NXP Semiconductors (NASDAQ:NXPI) Price Target Raised to $265.00 at Mizuho

NXP Semiconductors (NASDAQ:NXPI) had its price target hoisted by Mizuho from $225.00 to $265.00 in a research note issued to investors on Wednesday morning, Benzinga reports. Mizuho currently has a neutral rating on the semiconductor provider’s stock.

Other research analysts have also issued research reports about the stock. Cantor Fitzgerald reaffirmed an overweight rating and issued a $290.00 price target on shares of NXP Semiconductors in a research note on Tuesday. Wolfe Research raised shares of NXP Semiconductors from a peer perform rating to an outperform rating and set a $255.00 target price for the company in a research note on Thursday, January 18th. Needham & Company LLC increased their target price on NXP Semiconductors from $250.00 to $280.00 and gave the stock a buy rating in a report on Wednesday. Susquehanna boosted their price target on NXP Semiconductors from $200.00 to $225.00 and gave the company a neutral rating in a report on Wednesday, February 7th. Finally, Stifel Nicolaus increased their price objective on NXP Semiconductors from $190.00 to $210.00 and gave the stock a hold rating in a report on Tuesday, January 2nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of $257.72.

NXP Semiconductors Price Performance

NXPI opened at $257.85 on Wednesday. The stock has a market cap of $65.93 billion, a P/E ratio of 23.81, a P/E/G ratio of 0.94 and a beta of 1.54. NXP Semiconductors has a 12 month low of $161.23 and a 12 month high of $264.26. The company has a quick ratio of 1.39, a current ratio of 2.35 and a debt-to-equity ratio of 1.11. The company has a fifty day simple moving average of $242.58 and a 200 day simple moving average of $221.15.

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

NXP Semiconductors Announces Dividend

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

Hedge Funds Weigh In On NXP Semiconductors

A number of institutional investors have recently bought and sold shares of NXPI. Commonwealth Equity Services LLC boosted its stake in shares of NXP Semiconductors by 11.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 54,261 shares of the semiconductor provider’s stock worth $10,848,000 after acquiring an additional 5,471 shares during the period. Xponance Inc. lifted its holdings in NXP Semiconductors by 0.9% during the 3rd quarter. Xponance Inc. now owns 21,921 shares of the semiconductor provider’s stock valued at $4,382,000 after purchasing an additional 192 shares during the last quarter. Mission Wealth Management LP increased its holdings in shares of NXP Semiconductors by 190.4% in the third quarter. Mission Wealth Management LP now owns 3,313 shares of the semiconductor provider’s stock valued at $662,000 after purchasing an additional 2,172 shares during the last quarter. Dakota Wealth Management acquired a new stake in shares of NXP Semiconductors during the 3rd quarter worth about $591,000. Finally, Raymond James & Associates boosted its holdings in shares of NXP Semiconductors by 1.1% during the 3rd quarter. Raymond James & Associates now owns 915,890 shares of the semiconductor provider’s stock worth $183,105,000 after buying an additional 10,286 shares during the period. Institutional investors and hedge funds 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.