NXP Semiconductors (NASDAQ:NXPI) Price Target Raised to $130.00

NXP Semiconductors (NASDAQ:NXPI) had its price target raised by Piper Sandler from $115.00 to $130.00 in a research report report published on Wednesday, BenzingaRatingsTable reports. The firm currently has an overweight rating on the semiconductor provider’s stock.

NXPI has been the subject of a number of other reports. Deutsche Bank upped their price target on shares of NXP Semiconductors from $115.00 to $135.00 and gave the company a buy rating in a report on Friday, July 17th. Cowen reaffirmed a buy rating and set a $115.00 price objective on shares of NXP Semiconductors in a research note on Wednesday, April 29th. Jefferies Financial Group raised their target price on NXP Semiconductors from $118.00 to $137.00 and gave the stock a buy rating in a research note on Wednesday. ValuEngine raised NXP Semiconductors from a sell rating to a hold rating in a research report on Tuesday, June 23rd. Finally, Raymond James lifted their price objective on NXP Semiconductors from $115.00 to $130.00 and gave the stock an outperform rating in a research report on Monday, July 13th. Seven equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $128.71.

Shares of NXP Semiconductors stock opened at $117.53 on Wednesday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.74 and a quick ratio of 1.10. NXP Semiconductors has a one year low of $58.41 and a one year high of $139.59. The business’s 50 day simple moving average is $115.44 and its two-hundred day simple moving average is $109.28. The stock has a market capitalization of $32.79 billion, a P/E ratio of 18.34, a price-to-earnings-growth ratio of 3.54 and a beta of 1.46.

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Monday, June 15th were issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend was Friday, June 12th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 18.66%.

In related news, Director Kenneth A. Goldman sold 1,000 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $94.33, for a total value of $94,330.00. Following the completion of the transaction, the director now owns 21,840 shares in the company, valued at approximately $2,060,167.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.56% of the stock is owned by corporate insiders.

Several large investors have recently made changes to their positions in the company. Procyon Private Wealth Partners LLC acquired a new position in NXP Semiconductors in the fourth quarter valued at approximately $34,000. Verus Capital Partners LLC purchased a new stake in NXP Semiconductors during the fourth quarter worth $45,000. San Francisco Sentry Investment Group CA grew its position in NXP Semiconductors by 33.2% during the second quarter. San Francisco Sentry Investment Group CA now owns 401 shares of the semiconductor provider’s stock valued at $46,000 after buying an additional 100 shares during the period. RMR Wealth Builders purchased a new position in NXP Semiconductors in the fourth quarter valued at $53,000. Finally, Ninety One SA PTY Ltd purchased a new position in NXP Semiconductors in the first quarter valued at $37,000. Hedge funds and other institutional investors own 88.34% of the company’s stock.

About NXP Semiconductors

NXP Semiconductors N.V., a semiconductor company, provides high performance mixed signal solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. The company offers products for audio and visual head-end unit applications, such as single-chip radio solutions, multi-standard radios, audio amplifiers and power analog products, and i.MX applications processors; in-vehicle networking products; two-way secure entry products; various sensors and microcontrollers; power management solutions; battery cell controllers; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.

Further Reading: Return On Assets

Analyst Recommendations for NXP Semiconductors (NASDAQ:NXPI)

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