Stifel Nicolaus Increases NXP Semiconductors (NASDAQ:NXPI) Price Target to $250.00

NXP Semiconductors (NASDAQ:NXPI) had its target price lifted by stock analysts at Stifel Nicolaus from $215.00 to $250.00 in a report issued on Friday,MarketScreener reports. The brokerage presently has a “hold” rating on the semiconductor provider’s stock. Stifel Nicolaus’ price objective indicates a potential upside of 2.44% from the company’s previous close.

Other equities analysts also recently issued reports about the stock. Barclays reiterated an “overweight” rating and issued a $255.00 target price on shares of NXP Semiconductors in a report on Thursday, January 15th. TD Cowen reduced their target price on shares of NXP Semiconductors from $285.00 to $250.00 and set a “buy” rating for the company in a report on Wednesday, February 4th. Morgan Stanley reiterated an “overweight” rating on shares of NXP Semiconductors in a report on Friday, January 16th. Sanford C. Bernstein restated a “market perform” rating and set a $240.00 price objective on shares of NXP Semiconductors in a report on Wednesday, February 4th. Finally, Wells Fargo & Company restated an “equal weight” rating and set a $235.00 price objective (down from $265.00) on shares of NXP Semiconductors in a report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, NXP Semiconductors presently has an average rating of “Moderate Buy” and an average target price of $250.59.

NXP Semiconductors Stock Up 1.2%

NASDAQ NXPI opened at $244.04 on Friday. The company has a quick ratio of 1.38, a current ratio of 2.05 and a debt-to-equity ratio of 1.09. The company has a fifty day moving average of $210.76 and a two-hundred day moving average of $216.95. The firm has a market capitalization of $61.63 billion, a price-to-earnings ratio of 30.74, a PEG ratio of 1.10 and a beta of 1.46. NXP Semiconductors has a 52 week low of $176.26 and a 52 week high of $256.36.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Tuesday, February 3rd. The semiconductor provider reported $3.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.31 by $0.04. The firm had revenue of $3.34 billion during the quarter, compared to analyst estimates of $3.30 billion. NXP Semiconductors had a net margin of 16.47% and a return on equity of 26.72%. The business’s revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the firm earned $3.18 earnings per share. On average, analysts predict that NXP Semiconductors will post 12.51 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Andrew Micallef sold 1,000 shares of the stock in a transaction on Monday, March 16th. The stock was sold at an average price of $194.58, for a total value of $194,580.00. Following the completion of the transaction, the executive vice president directly owned 9,942 shares of the company’s stock, valued at approximately $1,934,514.36. This represents a 9.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.12% of the company’s stock.

Institutional Trading of NXP Semiconductors

A number of hedge funds and other institutional investors have recently modified their holdings of the business. JPL Wealth Management LLC purchased a new position in NXP Semiconductors during the 3rd quarter valued at about $26,000. CNB Bank purchased a new position in NXP Semiconductors during the 3rd quarter valued at about $28,000. SHP Wealth Management purchased a new position in NXP Semiconductors during the 4th quarter valued at about $27,000. Acumen Wealth Advisors LLC purchased a new position in NXP Semiconductors during the 4th quarter valued at about $28,000. Finally, Jessup Wealth Management Inc purchased a new position in NXP Semiconductors during the 4th quarter valued at about $29,000. 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.