Loop Capital set a $130.00 target price on NXP Semiconductors (NASDAQ:NXPI) in a research report report published on Thursday, TipRanks reports. The brokerage currently has a buy rating on the semiconductor provider’s stock.
Other equities research analysts have also recently issued research reports about the company. BidaskClub raised NXP Semiconductors from a sell rating to a hold rating in a report on Thursday, September 12th. Evercore ISI raised NXP Semiconductors from an in-line rating to an outperform rating and lifted their price target for the company from $110.00 to $125.00 in a report on Monday, July 29th. Morgan Stanley lifted their price target on NXP Semiconductors from $114.00 to $115.00 and gave the company an overweight rating in a report on Wednesday, July 31st. Raymond James initiated coverage on NXP Semiconductors in a report on Monday, August 19th. They set an outperform rating and a $115.00 price target on the stock. Finally, Sanford C. Bernstein set a $125.00 price target on NXP Semiconductors and gave the company a buy rating in a report on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of Buy and a consensus target price of $106.90.
NASDAQ NXPI traded up $2.59 during trading hours on Thursday, reaching $109.12. The company’s stock had a trading volume of 2,251,525 shares, compared to its average volume of 3,679,637. The company has a current ratio of 1.82, a quick ratio of 1.44 and a debt-to-equity ratio of 0.79. The business has a 50-day simple moving average of $104.15 and a 200 day simple moving average of $98.58. NXP Semiconductors has a 52 week low of $67.62 and a 52 week high of $112.06. The stock has a market cap of $35.63 billion, a PE ratio of 18.37, a PEG ratio of 1.37 and a beta of 1.24.
NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Tuesday, July 30th. The semiconductor provider reported $2.00 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.48 by $0.52. The company had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.20 billion. NXP Semiconductors had a return on equity of 22.22% and a net margin of 23.10%. As a group, equities analysts predict that NXP Semiconductors will post 6.34 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Monday, September 16th will be paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date is Friday, September 13th. This is a positive change from NXP Semiconductors’s previous quarterly dividend of $0.25. NXP Semiconductors’s dividend payout ratio (DPR) is currently 25.25%.
In other NXP Semiconductors news, EVP Keith M. Shull sold 4,196 shares of NXP Semiconductors stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $108.14, for a total value of $453,755.44. Following the transaction, the executive vice president now owns 9,587 shares in the company, valued at $1,036,738.18. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Keith M. Shull sold 4,569 shares of NXP Semiconductors stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $105.53, for a total transaction of $482,166.57. Following the completion of the transaction, the executive vice president now owns 13,783 shares in the company, valued at approximately $1,454,519.99. The disclosure for this sale can be found here. Insiders have sold 18,765 shares of company stock worth $1,919,522 in the last quarter.
Institutional investors have recently bought and sold shares of the business. Westwood Holdings Group Inc. acquired a new position in NXP Semiconductors in the second quarter worth approximately $25,000. Next Capital Management LLC acquired a new position in NXP Semiconductors in the second quarter worth approximately $26,000. Global Trust Asset Management LLC acquired a new position in NXP Semiconductors in the second quarter worth approximately $26,000. Cornerstone Advisors Inc. grew its position in NXP Semiconductors by 55.8% in the second quarter. Cornerstone Advisors Inc. now owns 374 shares of the semiconductor provider’s stock worth $37,000 after buying an additional 134 shares during the last quarter. Finally, Prestige Wealth Management Group LLC acquired a new position in NXP Semiconductors in the second quarter worth approximately $39,000. Hedge funds and other institutional investors own 74.81% of the company’s stock.
NXP Semiconductors Company Profile
NXP Semiconductors N.V., a semiconductor company, provides high performance mixed signal solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. The company offers products for audio and visual head-end unit applications, such as single-chip radio solutions, multi-standard radios, audio amplifiers and power analog products, and i.MX applications processors; in-vehicle networking products; two-way secure entry products; various sensors and microcontrollers; power management solutions; battery cell controllers; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.
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