raised their price objective on shares of NXP Semiconductors from $221.00 to $224.00 and gave the stock an equal weight rating in a report on Wednesday, February 7th. Finally, Oppenheimer upped their target price on shares of NXP Semiconductors from $250.00 to $295.00 and gave the company an outperform rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of $257.72.

NXP Semiconductors Trading Up 1.4 %

NXPI opened at $257.85 on Wednesday. The firm’s 50 day moving average is $242.96 and its 200-day moving average is $221.56. NXP Semiconductors has a 52-week low of $161.23 and a 52-week high of $264.26. The company has a quick ratio of 1.39, a current ratio of 2.35 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $65.93 billion, a P/E ratio of 23.81, a P/E/G ratio of 0.95 and a beta of 1.54.

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

NXP Semiconductors Announces Dividend

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

Institutional Trading of NXP Semiconductors

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. McClarren Financial Advisors Inc. lifted its holdings in shares of NXP Semiconductors by 12,300.0% during the first quarter. McClarren Financial Advisors Inc. now owns 248 shares of the semiconductor provider’s stock valued at $61,000 after purchasing an additional 246 shares during the last quarter. WBI Investments LLC acquired a new position in shares of NXP Semiconductors during the first quarter worth approximately $5,532,000. Richardson Financial Services Inc. grew its position in NXP Semiconductors by 5.4% in the 1st quarter. Richardson Financial Services Inc. now owns 2,516 shares of the semiconductor provider’s stock worth $623,000 after purchasing an additional 128 shares during the last quarter. Avidian Wealth Solutions LLC increased its stake in NXP Semiconductors by 2.1% during the first quarter. Avidian Wealth Solutions LLC now owns 3,000 shares of the semiconductor provider’s stock valued at $743,000 after acquiring an additional 62 shares during the period. Finally, Mediolanum International Funds Ltd bought a new position in NXP Semiconductors during the first quarter valued at about $5,287,000. 90.54% of the stock is 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.