NXP Semiconductors (NASDAQ:NXPI) Given New $235.00 Price Target at Susquehanna

NXP Semiconductors (NASDAQ:NXPI) had its price objective decreased by Susquehanna from $250.00 to $235.00 in a research note released on Wednesday morning,Benzinga reports. Susquehanna currently has a neutral rating on the semiconductor provider’s stock.

Several other research analysts also recently weighed in on NXPI. UBS Group lowered their price objective on shares of NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Loop Capital started coverage on shares of NXP Semiconductors in a research report on Monday, November 11th. They issued a “buy” rating and a $300.00 price target on the stock. TD Cowen decreased their price objective on NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating for the company in a report on Friday, November 8th. The Goldman Sachs Group raised NXP Semiconductors from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $260.00 to $257.00 in a research note on Friday, January 10th. Finally, Wells Fargo & Company initiated coverage on NXP Semiconductors in a research report on Friday, November 22nd. They set an “overweight” rating and a $250.00 target price on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, NXP Semiconductors currently has an average rating of “Moderate Buy” and an average price target of $270.85.

NXP Semiconductors Price Performance

NXPI stock opened at $216.09 on Wednesday. NXP Semiconductors has a 1 year low of $202.25 and a 1 year high of $296.08. The stock has a market capitalization of $54.92 billion, a PE ratio of 20.62, a price-to-earnings-growth ratio of 3.24 and a beta of 1.47. The company’s 50-day moving average is $217.08 and its 200-day moving average is $235.07. 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 announced its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, beating analysts’ consensus estimates of $3.43 by $0.02. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The firm had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.25 billion. During the same quarter last year, the firm posted $3.31 earnings per share. The company’s revenue for the quarter was down 5.4% compared to the same quarter last year. Equities research analysts expect that NXP Semiconductors will post 11.33 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Thursday, December 5th were issued a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend was Thursday, December 5th. NXP Semiconductors’s dividend payout ratio (DPR) is currently 38.74%.

Institutional Investors Weigh In On NXP Semiconductors

Several institutional investors have recently added to or reduced their stakes in the business. ORG Wealth Partners LLC lifted its stake in shares of NXP Semiconductors by 915.4% during the 4th quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock valued at $27,000 after buying an additional 119 shares in the last quarter. Sound Income Strategies LLC raised its holdings in NXP Semiconductors by 169.2% during the 4th quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock valued at $29,000 after acquiring an additional 88 shares during the period. FSA Wealth Management LLC purchased a new stake in shares of NXP Semiconductors during the third quarter worth $33,000. Brooklyn Investment Group boosted its holdings in shares of NXP Semiconductors by 69.5% in the fourth quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock worth $33,000 after acquiring an additional 66 shares during the period. Finally, Fortitude Family Office LLC grew its position in shares of NXP Semiconductors by 52.4% in the fourth quarter. Fortitude Family Office LLC now owns 218 shares of the semiconductor provider’s stock valued at $45,000 after purchasing an additional 75 shares in the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

About NXP Semiconductors

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.