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

Posted by Jeanne O'Marion on Nov 12th, 2024

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 – Get Free Report) 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.