NXP Semiconductors (NASDAQ:NXPI) Price Target Cut to $250.00 by Analysts at Susquehanna

NXP Semiconductors (NASDAQ:NXPI) had its price target reduced by Susquehanna from $260.00 to $250.00 in a research report released on Wednesday,Benzinga reports. Susquehanna currently has a neutral rating on the semiconductor provider’s stock.

A number of other equities analysts have also recently commented on the stock. Mizuho set a $290.00 price objective on shares of NXP Semiconductors in a research report on Friday, October 18th. Truist Financial dropped their price target on NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Barclays dropped their price target on NXP Semiconductors from $330.00 to $280.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $270.00 price target on shares of NXP Semiconductors in a research note on Monday, November 4th. Finally, UBS Group raised NXP Semiconductors from a “neutral” rating to a “buy” rating and boosted their price target for the company from $275.00 to $285.00 in a research note on Monday, October 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $275.60.

NXP Semiconductors Price Performance

NASDAQ NXPI opened at $233.89 on Wednesday. The company has a quick ratio of 1.52, a current ratio of 2.35 and a debt-to-equity ratio of 0.99. NXP Semiconductors has a 12-month low of $179.64 and a 12-month high of $296.08. The company has a market capitalization of $59.45 billion, a PE ratio of 22.32, a price-to-earnings-growth ratio of 3.08 and a beta of 1.49. The firm’s 50 day moving average is $235.72 and its 200-day moving average is $253.17.

NXP Semiconductors (NASDAQ:NXPI) last released 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. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The business had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.25 billion. During the same period last year, the business earned $3.31 earnings per share. The firm’s revenue was down 5.4% on a year-over-year basis. Equities research analysts anticipate that NXP Semiconductors will post 11.94 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th were paid a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date was Thursday, September 12th. NXP Semiconductors’s payout ratio is 38.74%.

Insider Transactions at NXP Semiconductors

In related news, EVP Jennifer Wuamett sold 3,500 shares of NXP Semiconductors stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total value of $813,225.00. Following the completion of the sale, the executive vice president now owns 30,269 shares of the company’s stock, valued at approximately $7,033,002.15. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.11% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in NXPI. Family Firm Inc. bought a new stake in NXP Semiconductors in the second quarter valued at approximately $27,000. Addison Advisors LLC raised its holdings in shares of NXP Semiconductors by 224.2% during the second quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock valued at $29,000 after acquiring an additional 74 shares in the last quarter. Valley National Advisers Inc. raised its holdings in shares of NXP Semiconductors by 71.2% during the second quarter. Valley National Advisers Inc. now owns 125 shares of the semiconductor provider’s stock valued at $33,000 after acquiring an additional 52 shares in the last quarter. Beacon Capital Management LLC raised its holdings in shares of NXP Semiconductors by 36.4% during the first quarter. Beacon Capital Management LLC now owns 150 shares of the semiconductor provider’s stock valued at $37,000 after acquiring an additional 40 shares in the last quarter. Finally, Fortitude Family Office LLC raised its holdings in shares of NXP Semiconductors by 615.0% during the second quarter. Fortitude Family Office LLC now owns 143 shares of the semiconductor provider’s stock valued at $38,000 after acquiring an additional 123 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.