NXP Semiconductors (NASDAQ:NXPI) PT Raised to $265.00

NXP Semiconductors (NASDAQ:NXPI) had its price target hoisted by Mizuho from $225.00 to $265.00 in a research note issued to investors on Wednesday morning, Benzinga reports. Mizuho currently has a neutral rating on the semiconductor provider’s stock.

Other analysts have also issued reports about the company. Barclays upgraded NXP Semiconductors from an equal weight rating to an overweight rating and lifted their price target for the stock from $200.00 to $260.00 in a report on Tuesday, January 16th. StockNews.com lowered NXP Semiconductors from a buy rating to a hold rating in a report on Tuesday, April 30th. Needham & Company LLC lifted their price target on NXP Semiconductors from $250.00 to $280.00 and gave the stock a buy rating in a report on Wednesday. Oppenheimer lifted their price target on NXP Semiconductors from $250.00 to $295.00 and gave the stock an outperform rating in a report on Wednesday. Finally, Stifel Nicolaus lifted their price target on NXP Semiconductors from $190.00 to $210.00 and gave the stock a hold rating in a report on Tuesday, January 2nd. 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 stock. According to MarketBeat, NXP Semiconductors currently has a consensus rating of Moderate Buy and an average price target of $257.72.

NXP Semiconductors Stock Up 1.4 %

NXPI stock opened at $257.85 on Wednesday. NXP Semiconductors has a twelve month low of $161.23 and a twelve month 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 stock’s 50 day moving average is $242.96 and its 200-day moving average is $221.56. The firm has a market capitalization of $65.93 billion, a PE ratio of 23.81, a P/E/G ratio of 0.95 and a beta of 1.54.

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, beating analysts’ consensus estimates of $3.33 by $0.04. NXP Semiconductors had a return on equity of 37.65% and a net margin of 21.24%. The company had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.40 billion. Sell-side analysts expect that NXP Semiconductors will post 12.41 EPS 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 1.57%. The ex-dividend date was Wednesday, March 20th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 37.49%.

Hedge Funds Weigh In On NXP Semiconductors

Several hedge funds have recently made changes to their positions in NXPI. Norges Bank purchased a new position in NXP Semiconductors during the fourth quarter worth about $762,077,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in NXP Semiconductors by 893.2% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,332,578 shares of the semiconductor provider’s stock worth $535,747,000 after buying an additional 2,097,727 shares in the last quarter. Public Employees Retirement Association of Colorado purchased a new position in NXP Semiconductors during the fourth quarter worth about $164,044,000. Kodai Capital Management LP purchased a new position in NXP Semiconductors during the fourth quarter worth about $125,319,000. Finally, International Assets Investment Management LLC grew its position in NXP Semiconductors by 21,013.6% during the fourth quarter. International Assets Investment Management LLC now owns 515,172 shares of the semiconductor provider’s stock worth $118,325,000 after buying an additional 512,732 shares in the last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

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.