NXP Semiconductors (NASDAQ:NXPI) had its price target increased by Loop Capital from $125.00 to $135.00 in a research note issued to investors on Wednesday, The Fly reports. They currently have a buy rating on the semiconductor provider’s stock.
A number of other brokerages also recently commented on NXPI. Barclays lifted their target price on NXP Semiconductors from $100.00 to $130.00 and gave the company an overweight rating in a research note on Monday, July 20th. Morgan Stanley lifted their target price on NXP Semiconductors from $110.00 to $122.00 and gave the company an overweight rating in a research note on Tuesday, June 16th. Cowen restated a buy rating and issued a $115.00 target price on shares of NXP Semiconductors in a research note on Wednesday, April 29th. Jefferies Financial Group lifted their target price on NXP Semiconductors from $118.00 to $137.00 and gave the company a buy rating in a research note on Wednesday. Finally, Susquehanna Bancshares reaffirmed a hold rating and set a $110.00 price target on shares of NXP Semiconductors in a report on Tuesday, July 28th. Seven investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $128.71.
Shares of NXPI stock opened at $117.53 on Wednesday. The company has a quick ratio of 1.10, a current ratio of 1.74 and a debt-to-equity ratio of 0.88. The business has a 50 day moving average of $115.44 and a two-hundred day moving average of $109.28. NXP Semiconductors has a 52 week low of $58.41 and a 52 week high of $139.59. The company has a market cap of $32.70 billion, a P/E ratio of -1,679.00, a PEG ratio of 3.53 and a beta of 1.46.
The company also recently announced a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Monday, June 15th were issued a dividend of $0.375 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $1.50 annualized dividend and a yield of 1.28%. NXP Semiconductors’s payout ratio is 18.66%.
In other NXP Semiconductors news, Director Kenneth A. Goldman sold 1,000 shares of the company’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $94.33, for a total value of $94,330.00. Following the transaction, the director now owns 21,840 shares of the company’s stock, valued at $2,060,167.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.56% of the stock is owned by insiders.
Institutional investors have recently bought and sold shares of the company. Massachusetts Financial Services Co. MA lifted its stake in shares of NXP Semiconductors by 77.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 9,633,107 shares of the semiconductor provider’s stock valued at $798,873,000 after purchasing an additional 4,200,142 shares during the last quarter. State Street Corp lifted its position in NXP Semiconductors by 1.9% during the 1st quarter. State Street Corp now owns 7,074,839 shares of the semiconductor provider’s stock worth $589,316,000 after acquiring an additional 129,991 shares during the last quarter. Franklin Resources Inc. lifted its position in NXP Semiconductors by 9.9% during the 1st quarter. Franklin Resources Inc. now owns 6,347,699 shares of the semiconductor provider’s stock worth $526,819,000 after acquiring an additional 573,568 shares during the last quarter. Alliancebernstein L.P. lifted its position in NXP Semiconductors by 13.5% during the 1st quarter. Alliancebernstein L.P. now owns 4,016,693 shares of the semiconductor provider’s stock worth $333,104,000 after acquiring an additional 476,889 shares during the last quarter. Finally, Invesco Ltd. lifted its position in NXP Semiconductors by 25.2% during the 1st quarter. Invesco Ltd. now owns 3,938,311 shares of the semiconductor provider’s stock worth $326,604,000 after acquiring an additional 793,109 shares during the last quarter. Institutional investors and hedge funds own 88.34% 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.
Recommended Story: Hang Seng Index (HSI)
Receive News & Ratings for NXP Semiconductors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NXP Semiconductors and related companies with MarketBeat.com's FREE daily email newsletter.