Barclays Boosts NXP Semiconductors (NASDAQ:NXPI) Price Target to $330.00

NXP Semiconductors (NASDAQ:NXPI) had its target price boosted by Barclays from $280.00 to $330.00 in a report published on Thursday morning, Benzinga reports. The brokerage currently has an overweight rating on the semiconductor provider’s stock.

Other equities analysts have also issued reports about the stock. Citigroup increased their price objective on shares of NXP Semiconductors from $150.00 to $220.00 and gave the company a sell rating in a research report on Monday, July 15th. The Goldman Sachs Group increased their price objective on shares of NXP Semiconductors from $240.00 to $275.00 and gave the company a neutral rating in a research report on Wednesday, May 1st. Stifel Nicolaus increased their price objective on shares of NXP Semiconductors from $240.00 to $275.00 and gave the company a hold rating in a research report on Thursday. UBS Group increased their price objective on shares of NXP Semiconductors from $230.00 to $270.00 and gave the company a neutral rating in a research report on Wednesday, May 1st. Finally, Needham & Company LLC increased their price objective on shares of NXP Semiconductors from $250.00 to $280.00 and gave the company a buy rating in a research report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $282.54.

NXP Semiconductors Stock Performance

NASDAQ NXPI opened at $269.29 on Thursday. The company has a current ratio of 2.35, a quick ratio of 1.64 and a debt-to-equity ratio of 1.11. The firm’s fifty day moving average price is $273.25 and its two-hundred day moving average price is $248.43. NXP Semiconductors has a 1 year low of $167.21 and a 1 year high of $296.08. The firm has a market capitalization of $68.85 billion, a P/E ratio of 24.87, a price-to-earnings-growth ratio of 2.52 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Monday, April 29th. The semiconductor provider reported $2.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.78 by $0.07. NXP Semiconductors had a net margin of 21.24% and a return on equity of 37.65%. The firm had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.13 billion. As a group, research analysts anticipate that NXP Semiconductors will post 12.47 EPS for the current year.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 10th. Shareholders of record on Thursday, June 13th were paid a dividend of $1.014 per share. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $4.06 dividend on an annualized basis and a yield of 1.51%. NXP Semiconductors’s payout ratio is 37.49%.

Insiders Place Their Bets

In other NXP Semiconductors news, CEO Kurt Sievers sold 8,548 shares of the stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $275.75, for a total transaction of $2,357,111.00. Following the sale, the chief executive officer now directly owns 177,889 shares in the company, valued at $49,052,891.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.11% of the company’s stock.

Institutional Investors Weigh In On NXP Semiconductors

Hedge funds have recently made changes to their positions in the stock. Assenagon Asset Management S.A. boosted its stake in shares of NXP Semiconductors by 46.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 89,297 shares of the semiconductor provider’s stock valued at $20,510,000 after purchasing an additional 28,518 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in NXP Semiconductors by 29.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 125,594 shares of the semiconductor provider’s stock valued at $28,846,000 after buying an additional 28,758 shares during the last quarter. Principal Financial Group Inc. raised its holdings in NXP Semiconductors by 1.0% in the 4th quarter. Principal Financial Group Inc. now owns 330,144 shares of the semiconductor provider’s stock valued at $75,827,000 after buying an additional 3,262 shares during the last quarter. Stratos Wealth Partners LTD. raised its holdings in NXP Semiconductors by 27.0% in the 4th quarter. Stratos Wealth Partners LTD. now owns 4,788 shares of the semiconductor provider’s stock valued at $1,100,000 after buying an additional 1,019 shares during the last quarter. Finally, Zhang Financial LLC raised its holdings in NXP Semiconductors by 55.7% in the 1st quarter. Zhang Financial LLC now owns 3,943 shares of the semiconductor provider’s stock valued at $977,000 after buying an additional 1,411 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

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.