NXP Semiconductors (NASDAQ:NXPI) Given New $255.00 Price Target at Mizuho

NXP Semiconductors (NASDAQ:NXPI) had its target price hoisted by Mizuho from $240.00 to $255.00 in a report issued on Thursday,Benzinga reports. Mizuho currently has an outperform rating on the semiconductor provider’s stock.

Other analysts have also issued research reports about the stock. JPMorgan Chase & Co. dropped their price objective on shares of NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Citigroup upgraded shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $210.00 to $290.00 in a research note on Thursday. Needham & Company LLC dropped their price objective on shares of NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. StockNews.com lowered shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. Finally, Truist Financial lifted their price objective on shares of NXP Semiconductors from $245.00 to $258.00 and gave the company a “buy” rating in a research note on Tuesday. Four investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $267.00.

NXP Semiconductors Trading Up 0.1 %

NASDAQ NXPI opened at $245.86 on Thursday. NXP Semiconductors has a one year low of $198.21 and a one year high of $296.08. The company’s 50 day moving average price is $214.47 and its 200 day moving average price is $227.98. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36. The firm has a market capitalization of $62.49 billion, a price-to-earnings ratio of 25.27, a PEG ratio of 3.01 and a beta of 1.46.

Institutional Investors Weigh In On NXP Semiconductors

A number of hedge funds have recently added to or reduced their stakes in the stock. Mackenzie Financial Corp lifted its stake in NXP Semiconductors by 8.5% in the fourth quarter. Mackenzie Financial Corp now owns 163,989 shares of the semiconductor provider’s stock valued at $34,085,000 after buying an additional 12,845 shares during the last quarter. Forum Financial Management LP lifted its stake in NXP Semiconductors by 92.1% in the fourth quarter. Forum Financial Management LP now owns 2,451 shares of the semiconductor provider’s stock valued at $509,000 after buying an additional 1,175 shares during the last quarter. GF Fund Management CO. LTD. bought a new stake in NXP Semiconductors in the fourth quarter valued at $10,012,000. Vise Technologies Inc. lifted its stake in NXP Semiconductors by 70.8% in the fourth quarter. Vise Technologies Inc. now owns 2,492 shares of the semiconductor provider’s stock valued at $518,000 after buying an additional 1,033 shares during the last quarter. Finally, Novem Group bought a new stake in NXP Semiconductors in the fourth quarter valued at $3,178,000. 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.