NXP Semiconductors (NASDAQ:NXPI) had its price target hoisted by JPMorgan Chase & Co. from $111.00 to $128.00 in a research report released on Wednesday, AnalystRatings.com reports. JPMorgan Chase & Co. currently has a neutral rating on the semiconductor provider’s stock.
Several other research firms also recently commented on NXPI. Zacks Investment Research upgraded NXP Semiconductors from a hold rating to a buy rating and set a $131.00 target price for the company in a research report on Tuesday, July 14th. Raymond James lifted their price objective on NXP Semiconductors from $115.00 to $130.00 and gave the company an outperform rating in a report on Monday, July 13th. Susquehanna Bancshares reaffirmed a hold rating and issued a $110.00 target price on shares of NXP Semiconductors in a report on Tuesday, July 28th. Mizuho cut their price target on shares of NXP Semiconductors to $127.00 and set a buy rating for the company in a report on Wednesday. Finally, Morgan Stanley upped their price objective on shares of NXP Semiconductors from $110.00 to $122.00 and gave the stock an overweight rating in a research note on Tuesday, June 16th. Seven research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $128.71.
NASDAQ:NXPI opened at $117.53 on Wednesday. The firm has a market capitalization of $32.79 billion, a PE ratio of 18.34, a price-to-earnings-growth ratio of 3.54 and a beta of 1.46. The company has a quick ratio of 1.10, a current ratio of 1.74 and a debt-to-equity ratio of 0.88. NXP Semiconductors has a 12-month low of $58.41 and a 12-month high of $139.59. The firm has a 50-day moving average price of $115.44 and a 200 day moving average price of $109.28.
The firm also recently announced a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Monday, June 15th were paid a $0.375 dividend. The ex-dividend date was Friday, June 12th. This represents a $1.50 dividend on an annualized basis and a yield of 1.28%. NXP Semiconductors’s payout ratio is 18.66%.
In other news, Director Kenneth A. Goldman sold 1,000 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $94.33, for a total transaction of $94,330.00. Following the sale, the director now owns 21,840 shares of the company’s stock, valued at $2,060,167.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.56% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Procyon Private Wealth Partners LLC acquired a new stake in NXP Semiconductors during the 4th quarter worth approximately $34,000. Verus Capital Partners LLC bought a new stake in shares of NXP Semiconductors during the fourth quarter worth $45,000. San Francisco Sentry Investment Group CA raised its holdings in shares of NXP Semiconductors by 33.2% during the second quarter. San Francisco Sentry Investment Group CA now owns 401 shares of the semiconductor provider’s stock worth $46,000 after acquiring an additional 100 shares during the period. RMR Wealth Builders bought a new stake in NXP Semiconductors in the 4th quarter valued at $53,000. Finally, Ninety One SA PTY Ltd acquired a new position in NXP Semiconductors in the 1st quarter worth $37,000. 88.34% of the stock is owned by institutional investors and hedge funds.
About NXP Semiconductors
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.
Read More: The limitations of an equal weight rating
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.