NXP Semiconductors (NASDAQ:NXPI) Price Target Cut to $210.00 by Analysts at Stifel Nicolaus

NXP Semiconductors (NASDAQ:NXPI) had its price target cut by Stifel Nicolaus from $231.00 to $210.00 in a report released on Wednesday,Benzinga reports. They currently have a hold rating on the semiconductor provider’s stock.

A number of other research firms have also recently commented on NXPI. Citic Securities assumed coverage on shares of NXP Semiconductors in a research note on Friday, October 11th. They set a $288.00 price target for the company. Cantor Fitzgerald reissued an “overweight” rating and issued a $250.00 price objective on shares of NXP Semiconductors in a research note on Tuesday. Wells Fargo & Company began coverage on NXP Semiconductors in a research note on Friday, November 22nd. They set an “overweight” rating and a $250.00 target price on the stock. Loop Capital began coverage on NXP Semiconductors in a research note on Monday, November 11th. They set a “buy” rating and a $300.00 price target for the company. Finally, Truist Financial cut their price objective 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 investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $263.15.

NXP Semiconductors Price Performance

NASDAQ:NXPI opened at $213.24 on Wednesday. The firm has a market capitalization of $54.20 billion, a price-to-earnings ratio of 20.35, a PEG ratio of 3.14 and a beta of 1.46. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.35 and a quick ratio of 1.60. The business has a 50 day simple moving average of $214.68 and a 200-day simple moving average of $230.36. NXP Semiconductors has a 1 year low of $198.21 and a 1 year high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results 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 33.57% and a net margin of 20.98%. The company 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 revenue was down 5.4% on a year-over-year basis. Equities analysts forecast that NXP Semiconductors will post 11.33 EPS for the current year.

NXP Semiconductors Announces Dividend

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

Hedge Funds Weigh In On NXP Semiconductors

A number of large investors have recently made changes to their positions in the business. ORG Wealth Partners LLC grew its stake in NXP Semiconductors by 915.4% during the 4th quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock worth $27,000 after buying an additional 119 shares during the last quarter. FSA Wealth Management LLC acquired a new stake in NXP Semiconductors in the third quarter worth about $33,000. Sound Income Strategies LLC grew its stake in shares of NXP Semiconductors by 169.2% during the fourth quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock worth $29,000 after acquiring an additional 88 shares during the last quarter. Brooklyn Investment Group increased its holdings in shares of NXP Semiconductors by 69.5% during the fourth quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock valued at $33,000 after acquiring an additional 66 shares in the last quarter. Finally, Fortitude Family Office LLC raised its position in shares of NXP Semiconductors by 52.4% in the 4th quarter. Fortitude Family Office LLC now owns 218 shares of the semiconductor provider’s stock valued at $45,000 after purchasing an additional 75 shares during the last quarter. 90.54% of the stock is 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.