NXP Semiconductors (NASDAQ:NXPI) Given New $280.00 Price Target at Barclays

NXP Semiconductors (NASDAQ:NXPI) had its price target reduced by Barclays from $330.00 to $280.00 in a research report released on Tuesday morning,Benzinga reports. They currently have an overweight rating on the semiconductor provider’s stock.

NXPI has been the topic of a number of other research reports. Citigroup increased their price target on NXP Semiconductors from $150.00 to $220.00 and gave the company a “sell” rating in a research note on Monday, July 15th. Mizuho set a $290.00 price target on NXP Semiconductors in a research note on Friday, October 18th. The Goldman Sachs Group dropped their price objective on NXP Semiconductors from $285.00 to $277.00 in a research note on Friday, October 11th. Citic Securities assumed coverage on NXP Semiconductors in a research note on Friday, October 11th. They set a $288.00 price objective on the stock. Finally, Stifel Nicolaus dropped their price objective on NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating on the stock in a research note on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $276.85.

NXP Semiconductors Stock Up 2.0 %

NASDAQ NXPI opened at $236.12 on Tuesday. The company has a current ratio of 2.21, a quick ratio of 1.52 and a debt-to-equity ratio of 1.04. The stock’s 50 day moving average is $236.43 and its two-hundred day moving average is $253.19. The company has a market capitalization of $60.15 billion, a price-to-earnings ratio of 22.53, a PEG ratio of 2.57 and a beta of 1.49. NXP Semiconductors has a 1-year low of $179.64 and a 1-year high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last announced its 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 the consensus estimate of $3.25 billion. NXP Semiconductors had a return on equity of 34.11% and a net margin of 20.98%. NXP Semiconductors’s revenue was down 5.4% compared to the same quarter last year. During the same period in the previous year, the business earned $3.31 EPS. Equities analysts forecast that NXP Semiconductors will post 11.94 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th were given a $1.014 dividend. The ex-dividend date was Thursday, September 12th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.72%. NXP Semiconductors’s payout ratio is 38.74%.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the business’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 transaction of $813,225.00. Following the completion of the transaction, the executive vice president now directly owns 30,269 shares in the company, valued at $7,033,002.15. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.11% of the company’s stock.

Institutional Trading of NXP Semiconductors

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Drive Wealth Management LLC grew its stake in shares of NXP Semiconductors by 4.3% in the second quarter. Drive Wealth Management LLC now owns 953 shares of the semiconductor provider’s stock worth $257,000 after purchasing an additional 39 shares during the last quarter. Beacon Capital Management LLC raised its holdings in shares of NXP Semiconductors by 36.4% in the 1st quarter. Beacon Capital Management LLC now owns 150 shares of the semiconductor provider’s stock worth $37,000 after acquiring an additional 40 shares during the last quarter. Patten Group Inc. raised its holdings in shares of NXP Semiconductors by 1.2% in the 2nd quarter. Patten Group Inc. now owns 3,454 shares of the semiconductor provider’s stock worth $929,000 after acquiring an additional 42 shares during the last quarter. West Paces Advisors Inc. raised its holdings in shares of NXP Semiconductors by 3.1% in the 2nd quarter. West Paces Advisors Inc. now owns 1,500 shares of the semiconductor provider’s stock worth $404,000 after acquiring an additional 45 shares during the last quarter. Finally, Octavia Wealth Advisors LLC raised its holdings in shares of NXP Semiconductors by 5.4% in the 2nd quarter. Octavia Wealth Advisors LLC now owns 880 shares of the semiconductor provider’s stock worth $238,000 after acquiring an additional 45 shares during the last quarter. 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.