NXP Semiconductors (NASDAQ:NXPI) Price Target Raised to $285.00

NXP Semiconductors (NASDAQ:NXPI) had its price target raised by analysts at TD Cowen from $260.00 to $285.00 in a report released on Friday,MarketScreener reports. The firm currently has a “buy” rating on the semiconductor provider’s stock. TD Cowen’s price objective suggests a potential upside of 20.20% from the stock’s current price.

Other research analysts have also issued research reports about the company. Wells Fargo & Company upped their target price on shares of NXP Semiconductors from $260.00 to $265.00 and gave the stock an “overweight” rating in a research report on Thursday. Arete raised their target price on shares of NXP Semiconductors from $273.90 to $324.40 and gave the company a “buy” rating in a research note on Monday, December 8th. Morgan Stanley reissued an “overweight” rating on shares of NXP Semiconductors in a research report on Friday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NXP Semiconductors in a research report on Wednesday, October 8th. Finally, Truist Financial lifted their price objective on NXP Semiconductors from $254.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, December 19th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $266.15.

NXP Semiconductors Stock Performance

NASDAQ NXPI opened at $237.11 on Friday. The company’s 50 day simple moving average is $218.07 and its two-hundred day simple moving average is $220.98. The stock has a market capitalization of $59.67 billion, a PE ratio of 29.35, a P/E/G ratio of 3.00 and a beta of 1.46. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.37 and a quick ratio of 1.69. NXP Semiconductors has a 1 year low of $148.09 and a 1 year high of $255.45.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Tuesday, October 28th. The semiconductor provider reported $3.11 earnings per share for the quarter, missing the consensus estimate of $3.12 by ($0.01). The company had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.15 billion. NXP Semiconductors had a net margin of 17.11% and a return on equity of 26.92%. The business’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter last year, the business posted $3.45 EPS. Analysts predict that NXP Semiconductors will post 10.28 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Christopher L. Jensen sold 2,300 shares of the business’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $228.17, for a total value of $524,791.00. Following the transaction, the executive vice president directly owned 9,965 shares of the company’s stock, valued at approximately $2,273,714.05. The trade was a 18.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Julie Southern acquired 225 shares of NXP Semiconductors stock in a transaction dated Wednesday, December 3rd. The shares were bought at an average price of $225.48 per share, for a total transaction of $50,733.00. Following the transaction, the insider owned 11,937 shares of the company’s stock, valued at approximately $2,691,554.76. The trade was a 1.92% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders sold 23,097 shares of company stock valued at $5,003,058. Company insiders own 0.12% of the company’s stock.

Institutional Trading of NXP Semiconductors

Several hedge funds have recently made changes to their positions in the business. Transcend Capital Advisors LLC grew its holdings in shares of NXP Semiconductors by 2.8% in the second quarter. Transcend Capital Advisors LLC now owns 1,824 shares of the semiconductor provider’s stock worth $399,000 after purchasing an additional 50 shares during the last quarter. Rovin Capital UT ADV grew its stake in NXP Semiconductors by 1.5% in the third quarter. Rovin Capital UT ADV now owns 3,573 shares of the semiconductor provider’s stock worth $814,000 after purchasing an additional 52 shares in the last quarter. IHT Wealth Management LLC increased its holdings in NXP Semiconductors by 4.6% during the 2nd quarter. IHT Wealth Management LLC now owns 1,193 shares of the semiconductor provider’s stock worth $261,000 after purchasing an additional 52 shares during the period. Invera Wealth Advisors LLC raised its position in NXP Semiconductors by 0.9% during the 3rd quarter. Invera Wealth Advisors LLC now owns 6,104 shares of the semiconductor provider’s stock valued at $1,390,000 after purchasing an additional 56 shares in the last quarter. Finally, Avidian Wealth Enterprises LLC grew its position in shares of NXP Semiconductors by 1.9% during the 3rd quarter. Avidian Wealth Enterprises LLC now owns 3,008 shares of the semiconductor provider’s stock worth $685,000 after buying an additional 56 shares in the last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

About NXP Semiconductors

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.