NXP Semiconductors (NASDAQ:NXPI) Given New $250.00 Price Target at Cantor Fitzgerald

NXP Semiconductors (NASDAQ:NXPI) had its price objective raised by Cantor Fitzgerald from $225.00 to $250.00 in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have an overweight rating on the semiconductor provider’s stock.

NXPI has been the subject of several other research reports. Stifel Nicolaus reduced their price objective on shares of NXP Semiconductors from $210.00 to $170.00 and set a “hold” rating for the company in a research note on Thursday, April 17th. Mizuho raised their price objective on shares of NXP Semiconductors from $240.00 to $255.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Arete Research upgraded shares of NXP Semiconductors to a “strong-buy” rating in a research note on Tuesday, March 25th. Morgan Stanley set a $229.00 price objective on shares of NXP Semiconductors in a research note on Monday, April 21st. Finally, Truist Financial raised their price objective on shares of NXP Semiconductors from $245.00 to $258.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Four investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, NXP Semiconductors has a consensus rating of “Moderate Buy” and an average target price of $244.78.

NXP Semiconductors Stock Down 0.6%

Shares of NASDAQ:NXPI opened at $211.45 on Wednesday. The company has a market cap of $53.42 billion, a price-to-earnings ratio of 23.03, a PEG ratio of 2.65 and a beta of 1.39. The firm’s 50-day simple moving average is $194.91 and its 200-day simple moving average is $205.05. The company has a quick ratio of 1.47, a current ratio of 2.09 and a debt-to-equity ratio of 1.10. NXP Semiconductors has a fifty-two week low of $148.09 and a fifty-two week high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.05. The business had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.83 billion. NXP Semiconductors had a net margin of 19.16% and a return on equity of 29.62%. The business’s quarterly revenue was down 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.24 earnings per share. As a group, equities research analysts predict that NXP Semiconductors will post 10.28 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Wednesday, June 25th will be issued a $1.014 dividend. The ex-dividend date is Wednesday, June 25th. This represents a $4.06 dividend on an annualized basis and a yield of 1.92%. NXP Semiconductors’s payout ratio is 44.23%.

Institutional Investors Weigh In On NXP Semiconductors

A number of institutional investors have recently bought and sold shares of the stock. Parkside Financial Bank & Trust grew its holdings in NXP Semiconductors by 9.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 573 shares of the semiconductor provider’s stock valued at $119,000 after purchasing an additional 51 shares during the period. Private Trust Co. NA grew its holdings in NXP Semiconductors by 5.8% in the fourth quarter. Private Trust Co. NA now owns 968 shares of the semiconductor provider’s stock valued at $201,000 after purchasing an additional 53 shares during the period. Fox Run Management L.L.C. grew its holdings in NXP Semiconductors by 3.3% in the first quarter. Fox Run Management L.L.C. now owns 1,669 shares of the semiconductor provider’s stock valued at $317,000 after purchasing an additional 54 shares during the period. AlphaCore Capital LLC grew its holdings in NXP Semiconductors by 3.5% in the first quarter. AlphaCore Capital LLC now owns 1,635 shares of the semiconductor provider’s stock valued at $312,000 after purchasing an additional 55 shares during the period. Finally, TFB Advisors LLC grew its holdings in NXP Semiconductors by 4.9% in the first quarter. TFB Advisors LLC now owns 1,203 shares of the semiconductor provider’s stock valued at $229,000 after purchasing an additional 56 shares during the period. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

About NXP Semiconductors

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.