JPMorgan Chase & Co. Raises NXP Semiconductors (NASDAQ:NXPI) Price Target to $280.00

NXP Semiconductors (NASDAQ:NXPI) had its price target boosted by JPMorgan Chase & Co. from $240.00 to $280.00 in a report published on Wednesday, Benzinga reports. They currently have a neutral rating on the semiconductor provider’s stock.

NXPI has been the subject of a number of other reports. Evercore ISI increased their price objective on NXP Semiconductors from $300.00 to $370.00 and gave the stock an outperform rating in a research report on Wednesday. Morgan Stanley increased their price target on NXP Semiconductors from $221.00 to $224.00 and gave the stock an equal weight rating in a report on Wednesday, February 7th. Barclays raised shares of NXP Semiconductors from an equal weight rating to an overweight rating and boosted their price objective for the company from $200.00 to $260.00 in a research note on Tuesday, January 16th. Wolfe Research upgraded shares of NXP Semiconductors from a peer perform rating to an outperform rating and set a $255.00 target price for the company in a research note on Thursday, January 18th. Finally, Stifel Nicolaus boosted their price target 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. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, NXP Semiconductors currently has a consensus rating of Moderate Buy and a consensus price target of $257.72.

NXP Semiconductors Stock Performance

Shares of NXPI opened at $257.85 on Wednesday. The company’s 50 day simple moving average is $242.58 and its 200-day simple moving average is $221.15. The firm has a market cap of $65.93 billion, a PE ratio of 23.81, a price-to-earnings-growth ratio of 0.94 and a beta of 1.54. NXP Semiconductors has a 12-month low of $161.23 and a 12-month high of $264.26. The company has a current ratio of 2.35, a quick ratio of 1.39 and a debt-to-equity ratio of 1.11.

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

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Thursday, March 21st were given a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend was Wednesday, March 20th. NXP Semiconductors’s payout ratio is currently 37.49%.

Institutional Trading of NXP Semiconductors

Several large investors have recently modified their holdings of the business. Future Financial Wealth Managment LLC purchased a new stake in NXP Semiconductors in the 1st quarter valued at approximately $25,000. Operose Advisors LLC purchased a new stake in shares of NXP Semiconductors in the third quarter valued at $26,000. FinTrust Capital Advisors LLC boosted its stake in shares of NXP Semiconductors by 75.4% during the fourth quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock valued at $26,000 after acquiring an additional 49 shares during the last quarter. BluePath Capital Management LLC purchased a new stake in NXP Semiconductors during the 3rd quarter worth about $28,000. Finally, LifeSteps Financial Inc. acquired a new position in NXP Semiconductors in the 1st quarter valued at about $30,000. 90.54% of the stock is currently owned by institutional investors and hedge funds.

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.