Oppenheimer Boosts NXP Semiconductors (NASDAQ:NXPI) Price Target to $295.00

NXP Semiconductors (NASDAQ:NXPI) had its target price upped by Oppenheimer from $250.00 to $295.00 in a research report released on Wednesday, Benzinga reports. The firm currently has an outperform rating on the semiconductor provider’s stock.

NXPI has been the subject of a number of other research reports. Evercore ISI began coverage on shares of NXP Semiconductors in a report on Tuesday, April 16th. They issued an outperform rating and a $300.00 price objective for the company. Susquehanna raised their target price on shares of NXP Semiconductors from $200.00 to $225.00 and gave the stock a neutral rating in a report on Wednesday, February 7th. TD Cowen upped their target price on NXP Semiconductors from $270.00 to $300.00 and gave the company an outperform rating in a report on Tuesday, March 12th. Truist Financial increased their price target on NXP Semiconductors from $264.00 to $265.00 and gave the stock a buy rating in a research report on Wednesday, February 7th. Finally, Wolfe Research upgraded NXP Semiconductors from a peer perform rating to an outperform rating and set a $255.00 price objective for the company in a research report on Thursday, January 18th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $257.72.

NXP Semiconductors Stock Performance

Shares of NXP Semiconductors stock opened at $257.85 on Wednesday. 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 1 year low of $161.23 and a 1 year high of $264.26. The firm’s 50-day simple moving average is $242.96 and its 200-day simple moving average is $221.56. The firm has a market cap of $65.93 billion, a PE ratio of 23.81, a price-to-earnings-growth ratio of 0.94 and a beta of 1.54.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share for the quarter, beating the consensus estimate of $3.33 by $0.04. NXP Semiconductors had a return on equity of 37.65% and a net margin of 21.24%. The firm had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.40 billion. Equities analysts forecast that NXP Semiconductors will post 12.21 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Thursday, March 21st were issued a $1.014 dividend. The ex-dividend date was Wednesday, March 20th. This represents a $4.06 annualized dividend and a dividend yield of 1.57%. NXP Semiconductors’s dividend payout ratio (DPR) is 37.49%.

Institutional Investors Weigh In On NXP Semiconductors

Institutional investors and hedge funds have recently bought and sold shares of the business. Commonwealth Equity Services LLC lifted its stake in NXP Semiconductors by 11.2% during the third quarter. Commonwealth Equity Services LLC now owns 54,261 shares of the semiconductor provider’s stock valued at $10,848,000 after purchasing an additional 5,471 shares during the last quarter. Xponance Inc. lifted its position in shares of NXP Semiconductors by 0.9% during the 3rd quarter. Xponance Inc. now owns 21,921 shares of the semiconductor provider’s stock valued at $4,382,000 after acquiring an additional 192 shares during the last quarter. Mission Wealth Management LP boosted its stake in shares of NXP Semiconductors by 190.4% during the 3rd quarter. Mission Wealth Management LP now owns 3,313 shares of the semiconductor provider’s stock worth $662,000 after acquiring an additional 2,172 shares in the last quarter. Dakota Wealth Management acquired a new position in shares of NXP Semiconductors in the 3rd quarter worth $591,000. Finally, Raymond James & Associates grew its holdings in shares of NXP Semiconductors by 1.1% in the 3rd quarter. Raymond James & Associates now owns 915,890 shares of the semiconductor provider’s stock worth $183,105,000 after acquiring an additional 10,286 shares during the last quarter. 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.