TD Cowen Increases NXP Semiconductors (NASDAQ:NXPI) Price Target to $285.00

NXP Semiconductors (NASDAQ:NXPI) had its target price upped by equities research analysts at TD Cowen from $260.00 to $285.00 in a research report issued on Friday,MarketScreener reports. The brokerage currently has a “buy” rating on the semiconductor provider’s stock. TD Cowen’s target price points to a potential upside of 20.20% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on the stock. Arete Research boosted their price objective on shares of NXP Semiconductors from $273.90 to $324.40 and gave the company a “buy” rating in a research report on Monday, December 8th. Stifel Nicolaus set a $215.00 price target on NXP Semiconductors in a report on Tuesday, October 28th. Cantor Fitzgerald reissued an “overweight” rating and issued a $280.00 price objective on shares of NXP Semiconductors in a research note on Tuesday, October 28th. Evercore ISI lifted their target price on NXP Semiconductors from $289.00 to $292.00 in a research report on Wednesday, October 29th. Finally, Arete upped their target price on NXP Semiconductors from $273.90 to $324.40 and gave the stock a “buy” rating in a report on Monday, December 8th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $266.15.

NXP Semiconductors Price Performance

Shares of NXPI stock opened at $237.11 on Friday. NXP Semiconductors has a 52-week low of $148.09 and a 52-week high of $255.45. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.69 and a current ratio of 2.37. The firm has a market capitalization of $59.67 billion, a P/E ratio of 29.35, a P/E/G ratio of 2.98 and a beta of 1.46. The stock has a 50 day moving average price of $218.07 and a 200 day moving average price of $220.98.

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

Insider Activity

In other news, EVP Jennifer Wuamett sold 12,425 shares of the firm’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $220.94, for a total value of $2,745,179.50. Following the sale, the executive vice president directly owned 11,811 shares in the company, valued at approximately $2,609,522.34. This trade represents a 51.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Christopher L. Jensen sold 2,300 shares of NXP Semiconductors stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $228.17, for a total transaction of $524,791.00. Following the completion of the transaction, the executive vice president directly owned 9,965 shares in the company, valued at $2,273,714.05. This represents a 18.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 23,097 shares of company stock worth $5,003,058. Corporate insiders own 0.12% of the company’s stock.

Hedge Funds Weigh In On NXP Semiconductors

Several hedge funds have recently modified their holdings of the stock. Perigon Wealth Management LLC raised its position in shares of NXP Semiconductors by 5.8% in the 4th quarter. Perigon Wealth Management LLC now owns 1,053 shares of the semiconductor provider’s stock valued at $229,000 after purchasing an additional 58 shares during the last quarter. Aberdeen Group plc lifted its stake in shares of NXP Semiconductors by 14.6% during the fourth quarter. Aberdeen Group plc now owns 605,523 shares of the semiconductor provider’s stock worth $131,435,000 after buying an additional 77,329 shares during the period. Triad Investment Management acquired a new position in shares of NXP Semiconductors in the 4th quarter valued at $2,732,000. Bourgeon Capital Management LLC increased its position in shares of NXP Semiconductors by 52.1% in the 4th quarter. Bourgeon Capital Management LLC now owns 8,750 shares of the semiconductor provider’s stock valued at $1,899,000 after acquiring an additional 2,999 shares during the period. Finally, Frank Rimerman Advisors LLC lifted its position in NXP Semiconductors by 42.8% during the 4th quarter. Frank Rimerman Advisors LLC now owns 3,904 shares of the semiconductor provider’s stock worth $847,000 after acquiring an additional 1,170 shares during the period. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Company Profile

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.