NXP Semiconductors (NASDAQ:NXPI) Receives $270.85 Consensus Target Price from Analysts

NXP Semiconductors (NASDAQ:NXPI) has earned an average rating of “Moderate Buy” from the nineteen ratings firms that are covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $263.15.

NXPI has been the subject of several research reports. Mizuho set a $290.00 price target on shares of NXP Semiconductors in a research report on Friday, October 18th. UBS Group reduced their price objective on shares of NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Needham & Company LLC lowered their target price on shares of NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. Oppenheimer cut their price target on NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Finally, Truist Financial lowered their price objective on NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th.

NXP Semiconductors Trading Down 1.8 %

Shares of NXP Semiconductors stock opened at $212.93 on Monday. The stock has a market capitalization of $54.12 billion, a PE ratio of 21.88, a price-to-earnings-growth ratio of 2.64 and a beta of 1.46. NXP Semiconductors has a 52 week low of $198.21 and a 52 week high of $296.08. The stock has a 50 day moving average price of $213.89 and a two-hundred day moving average price of $229.42. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th were issued a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend was Thursday, December 5th. NXP Semiconductors’s dividend payout ratio (DPR) is 41.62%.

Institutional Trading of NXP Semiconductors

Several hedge funds have recently made changes to their positions in NXPI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in NXP Semiconductors by 387.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,294,340 shares of the semiconductor provider’s stock worth $550,665,000 after acquiring an additional 1,823,650 shares during the last quarter. Van ECK Associates Corp boosted its position in NXP Semiconductors by 67.2% during the third quarter. Van ECK Associates Corp now owns 3,041,129 shares of the semiconductor provider’s stock worth $718,680,000 after purchasing an additional 1,222,736 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its position in NXP Semiconductors by 337.2% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 939,924 shares of the semiconductor provider’s stock worth $225,591,000 after purchasing an additional 724,951 shares during the period. International Assets Investment Management LLC increased its stake in shares of NXP Semiconductors by 24,533.2% in the third quarter. International Assets Investment Management LLC now owns 514,341 shares of the semiconductor provider’s stock worth $123,447,000 after purchasing an additional 512,253 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its position in shares of NXP Semiconductors by 1,172.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 555,189 shares of the semiconductor provider’s stock valued at $115,396,000 after purchasing an additional 511,553 shares during the period. 90.54% of the stock is currently owned by institutional investors.

NXP Semiconductors Company Profile

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.