NXP Semiconductors (NASDAQ:NXPI) Given New $275.00 Price Target at UBS Group

NXP Semiconductors (NASDAQ:NXPI) had its price target trimmed by UBS Group from $285.00 to $275.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a buy rating on the semiconductor provider’s stock.

NXPI has been the subject of a number of other reports. Cantor Fitzgerald reiterated an “overweight” rating and issued a $270.00 price target on shares of NXP Semiconductors in a report on Monday. Needham & Company LLC lowered their price objective on shares of NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating for the company in a research report on Wednesday. TD Cowen cut their price target on NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Stifel Nicolaus decreased their target price on shares of NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating for the company in a research report on Thursday, October 17th. Finally, Truist Financial cut their price target on NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating on the stock in a report on Wednesday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, NXP Semiconductors has an average rating of “Moderate Buy” and an average price target of $276.85.

NXP Semiconductors Trading Up 3.0 %

NXPI opened at $231.38 on Wednesday. NXP Semiconductors has a 12-month low of $178.19 and a 12-month high of $296.08. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.21 and a quick ratio of 1.52. The stock has a market capitalization of $58.94 billion, a PE ratio of 22.08, a P/E/G ratio of 2.57 and a beta of 1.49. The firm’s fifty day moving average price is $236.43 and its 200 day moving average price is $253.19.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results 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 analysts’ expectations of $3.25 billion. NXP Semiconductors had a net margin of 20.98% and a return on equity of 34.11%. The company’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter last year, the company posted $3.31 earnings per share. As a group, research analysts expect that NXP Semiconductors will post 11.94 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 1.75%. The ex-dividend date was Thursday, September 12th. NXP Semiconductors’s dividend payout ratio is presently 38.74%.

Insider Buying and Selling

In related news, EVP Jennifer Wuamett sold 3,500 shares of the stock in a transaction on 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 transaction, the executive vice president now owns 30,269 shares in the company, valued at $7,033,002.15. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.11% of the company’s stock.

Hedge Funds Weigh In On NXP Semiconductors

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. AM Squared Ltd acquired a new stake in shares of NXP Semiconductors in the third quarter worth $72,000. Maxwell Wealth Strategies Inc. increased its stake in shares of NXP Semiconductors by 40.1% in the third quarter. Maxwell Wealth Strategies Inc. now owns 11,838 shares of the semiconductor provider’s stock worth $2,659,000 after acquiring an additional 3,386 shares during the last quarter. Seelaus Asset Management LLC boosted its position in NXP Semiconductors by 4.6% during the third quarter. Seelaus Asset Management LLC now owns 2,616 shares of the semiconductor provider’s stock valued at $625,000 after purchasing an additional 115 shares during the last quarter. Empowered Funds LLC grew its holdings in NXP Semiconductors by 35.5% during the third quarter. Empowered Funds LLC now owns 12,297 shares of the semiconductor provider’s stock valued at $2,951,000 after purchasing an additional 3,222 shares during the last quarter. Finally, CIBC Asset Management Inc raised its position in shares of NXP Semiconductors by 6.2% in the third quarter. CIBC Asset Management Inc now owns 72,011 shares of the semiconductor provider’s stock valued at $17,283,000 after purchasing an additional 4,173 shares during the period. 90.54% of the stock is currently 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.