NXP Semiconductors (NASDAQ:NXPI) Given New $275.00 Price Target at The Goldman Sachs Group

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

Other research analysts have also issued research reports about the company. Argus raised their price objective on NXP Semiconductors from $260.00 to $300.00 and gave the company a buy rating in a research report on Wednesday. StockNews.com cut NXP Semiconductors from a buy rating to a hold rating in a report on Tuesday. Evercore ISI upped their price objective on NXP Semiconductors from $300.00 to $370.00 and gave the stock an outperform rating in a report on Wednesday. Truist Financial increased their target price on NXP Semiconductors from $265.00 to $291.00 and gave the company a buy rating in a research report on Wednesday. Finally, Susquehanna boosted their price target on shares of NXP Semiconductors from $200.00 to $225.00 and gave the stock a neutral rating in a research report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, NXP Semiconductors has a consensus rating of Moderate Buy and a consensus price target of $257.72.

NXP Semiconductors Trading Up 1.4 %

Shares of NASDAQ:NXPI opened at $257.85 on Wednesday. The stock has a 50 day moving average of $242.58 and a 200 day moving average of $221.15. The company 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 released its quarterly earnings data on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.40 billion. As a group, equities research analysts expect that NXP Semiconductors will post 12.21 EPS for the current year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Thursday, March 21st were paid a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend was Wednesday, March 20th. NXP Semiconductors’s dividend payout ratio is presently 37.49%.

Institutional Investors Weigh In On NXP Semiconductors

Several large investors have recently added to or reduced their stakes in NXPI. Future Financial Wealth Managment LLC bought a new stake in shares of NXP Semiconductors during the first quarter valued at approximately $25,000. FinTrust Capital Advisors LLC raised its position in NXP Semiconductors by 75.4% during the 4th quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock valued at $26,000 after purchasing an additional 49 shares in the last quarter. LifeSteps Financial Inc. purchased a new stake in shares of NXP Semiconductors in the 1st quarter worth $30,000. Operose Advisors LLC purchased a new stake in shares of NXP Semiconductors in the 3rd quarter worth $26,000. Finally, Valley National Advisers Inc. grew its position in shares of NXP Semiconductors by 98.6% during the 4th quarter. Valley National Advisers Inc. now owns 137 shares of the semiconductor provider’s stock worth $31,000 after buying an additional 68 shares in the last quarter. 90.54% of the stock is owned by hedge funds and other 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.