NXP Semiconductors (NASDAQ:NXPI) Price Target Increased to $275.00 by Analysts at The Goldman Sachs Group

NXP Semiconductors (NASDAQ:NXPI) had its price target boosted by The Goldman Sachs Group from $240.00 to $275.00 in a research report released on Wednesday, Benzinga reports. The firm currently has a neutral rating on the semiconductor provider’s stock.

Several other equities research analysts also recently commented on the company. Wolfe Research upgraded NXP Semiconductors from a peer perform rating to an outperform rating and set a $255.00 price objective for the company in a report on Thursday, January 18th. Susquehanna lifted their target price on NXP Semiconductors from $200.00 to $225.00 and gave the company a neutral rating in a research report on Wednesday, February 7th. Argus increased their price target on NXP Semiconductors from $260.00 to $300.00 and gave the company a buy rating in a research report on Wednesday. TD Cowen upped their target price on shares of NXP Semiconductors from $270.00 to $300.00 and gave the stock an outperform rating in a research note on Tuesday, March 12th. Finally, UBS Group raised their price target on shares of NXP Semiconductors from $230.00 to $270.00 and gave the company a neutral rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of Moderate Buy and an average target price of $257.72.

NXP Semiconductors Stock Performance

Shares of NXP Semiconductors stock opened at $249.43 on Wednesday. The company has a market cap of $63.88 billion, a P/E ratio of 23.03, a PEG ratio of 0.97 and a beta of 1.54. The company has a current ratio of 2.35, a quick ratio of 1.39 and a debt-to-equity ratio of 1.11. The business has a 50-day moving average price of $242.28 and a two-hundred day moving average price of $220.92. NXP Semiconductors has a 1-year low of $161.23 and a 1-year high of $264.26.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share for the quarter, topping analysts’ consensus estimates of $3.33 by $0.04. The business had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.40 billion. NXP Semiconductors had a return on equity of 37.65% and a net margin of 21.24%. As a group, analysts anticipate that NXP Semiconductors will post 12.21 EPS for the current year.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Thursday, March 21st were given a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $4.06 annualized dividend and a dividend yield of 1.63%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 37.49%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in NXPI. Westwood Wealth Management grew its holdings in shares of NXP Semiconductors by 9.3% during the 1st quarter. Westwood Wealth Management now owns 8,830 shares of the semiconductor provider’s stock valued at $2,188,000 after purchasing an additional 750 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of NXP Semiconductors by 6.9% during the first quarter. Janney Montgomery Scott LLC now owns 198,816 shares of the semiconductor provider’s stock valued at $49,261,000 after buying an additional 12,754 shares during the last quarter. Peterson Wealth Services grew its stake in shares of NXP Semiconductors by 3.1% during the first quarter. Peterson Wealth Services now owns 1,520 shares of the semiconductor provider’s stock valued at $377,000 after buying an additional 46 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of NXP Semiconductors by 39.6% in the first quarter. Blue Trust Inc. now owns 2,215 shares of the semiconductor provider’s stock worth $549,000 after buying an additional 628 shares during the period. Finally, Ballast Advisors LLC boosted its holdings in NXP Semiconductors by 4.5% during the 1st quarter. Ballast Advisors LLC now owns 6,723 shares of the semiconductor provider’s stock valued at $1,666,000 after acquiring an additional 292 shares during the period. 90.54% of the stock is 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.