NXP Semiconductors (NASDAQ:NXPI) had its target price cut by Mizuho to $127.00 in a research report sent to investors on Wednesday, The Fly reports. They currently have a buy rating on the semiconductor provider’s stock.
Several other research firms also recently weighed in on NXPI. JPMorgan Chase & Co. boosted their price target on NXP Semiconductors from $105.00 to $111.00 and gave the company a neutral rating in a research note on Wednesday, April 29th. Deutsche Bank boosted their price target on NXP Semiconductors from $115.00 to $135.00 and gave the company a buy rating in a research note on Friday, July 17th. Cowen reiterated a buy rating and set a $115.00 price target on shares of NXP Semiconductors in a research note on Wednesday, April 29th. Raymond James boosted their price target on NXP Semiconductors from $115.00 to $130.00 and gave the company an outperform rating in a research note on Monday, July 13th. Finally, BMO Capital Markets dropped their price target on NXP Semiconductors from $125.00 to $115.00 and set a market perform rating on the stock in a research note on Wednesday, April 29th. Seven equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. NXP Semiconductors presently has a consensus rating of Buy and an average target price of $128.71.
Shares of NXPI stock opened at $117.53 on Wednesday. NXP Semiconductors has a 1-year low of $58.41 and a 1-year high of $139.59. The stock’s fifty day moving average price is $115.44 and its 200 day moving average price is $109.28. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.74 and a quick ratio of 1.10. The company has a market cap of $32.70 billion, a price-to-earnings ratio of -1,679.00, a price-to-earnings-growth 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. Shareholders 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 dividend on an annualized basis and a dividend yield of 1.28%. NXP Semiconductors’s payout ratio is currently 18.66%.
In other NXP Semiconductors news, Director Kenneth A. Goldman sold 1,000 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $94.33, for a total transaction of $94,330.00. Following the completion of the transaction, the director now owns 21,840 shares of the company’s stock, valued at $2,060,167.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.56% of the stock is owned by corporate insiders.
Several institutional investors have recently made changes to their positions in the business. Massachusetts Financial Services Co. MA raised its holdings in shares of NXP Semiconductors by 77.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 9,633,107 shares of the semiconductor provider’s stock valued at $798,873,000 after acquiring an additional 4,200,142 shares during the last quarter. State Street Corp grew its position in shares of NXP Semiconductors by 1.9% in the first quarter. State Street Corp now owns 7,074,839 shares of the semiconductor provider’s stock valued at $589,316,000 after purchasing an additional 129,991 shares in the last quarter. Franklin Resources Inc. grew its position in shares of NXP Semiconductors by 9.9% in the first quarter. Franklin Resources Inc. now owns 6,347,699 shares of the semiconductor provider’s stock valued at $526,819,000 after purchasing an additional 573,568 shares in the last quarter. Alliancebernstein L.P. grew its position in shares of NXP Semiconductors by 13.5% in the first quarter. Alliancebernstein L.P. now owns 4,016,693 shares of the semiconductor provider’s stock valued at $333,104,000 after purchasing an additional 476,889 shares in the last quarter. Finally, Invesco Ltd. grew its position in shares of NXP Semiconductors by 25.2% in the first quarter. Invesco Ltd. now owns 3,938,311 shares of the semiconductor provider’s stock valued at $326,604,000 after purchasing an additional 793,109 shares in the last quarter. 88.34% of the stock is owned by institutional investors and hedge funds.
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.
Further Reading: Outperform Rating
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