NXP Semiconductors (NASDAQ:NXPI) Price Target Lowered to $277.00 at The Goldman Sachs Group

NXP Semiconductors (NASDAQ:NXPI) had its target price decreased by The Goldman Sachs Group from $285.00 to $277.00 in a report released on Friday morning.

A number of other analysts have also commented on the company. Citigroup lifted their price target on NXP Semiconductors from $150.00 to $220.00 and gave the stock a sell rating in a report on Monday, July 15th. Truist Financial decreased their price objective on NXP Semiconductors from $291.00 to $287.00 and set a buy rating for the company in a report on Wednesday, July 24th. Citic Securities initiated coverage on NXP Semiconductors in a research report on Friday. They set a $288.00 target price on the stock. Cantor Fitzgerald reduced their price target on shares of NXP Semiconductors from $350.00 to $270.00 and set an overweight rating for the company in a research report on Tuesday. Finally, Needham & Company LLC raised their target price on shares of NXP Semiconductors from $280.00 to $300.00 and gave the company a buy rating in a research note on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus target price of $291.40.

NXP Semiconductors Stock Performance

Shares of NXPI stock opened at $238.10 on Friday. The company has a current ratio of 2.21, a quick ratio of 1.52 and a debt-to-equity ratio of 1.04. NXP Semiconductors has a 12 month low of $167.21 and a 12 month high of $296.08. The firm has a market capitalization of $60.88 billion, a PE ratio of 21.99, a price-to-earnings-growth ratio of 2.58 and a beta of 1.49. The firm has a fifty day simple moving average of $239.84 and a two-hundred day simple moving average of $253.22.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Monday, July 22nd. The semiconductor provider reported $3.20 EPS for the quarter, topping the consensus estimate of $2.82 by $0.38. NXP Semiconductors had a return on equity of 35.65% and a net margin of 21.21%. The firm had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same period in the prior year, the business posted $3.04 earnings per share. The company’s quarterly revenue was down 5.2% compared to the same quarter last year. Analysts forecast that NXP Semiconductors will post 11.97 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th were issued a dividend of $1.014 per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $4.06 annualized dividend and a dividend yield of 1.70%. NXP Semiconductors’s dividend payout ratio (DPR) is 37.40%.

Insider Buying and Selling

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the business’s stock in a transaction dated Tuesday, September 17th. The shares were 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 directly owns 30,269 shares of the company’s stock, valued at $7,033,002.15. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Jennifer Wuamett sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The shares were 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 represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Julie Southern purchased 146 shares of the business’s stock in a transaction dated Tuesday, July 30th. The stock was bought at an average price of $257.54 per share, for a total transaction of $37,600.84. Following the completion of the acquisition, the insider now directly owns 11,297 shares in the company, valued at approximately $2,909,429.38. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.11% of the stock is currently owned by corporate insiders.

Institutional Trading of NXP Semiconductors

Hedge funds have recently modified their holdings of the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in shares of NXP Semiconductors by 893.2% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,332,578 shares of the semiconductor provider’s stock worth $535,747,000 after acquiring an additional 2,097,727 shares in the last quarter. Norden Group LLC purchased a new position in NXP Semiconductors in the first quarter worth $1,775,000. Congress Asset Management Co. MA increased its position in shares of NXP Semiconductors by 0.8% during the fourth quarter. Congress Asset Management Co. MA now owns 509,420 shares of the semiconductor provider’s stock worth $117,004,000 after purchasing an additional 4,074 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of NXP Semiconductors by 4,525.6% during the 1st quarter. Bessemer Group Inc. now owns 356,774 shares of the semiconductor provider’s stock valued at $88,399,000 after purchasing an additional 349,061 shares during the last quarter. Finally, M&G Plc purchased a new stake in shares of NXP Semiconductors during the 1st quarter valued at $65,830,000. 90.54% of the stock is owned by hedge funds and other 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.