NXP Semiconductors (NASDAQ:NXPI) Price Target Lowered to $287.00 at Truist Financial

NXP Semiconductors (NASDAQ:NXPI) had its price target trimmed by Truist Financial from $291.00 to $287.00 in a research report report published on Wednesday, Benzinga reports. The brokerage currently has a buy rating on the semiconductor provider’s stock.

A number of other brokerages also recently commented on NXPI. Jefferies Financial Group assumed coverage on NXP Semiconductors in a research note on Monday, May 13th. They issued a buy rating and a $325.00 target price on the stock. Oppenheimer upped their target price on NXP Semiconductors from $295.00 to $330.00 and gave the stock an outperform rating in a research note on Friday, July 12th. Wells Fargo & Company upped their target price on NXP Semiconductors from $285.00 to $305.00 and gave the stock an overweight rating in a research note on Wednesday, May 22nd. JPMorgan Chase & Co. upped their target price on NXP Semiconductors from $240.00 to $280.00 and gave the stock a neutral rating in a research note on Wednesday, May 1st. Finally, Barclays increased their price target on NXP Semiconductors from $280.00 to $330.00 and gave the stock an overweight rating in a research report on Thursday, July 18th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $294.89.

NXP Semiconductors Stock Up 2.5 %

Shares of NXPI stock opened at $253.62 on Wednesday. The stock’s 50-day simple moving average is $272.46 and its 200-day simple moving average is $249.94. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.64 and a current ratio of 2.21. The firm has a market capitalization of $64.85 billion, a PE ratio of 23.42, a P/E/G ratio of 2.64 and a beta of 1.49. NXP Semiconductors has a fifty-two week low of $167.21 and a fifty-two week high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share for the quarter, beating analysts’ consensus estimates of $2.82 by $0.38. The business had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.13 billion. NXP Semiconductors had a return on equity of 35.65% and a net margin of 21.21%. The company’s revenue was down 5.2% on a year-over-year basis. During the same period in the prior year, the company earned $3.04 earnings per share. Equities analysts expect that NXP Semiconductors will post 12.11 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 10th. Stockholders of record on Thursday, June 13th were given a $1.014 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $4.06 annualized dividend and a dividend yield of 1.60%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 37.40%.

Insider Activity

In related news, CEO Kurt Sievers sold 8,548 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $275.75, for a total value of $2,357,111.00. Following the completion of the sale, the chief executive officer now owns 177,889 shares of the company’s stock, valued at $49,052,891.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.11% of the company’s stock.

Institutional Investors Weigh In On NXP Semiconductors

Several hedge funds and other institutional investors have recently made changes to their positions in NXPI. Future Financial Wealth Managment LLC acquired a new stake in shares of NXP Semiconductors in the first quarter valued at approximately $25,000. FinTrust Capital Advisors LLC increased its stake in NXP Semiconductors by 75.4% during the fourth quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock worth $26,000 after acquiring an additional 49 shares during the last quarter. Family Firm Inc. acquired a new stake in NXP Semiconductors during the second quarter worth $27,000. LifeSteps Financial Inc. acquired a new stake in NXP Semiconductors during the first quarter worth $30,000. Finally, Valley National Advisers Inc. increased its stake in NXP Semiconductors by 98.6% during the fourth quarter. Valley National Advisers Inc. now owns 137 shares of the semiconductor provider’s stock worth $31,000 after acquiring an additional 68 shares during the last quarter. Institutional investors and hedge funds 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.