NXP Semiconductors (NASDAQ:NXPI) Price Target Lowered to $230.00 at Needham & Company LLC

NXP Semiconductors (NASDAQ:NXPI) had its target price decreased by Needham & Company LLC from $250.00 to $230.00 in a research note published on Wednesday morning,Benzinga reports. Needham & Company LLC currently has a buy rating on the semiconductor provider’s stock.

Other equities analysts have also issued research reports about the stock. TD Cowen lowered their price objective on shares of NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Citigroup raised shares of NXP Semiconductors from a “sell” rating to a “neutral” rating and increased their price target for the company from $200.00 to $210.00 in a report on Wednesday. Oppenheimer reduced their price objective on NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. UBS Group lowered their price objective on NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Finally, Truist Financial cut their target price on NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, NXP Semiconductors presently has an average rating of “Moderate Buy” and an average price target of $263.15.

NXP Semiconductors Price Performance

NASDAQ:NXPI opened at $213.24 on Wednesday. The business’s 50-day moving average is $214.68 and its 200 day moving average is $230.36. NXP Semiconductors has a 12 month low of $198.21 and a 12 month high of $296.08. The company has a market capitalization of $54.20 billion, a P/E ratio of 20.35, a P/E/G ratio of 3.14 and a beta of 1.46. The company has a current ratio of 2.35, a quick ratio of 1.60 and a debt-to-equity ratio of 0.99.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.43 by $0.02. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The business had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.25 billion. During the same period in the prior year, the firm earned $3.31 EPS. The company’s revenue for the quarter was down 5.4% on a year-over-year basis. On average, equities research analysts forecast that NXP Semiconductors will post 11.33 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

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

Institutional Trading of NXP Semiconductors

A number of large investors have recently modified their holdings of the company. GDS Wealth Management grew its position in shares of NXP Semiconductors by 7.7% during the 3rd quarter. GDS Wealth Management now owns 55,740 shares of the semiconductor provider’s stock worth $13,378,000 after buying an additional 3,985 shares in the last quarter. HITE Hedge Asset Management LLC bought a new position in NXP Semiconductors during the 3rd quarter worth about $13,445,000. Merit Financial Group LLC purchased a new position in NXP Semiconductors during the 4th quarter valued at about $360,000. Banque Cantonale Vaudoise raised its holdings in shares of NXP Semiconductors by 60.2% in the 3rd quarter. Banque Cantonale Vaudoise now owns 25,850 shares of the semiconductor provider’s stock valued at $6,204,000 after purchasing an additional 9,710 shares in the last quarter. Finally, Austin Private Wealth LLC lifted its position in shares of NXP Semiconductors by 140.6% in the 4th quarter. Austin Private Wealth LLC now owns 3,198 shares of the semiconductor provider’s stock worth $665,000 after purchasing an additional 1,869 shares during the period. Hedge funds and other institutional investors own 90.54% of the company’s stock.

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.