NXP Semiconductors (NASDAQ:NXPI) Given New $235.00 Price Target at Morgan Stanley

NXP Semiconductors (NASDAQ:NXPI) had its price target lowered by Morgan Stanley from $250.00 to $235.00 in a research report released on Wednesday, Benzinga reports. The brokerage currently has an equal weight rating on the semiconductor provider’s stock.

Other equities research analysts have also recently issued reports about the stock. Truist Financial cut their price target on shares of NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. TD Cowen cut their price objective on NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Citic Securities initiated coverage on shares of NXP Semiconductors in a research report on Friday, October 11th. They set a $288.00 price target on the stock. Stifel Nicolaus dropped their target price on shares of NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating on the stock in a report on Thursday, October 17th. Finally, Citigroup raised their target price on shares of NXP Semiconductors from $150.00 to $220.00 and gave the company a “sell” rating in a research note on Monday, July 15th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and an average target price of $276.85.

NXP Semiconductors Price Performance

NXPI stock opened at $231.38 on Wednesday. The stock has a 50-day moving average price of $236.43 and a two-hundred day moving average price of $253.19. NXP Semiconductors has a 1 year low of $178.19 and a 1 year high of $296.08. The stock has a market cap of $58.94 billion, a PE ratio of 22.08, a price-to-earnings-growth ratio of 2.57 and a beta of 1.49. The company has a current ratio of 2.21, a quick ratio of 1.52 and a debt-to-equity ratio of 1.04.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.43 by $0.02. NXP Semiconductors had a return on equity of 34.11% and a net margin of 20.98%. The business had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.25 billion. During the same period last year, the company earned $3.31 earnings per share. NXP Semiconductors’s quarterly revenue was down 5.4% on a year-over-year basis. Equities analysts forecast that NXP Semiconductors will post 11.94 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th were paid a dividend of $1.014 per share. The ex-dividend date was Thursday, September 12th. This represents a $4.06 dividend on an annualized basis and a yield of 1.75%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 38.74%.

Insider Buying and Selling at NXP Semiconductors

In other news, EVP Jennifer Wuamett sold 3,500 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total value of $813,225.00. Following the completion of the transaction, the executive vice president now owns 30,269 shares of the company’s stock, valued at approximately $7,033,002.15. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.11% of the company’s stock.

Hedge Funds Weigh In On NXP Semiconductors

Several large investors have recently bought and sold shares of the company. Family Firm Inc. acquired a new position in shares of NXP Semiconductors in the second quarter valued at approximately $27,000. Addison Advisors LLC grew its holdings in NXP Semiconductors by 224.2% during the 2nd quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock worth $29,000 after acquiring an additional 74 shares during the last quarter. Valley National Advisers Inc. increased its position in NXP Semiconductors by 71.2% in the 2nd quarter. Valley National Advisers Inc. now owns 125 shares of the semiconductor provider’s stock valued at $33,000 after acquiring an additional 52 shares during the period. Beacon Capital Management LLC raised its stake in shares of NXP Semiconductors by 36.4% during the first quarter. Beacon Capital Management LLC now owns 150 shares of the semiconductor provider’s stock valued at $37,000 after acquiring an additional 40 shares during the last quarter. Finally, Fortitude Family Office LLC lifted its holdings in shares of NXP Semiconductors by 615.0% during the second quarter. Fortitude Family Office LLC now owns 143 shares of the semiconductor provider’s stock worth $38,000 after purchasing an additional 123 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.