Susquehanna Lowers NXP Semiconductors (NASDAQ:NXPI) Price Target to $235.00

NXP Semiconductors (NASDAQ:NXPI) had its price target cut by Susquehanna from $250.00 to $235.00 in a research report report published on Wednesday,Benzinga reports. They currently have a neutral rating on the semiconductor provider’s stock.

A number of other research firms have also recently weighed in on NXPI. TD Cowen cut their price objective on shares of NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating for the company in a report on Friday, November 8th. Needham & Company LLC decreased their price objective on shares of NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Barclays reduced their price target on shares of NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Morgan Stanley lowered their price objective on NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 6th. Finally, UBS Group reduced their target price on NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $270.85.

NXP Semiconductors Stock Performance

NASDAQ NXPI opened at $213.43 on Wednesday. The firm has a market capitalization of $54.24 billion, a P/E ratio of 20.37, a PEG ratio of 3.25 and a beta of 1.47. The stock has a 50-day simple moving average of $216.86 and a two-hundred day simple moving average of $234.84. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.60 and a current ratio of 2.35. NXP Semiconductors has a fifty-two week low of $202.25 and a fifty-two week high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, topping the consensus estimate of $3.43 by $0.02. The business had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.25 billion. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The business’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.31 EPS. On average, equities analysts forecast that NXP Semiconductors will post 11.33 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th were paid a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend was Thursday, December 5th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 38.65%.

Institutional Trading of NXP Semiconductors

A number of hedge funds and other institutional investors have recently modified their holdings of NXPI. RBA Wealth Management LLC raised its holdings in shares of NXP Semiconductors by 4.6% in the 4th quarter. RBA Wealth Management LLC now owns 13,484 shares of the semiconductor provider’s stock valued at $2,803,000 after buying an additional 588 shares during the period. Calamos Wealth Management LLC increased its position in shares of NXP Semiconductors by 12.9% during the fourth quarter. Calamos Wealth Management LLC now owns 48,651 shares of the semiconductor provider’s stock worth $10,112,000 after acquiring an additional 5,553 shares during the period. abrdn plc boosted its holdings in NXP Semiconductors by 3.7% in the fourth quarter. abrdn plc now owns 558,482 shares of the semiconductor provider’s stock valued at $116,122,000 after purchasing an additional 20,031 shares during the period. GDS Wealth Management increased its holdings in NXP Semiconductors by 6.4% during the 4th quarter. GDS Wealth Management now owns 59,308 shares of the semiconductor provider’s stock worth $12,327,000 after purchasing an additional 3,568 shares during the period. Finally, JB Capital LLC increased its holdings in NXP Semiconductors by 6.2% during the 4th quarter. JB Capital LLC now owns 58,393 shares of the semiconductor provider’s stock worth $12,137,000 after purchasing an additional 3,419 shares during the period. 90.54% of the stock is owned by institutional investors and hedge funds.

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.