NXP Semiconductors (NASDAQ:NXPI) Given New $270.00 Price Target at UBS Group

NXP Semiconductors (NASDAQ:NXPI) had its price target upped by UBS Group from $230.00 to $270.00 in a research report report published on Wednesday morning, Benzinga reports. They currently have a neutral rating on the semiconductor provider’s stock.

Several other analysts have also issued reports on the company. TD Cowen boosted their target price on NXP Semiconductors from $270.00 to $300.00 and gave the company an outperform rating in a research note on Tuesday, March 12th. Stifel Nicolaus boosted their price objective on NXP Semiconductors from $190.00 to $210.00 and gave the company a hold rating in a research note on Tuesday, January 2nd. Truist Financial increased their target price on shares of NXP Semiconductors from $265.00 to $291.00 and gave the stock a buy rating in a research report on Wednesday. Needham & Company LLC boosted their price target on shares of NXP Semiconductors from $250.00 to $280.00 and gave the company a buy rating in a research report on Wednesday. Finally, Oppenheimer raised their price objective on shares of NXP Semiconductors from $250.00 to $295.00 and gave the stock an outperform rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $257.72.

NXP Semiconductors Price Performance

NXPI opened at $257.85 on Wednesday. NXP Semiconductors has a fifty-two week low of $161.23 and a fifty-two week high of $264.26. The firm has a 50-day moving average of $242.58 and a 200 day moving average of $221.15. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.39 and a current ratio of 2.35. The firm has a market cap of $65.93 billion, a P/E ratio of 23.81, a PEG ratio of 0.94 and a beta of 1.54.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share for the quarter, beating analysts’ consensus estimates of $3.33 by $0.04. The firm had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.40 billion. NXP Semiconductors had a net margin of 21.24% and a return on equity of 37.65%. On average, research analysts expect that NXP Semiconductors will post 12.21 EPS for the current year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Thursday, March 21st were paid a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $4.06 dividend on an annualized basis and a yield of 1.57%. NXP Semiconductors’s dividend payout ratio is presently 37.49%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in NXPI. Lincoln National Corp lifted its stake in NXP Semiconductors by 1.9% in the fourth quarter. Lincoln National Corp now owns 2,473 shares of the semiconductor provider’s stock worth $568,000 after purchasing an additional 46 shares during the last quarter. Peterson Wealth Services lifted its stake in shares of NXP Semiconductors by 3.1% in the 1st quarter. Peterson Wealth Services now owns 1,520 shares of the semiconductor provider’s stock valued at $377,000 after acquiring an additional 46 shares during the last quarter. RFG Advisory LLC boosted its holdings in NXP Semiconductors by 1.6% during the 1st quarter. RFG Advisory LLC now owns 2,987 shares of the semiconductor provider’s stock valued at $740,000 after acquiring an additional 47 shares during the period. IMPACTfolio LLC increased its stake in NXP Semiconductors by 4.3% in the 4th quarter. IMPACTfolio LLC now owns 1,189 shares of the semiconductor provider’s stock worth $273,000 after purchasing an additional 49 shares during the period. Finally, FinTrust Capital Advisors LLC lifted its position in NXP Semiconductors by 75.4% in the fourth quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock valued at $26,000 after purchasing an additional 49 shares during the last quarter. 90.54% of the stock is owned by hedge funds and other 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.