Barclays Raises NXP Semiconductors (NASDAQ:NXPI) Price Target to $250.00

NXP Semiconductors (NASDAQ:NXPI) had its price objective increased by Barclays from $230.00 to $250.00 in a research note issued to investors on Wednesday morning, The Fly reports. They currently have an overweight rating on the semiconductor provider’s stock.

Other research analysts have also recently issued research reports about the stock. Raymond James raised their price target on shares of NXP Semiconductors from $230.00 to $250.00 and gave the stock an outperform rating in a report on Wednesday, November 3rd. Needham & Company LLC lifted their target price on shares of NXP Semiconductors from $260.00 to $300.00 and gave the company a strong-buy rating in a research report on Wednesday, November 3rd. UBS Group started coverage on shares of NXP Semiconductors in a research report on Tuesday, December 7th. They set a sell rating and a $170.00 price target on the stock. Bank of America lifted their target price on shares of NXP Semiconductors from $255.00 to $270.00 and gave the stock a buy rating in a research note on Monday, January 10th. Finally, KeyCorp boosted their price target on shares of NXP Semiconductors from $250.00 to $255.00 and gave the company an overweight rating in a research note on Friday, November 12th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, NXP Semiconductors has an average rating of Buy and an average target price of $236.96.

Shares of NXP Semiconductors stock opened at $225.29 on Wednesday. The company has a market capitalization of $59.91 billion, a P/E ratio of 39.80, a P/E/G ratio of 0.95 and a beta of 1.38. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.03 and a current ratio of 1.37. The company has a fifty day moving average of $223.86 and a 200 day moving average of $211.40. NXP Semiconductors has a fifty-two week low of $156.02 and a fifty-two week high of $239.91.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Monday, November 1st. The semiconductor provider reported $2.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.43 by $0.10. The company had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.85 billion. NXP Semiconductors had a net margin of 14.98% and a return on equity of 31.12%. Analysts forecast that NXP Semiconductors will post 9.3 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 6th. Shareholders of record on Wednesday, December 15th were issued a dividend of $0.563 per share. The ex-dividend date of this dividend was Tuesday, December 14th. This represents a $2.25 annualized dividend and a yield of 1.00%. NXP Semiconductors’s payout ratio is presently 39.75%.

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 7,200 shares of the business’s stock in a transaction dated Thursday, November 18th. The stock was sold at an average price of $219.42, for a total transaction of $1,579,824.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.32% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the business. Meiji Yasuda Asset Management Co Ltd. grew its stake in shares of NXP Semiconductors by 1.6% in the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,986 shares of the semiconductor provider’s stock valued at $585,000 after buying an additional 46 shares in the last quarter. Fieldpoint Private Securities LLC lifted its holdings in shares of NXP Semiconductors by 2.2% during the second quarter. Fieldpoint Private Securities LLC now owns 2,205 shares of the semiconductor provider’s stock worth $479,000 after buying an additional 48 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of NXP Semiconductors by 7.6% during the second quarter. Assetmark Inc. now owns 682 shares of the semiconductor provider’s stock worth $140,000 after buying an additional 48 shares during the last quarter. Valeo Financial Advisors LLC lifted its holdings in shares of NXP Semiconductors by 2.0% during the fourth quarter. Valeo Financial Advisors LLC now owns 2,530 shares of the semiconductor provider’s stock worth $576,000 after buying an additional 49 shares during the last quarter. Finally, Midwest Professional Planners LTD. lifted its holdings in shares of NXP Semiconductors by 2.1% during the third quarter. Midwest Professional Planners LTD. now owns 2,498 shares of the semiconductor provider’s stock worth $489,000 after buying an additional 52 shares during the last quarter. 87.13% of the stock is currently owned by institutional investors.

NXP Semiconductors Company Profile

NXP Semiconductors NV is a holding company, which engages in the provision of semiconductor solutions. It focuses on high performance mixed signal (HMPS), which delivers high performance mixed signal solutions to its customers to satisfy their system and sub-systems needs across the application areas such as automotive, identification, mobile, consumer, computing, wireless infrastructure, lighting and industrial, and software solutions for mobile phones.

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