NXP Semiconductors (NASDAQ:NXPI) Price Target Raised to $265.00 at Truist Financial

NXP Semiconductors (NASDAQ:NXPI) had its target price hoisted by Truist Financial from $254.00 to $265.00 in a research note issued to investors on Friday morning,Benzinga reports. Truist Financial currently has a buy rating on the semiconductor provider’s stock.

Several other research analysts also recently issued reports on NXPI. Sanford C. Bernstein set a $220.00 price objective on shares of NXP Semiconductors and gave the stock a “market perform” rating in a report on Wednesday, October 29th. Stifel Nicolaus set a $215.00 price target on NXP Semiconductors in a research note on Tuesday, October 28th. Arete Research upped their price target on NXP Semiconductors from $273.90 to $324.40 and gave the company a “buy” rating in a report on Monday, December 8th. TD Cowen reduced their price objective on NXP Semiconductors from $270.00 to $260.00 and set a “buy” rating for the company in a research report on Friday, October 10th. Finally, Arete boosted their price objective on NXP Semiconductors from $273.90 to $324.40 and gave the company a “buy” rating in a research report on Monday, December 8th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $260.62.

NXP Semiconductors Stock Up 1.9%

Shares of NXPI stock opened at $226.27 on Friday. NXP Semiconductors has a 12 month low of $148.09 and a 12 month high of $255.45. The company has a quick ratio of 1.69, a current ratio of 2.37 and a debt-to-equity ratio of 1.09. The firm has a market cap of $56.95 billion, a PE ratio of 28.00, a price-to-earnings-growth ratio of 3.30 and a beta of 1.46. The stock has a 50 day moving average of $211.38 and a 200-day moving average of $218.60.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Tuesday, October 28th. The semiconductor provider reported $3.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.12 by ($0.01). NXP Semiconductors had a return on equity of 26.92% and a net margin of 17.11%.The company had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.15 billion. During the same quarter in the previous year, the business posted $3.45 EPS. The company’s revenue was down 2.4% on a year-over-year basis. On average, equities analysts predict that NXP Semiconductors will post 10.28 EPS for the current year.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Wednesday, December 10th will be paid a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Wednesday, December 10th. NXP Semiconductors’s payout ratio is currently 50.25%.

Insider Transactions at NXP Semiconductors

In related news, EVP Jennifer Wuamett sold 8,372 shares of the stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $207.01, for a total transaction of $1,733,087.72. Following the completion of the sale, the executive vice president owned 19,175 shares in the company, valued at $3,969,416.75. This trade represents a 30.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Julie Southern purchased 225 shares of the business’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were purchased at an average cost of $225.48 per share, with a total value of $50,733.00. Following the completion of the acquisition, the insider directly owned 11,937 shares in the company, valued at $2,691,554.76. The trade was a 1.92% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.12% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Transcend Capital Advisors LLC increased its holdings in NXP Semiconductors by 2.8% during the 2nd quarter. Transcend Capital Advisors LLC now owns 1,824 shares of the semiconductor provider’s stock valued at $399,000 after purchasing an additional 50 shares in the last quarter. Rovin Capital UT ADV increased its stake in shares of NXP Semiconductors by 1.5% in the third quarter. Rovin Capital UT ADV now owns 3,573 shares of the semiconductor provider’s stock valued at $814,000 after buying an additional 52 shares in the last quarter. IHT Wealth Management LLC raised its holdings in shares of NXP Semiconductors by 4.6% in the second quarter. IHT Wealth Management LLC now owns 1,193 shares of the semiconductor provider’s stock valued at $261,000 after buying an additional 52 shares during the last quarter. Invera Wealth Advisors LLC raised its holdings in shares of NXP Semiconductors by 0.9% in the third quarter. Invera Wealth Advisors LLC now owns 6,104 shares of the semiconductor provider’s stock valued at $1,390,000 after buying an additional 56 shares during the last quarter. Finally, Avidian Wealth Enterprises LLC lifted its position in NXP Semiconductors by 1.9% during the 3rd quarter. Avidian Wealth Enterprises LLC now owns 3,008 shares of the semiconductor provider’s stock worth $685,000 after buying an additional 56 shares in the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

About NXP Semiconductors

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.