NXP Semiconductors (NASDAQ:NXPI) Price Target Raised to $258.00 at Truist Financial

NXP Semiconductors (NASDAQ:NXPI) had its target price hoisted by analysts at Truist Financial from $245.00 to $258.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the semiconductor provider’s stock. Truist Financial’s price target points to a potential upside of 12.63% from the stock’s current price.

NXPI has been the subject of several other research reports. Cantor Fitzgerald reiterated an “overweight” rating and issued a $250.00 price objective on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Stifel Nicolaus decreased their price objective on shares of NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating on the stock in a report on Wednesday, February 5th. Citigroup raised shares of NXP Semiconductors from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $200.00 to $210.00 in a research note on Wednesday, February 5th. Evercore ISI decreased their price target on shares of NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Finally, TD Cowen dropped their price objective on shares of NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Five analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, NXP Semiconductors presently has an average rating of “Moderate Buy” and an average price target of $264.75.

NXP Semiconductors Price Performance

NXP Semiconductors stock traded up $4.94 during trading hours on Tuesday, hitting $229.08. 2,930,829 shares of the stock were exchanged, compared to its average volume of 2,638,529. The stock has a market capitalization of $58.22 billion, a P/E ratio of 23.54, a P/E/G ratio of 2.64 and a beta of 1.46. The business’s 50-day moving average is $213.17 and its two-hundred day moving average is $227.79. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36. NXP Semiconductors has a 12 month low of $198.21 and a 12 month high of $296.08.

Institutional Investors Weigh In On NXP Semiconductors

Several institutional investors have recently added to or reduced their stakes in the stock. ORG Wealth Partners LLC boosted its position in shares of NXP Semiconductors by 915.4% during the fourth quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock worth $27,000 after buying an additional 119 shares during the period. Sound Income Strategies LLC boosted its position in NXP Semiconductors by 169.2% during the 4th quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock worth $29,000 after acquiring an additional 88 shares during the last quarter. Smithfield Trust Co bought a new position in shares of NXP Semiconductors during the 4th quarter worth approximately $32,000. Runnymede Capital Advisors Inc. acquired a new stake in shares of NXP Semiconductors in the fourth quarter valued at approximately $32,000. Finally, FSA Wealth Management LLC bought a new stake in shares of NXP Semiconductors in the third quarter worth $33,000. 90.54% of the stock is owned by 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.