Investment Analysts’ Recent Ratings Updates for NXP Semiconductors (NXPI)

Several analysts have recently updated their ratings and price targets for NXP Semiconductors (NASDAQ: NXPI):

• 11/11/2024 – NXP Semiconductors is now covered by analysts at Loop Capital. They set a “buy” rating and a $300.00 price target on the stock.
• 11/8/2024 – NXP Semiconductors had its price target lowered by analysts at TD Cowen from $300.00 to $285.00. They now have a “buy” rating on the stock.
• 11/6/2024 – NXP Semiconductors had its price target lowered by analysts at Evercore ISI from $370.00 to $315.00. They now have an “outperform” rating on the stock.
• 11/6/2024 – NXP Semiconductors had its price target lowered by analysts at Oppenheimer Holdings Inc. from $330.00 to $300.00. They now have an “outperform” rating on the stock.
• 11/6/2024 – NXP Semiconductors had its price target lowered by analysts at Susquehanna from $260.00 to $250.00. They now have a “neutral” rating on the stock.
• 11/6/2024 – NXP Semiconductors had its price target lowered by analysts at Morgan Stanley from $250.00 to $235.00. They now have an “equal weight” rating on the stock.
• 11/6/2024 – NXP Semiconductors had its price target lowered by analysts at UBS Group AG from $285.00 to $275.00. They now have a “buy” rating on the stock.
• 11/6/2024 – NXP Semiconductors had its price target lowered by analysts at Truist Financial Co. from $287.00 to $252.00. They now have a “buy” rating on the stock.
• 11/6/2024 – NXP Semiconductors had its price target lowered by analysts at Needham & Company LLC from $300.00 to $250.00. They now have a “buy” rating on the stock.
• 11/5/2024 – NXP Semiconductors had its price target lowered by analysts at Barclays PLC from $330.00 to $280.00. They now have an “overweight” rating on the stock.
• 11/4/2024 – NXP Semiconductors had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $270.00 price target on the stock.
• 10/18/2024 – NXP Semiconductors was given a new $290.00 price target on by analysts at Mizuho.
• 10/17/2024 – NXP Semiconductors had its price target lowered by analysts at Stifel Nicolaus from $275.00 to $260.00. They now have a “hold” rating on the stock.
• 10/11/2024 – NXP Semiconductors had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $285.00 to $277.00.
• 10/11/2024 – NXP Semiconductors is now covered by analysts at Citic Securities. They set a $288.00 price target on the stock.
• 10/8/2024 – NXP Semiconductors had its price target lowered by analysts at Cantor Fitzgerald from $350.00 to $270.00. They now have an “overweight” rating on the stock.
• 10/7/2024 – NXP Semiconductors was upgraded by analysts at UBS Group AG from a “neutral” rating to a “buy” rating. They now have a $285.00 price target on the stock, up previously from $275.00.

NXP Semiconductors Price Performance

NASDAQ NXPI traded down $2.25 on Tuesday, hitting $224.79. 2,528,787 shares of the company’s stock were exchanged, compared to its average volume of 2,300,709. The stock has a 50-day moving average of $235.14 and a 200-day moving average of $253.42. The company has a current ratio of 2.35, a quick ratio of 1.52 and a debt-to-equity ratio of 0.99. NXP Semiconductors has a 52 week low of $181.96 and a 52 week high of $296.08. The stock has a market cap of $57.13 billion, a price-to-earnings ratio of 21.45, a P/E/G ratio of 4.30 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, beating analysts’ consensus estimates of $3.43 by $0.02. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The business had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.25 billion. During the same period in the prior year, the business posted $3.31 earnings per share. NXP Semiconductors’s quarterly revenue was down 5.4% on a year-over-year basis. Analysts expect that NXP Semiconductors will post 11.43 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Thursday, September 12th were given a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date was Thursday, September 12th. NXP Semiconductors’s payout ratio is 38.65%.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of NXP Semiconductors stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total transaction of $813,225.00. Following the completion of the transaction, the executive vice president now owns 30,269 shares in the company, valued at approximately $7,033,002.15. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.11% of the stock is currently owned by corporate insiders.

Institutional Trading of NXP Semiconductors

Institutional investors have recently modified their holdings of the company. Quantbot Technologies LP bought a new stake in shares of NXP Semiconductors in the 1st quarter worth about $843,000. Empowered Funds LLC boosted its holdings in shares of NXP Semiconductors by 80.1% in the 1st quarter. Empowered Funds LLC now owns 7,818 shares of the semiconductor provider’s stock valued at $1,937,000 after acquiring an additional 3,478 shares during the last quarter. Atomi Financial Group Inc. purchased a new stake in NXP Semiconductors during the first quarter worth $237,000. QRG Capital Management Inc. lifted its holdings in NXP Semiconductors by 34.1% during the first quarter. QRG Capital Management Inc. now owns 1,716 shares of the semiconductor provider’s stock valued at $425,000 after purchasing an additional 436 shares in the last quarter. Finally, Avantax Advisory Services Inc. raised its position in shares of NXP Semiconductors by 8.2% in the first quarter. Avantax Advisory Services Inc. now owns 9,819 shares of the semiconductor provider’s stock valued at $2,433,000 after buying an additional 748 shares during the last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

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.