NXP Semiconductors (NASDAQ:NXPI) Price Target Lowered to $225.00 at Susquehanna

NXP Semiconductors (NASDAQ:NXPI) had its price target reduced by Susquehanna from $235.00 to $225.00 in a report issued on Wednesday morning,Benzinga reports. Susquehanna currently has a neutral rating on the semiconductor provider’s stock.

Several other equities analysts also recently weighed in on the stock. Needham & Company LLC dropped their target price on shares of NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating for the company in a report on Wednesday. The Goldman Sachs Group raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $260.00 to $257.00 in a research note on Friday, January 10th. Barclays cut their price objective on NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Citic Securities began coverage on NXP Semiconductors in a report on Friday, October 11th. They set a $288.00 target price on the stock. Finally, Morgan Stanley cut their price target on NXP Semiconductors from $235.00 to $231.00 and set an “equal weight” rating for the company in a report on Wednesday. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and a consensus price target of $263.15.

NXP Semiconductors Stock Performance

NXPI opened at $213.24 on Wednesday. NXP Semiconductors has a 1-year low of $198.21 and a 1-year high of $296.08. The stock has a market cap 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 stock’s 50 day simple moving average is $214.68 and its 200 day simple moving average is $230.36. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.35 and a quick ratio of 1.60.

NXP Semiconductors (NASDAQ:NXPI) last posted its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, beating the consensus estimate of $3.43 by $0.02. The company had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.25 billion. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. NXP Semiconductors’s revenue was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.31 earnings per share. As a group, equities analysts anticipate that NXP Semiconductors will post 11.33 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

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

Hedge Funds Weigh In On NXP Semiconductors

Large investors have recently bought and sold shares of the stock. State Street Corp increased its holdings in shares of NXP Semiconductors by 1.3% during the 3rd quarter. State Street Corp now owns 10,675,415 shares of the semiconductor provider’s stock worth $2,572,694,000 after buying an additional 139,641 shares during the last quarter. Geode Capital Management LLC grew its position in NXP Semiconductors by 1.1% during the third quarter. Geode Capital Management LLC now owns 5,145,932 shares of the semiconductor provider’s stock valued at $1,231,533,000 after acquiring an additional 57,762 shares during the period. Franklin Resources Inc. increased its stake in NXP Semiconductors by 2.1% during the third quarter. Franklin Resources Inc. now owns 4,459,689 shares of the semiconductor provider’s stock worth $1,063,322,000 after acquiring an additional 93,129 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of NXP Semiconductors by 27.1% in the 4th quarter. Van ECK Associates Corp now owns 3,865,446 shares of the semiconductor provider’s stock worth $803,432,000 after purchasing an additional 824,317 shares during the period. Finally, Janus Henderson Group PLC lifted its stake in shares of NXP Semiconductors by 0.7% in the 3rd quarter. Janus Henderson Group PLC now owns 2,730,933 shares of the semiconductor provider’s stock valued at $655,453,000 after purchasing an additional 20,145 shares in the last quarter. 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.