NXP Semiconductors (NASDAQ:NXPI) Price Target Increased to $300.00 by Analysts at Argus

NXP Semiconductors (NASDAQ:NXPI) had its price objective lifted by Argus from $260.00 to $300.00 in a report released on Wednesday morning, Benzinga reports. They currently have a buy rating on the semiconductor provider’s stock.

Several other equities analysts also recently weighed in on NXPI. Stifel Nicolaus lifted their target price on shares of NXP Semiconductors from $190.00 to $210.00 and gave the stock a hold rating in a research note on Tuesday, January 2nd. Oppenheimer raised their price objective on shares of NXP Semiconductors from $250.00 to $295.00 and gave the stock an outperform rating in a report on Wednesday. Morgan Stanley boosted their target price on shares of NXP Semiconductors from $221.00 to $224.00 and gave the company an equal weight rating in a report on Wednesday, February 7th. JPMorgan Chase & Co. increased their target price on NXP Semiconductors from $240.00 to $280.00 and gave the stock a neutral rating in a research report on Wednesday. Finally, Cantor Fitzgerald reiterated an overweight rating and issued a $290.00 price target on shares of NXP Semiconductors in a research report on Tuesday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, NXP Semiconductors has a consensus rating of Moderate Buy and a consensus target price of $257.72.

NXP Semiconductors Trading Down 2.6 %

Shares of NXPI stock opened at $249.43 on Wednesday. NXP Semiconductors has a 12-month low of $161.23 and a 12-month high of $264.26. The company has a quick ratio of 1.39, a current ratio of 2.35 and a debt-to-equity ratio of 1.11. The company has a 50 day moving average of $242.28 and a 200-day moving average of $220.92. The firm 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.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share (EPS) 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%. Sell-side analysts anticipate that NXP Semiconductors will post 12.21 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Thursday, March 21st were given a $1.014 dividend. 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 is 37.49%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. FMR LLC increased its position in NXP Semiconductors by 0.4% during the 3rd quarter. FMR LLC now owns 25,779,812 shares of the semiconductor provider’s stock valued at $5,153,900,000 after buying an additional 91,453 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of NXP Semiconductors by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 11,011,534 shares of the semiconductor provider’s stock valued at $2,529,129,000 after acquiring an additional 118,562 shares in the last quarter. Norges Bank purchased a new position in shares of NXP Semiconductors in the 4th quarter worth about $762,077,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in NXP Semiconductors by 893.2% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,332,578 shares of the semiconductor provider’s stock worth $535,747,000 after purchasing an additional 2,097,727 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its position in NXP Semiconductors by 4.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,205,035 shares of the semiconductor provider’s stock valued at $440,841,000 after purchasing an additional 92,571 shares during the last quarter. 90.54% of the stock is currently owned by 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.