Barclays Cuts NXP Semiconductors (NASDAQ:NXPI) Price Target to $200.00

NXP Semiconductors (NASDAQ:NXPIGet Rating) had its price target reduced by Barclays from $220.00 to $200.00 in a research report released on Tuesday, The Fly reports. They currently have an overweight rating on the semiconductor provider’s stock.

A number of other research firms also recently issued reports on NXPI. Deutsche Bank Aktiengesellschaft cut their price objective on shares of NXP Semiconductors from $245.00 to $225.00 and set a buy rating on the stock in a report on Wednesday, April 20th. UBS Group cut their price objective on shares of NXP Semiconductors from $170.00 to $160.00 in a report on Wednesday, May 4th. Oppenheimer cut their price objective on shares of NXP Semiconductors from $235.00 to $210.00 in a report on Thursday, April 28th. Morgan Stanley cut their price objective on shares of NXP Semiconductors from $194.00 to $180.00 and set an equal weight rating on the stock in a report on Friday, June 10th. Finally, Truist Financial cut their price target on shares of NXP Semiconductors from $265.00 to $211.00 and set a buy rating on the stock in a report on Friday, April 8th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, NXP Semiconductors currently has an average rating of Moderate Buy and a consensus price target of $222.95.

NASDAQ NXPI opened at $153.51 on Tuesday. The company has a fifty day simple moving average of $175.98 and a 200 day simple moving average of $192.05. NXP Semiconductors has a 12-month low of $151.32 and a 12-month high of $239.91. The company has a current ratio of 1.85, a quick ratio of 1.39 and a debt-to-equity ratio of 1.56. The company has a market cap of $40.31 billion, a P/E ratio of 19.07, a PEG ratio of 0.59 and a beta of 1.35.

NXP Semiconductors (NASDAQ:NXPIGet Rating) last posted its quarterly earnings results on Monday, May 2nd. The semiconductor provider reported $3.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.85 by $0.26. NXP Semiconductors had a net margin of 18.70% and a return on equity of 40.21%. The business had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.10 billion. Sell-side analysts predict that NXP Semiconductors will post 12.35 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 6th. Stockholders of record on Wednesday, June 15th will be given a dividend of $0.845 per share. This represents a $3.38 annualized dividend and a dividend yield of 2.20%. The ex-dividend date is Tuesday, June 14th. NXP Semiconductors’s dividend payout ratio is presently 41.99%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. increased its position in shares of NXP Semiconductors by 18.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 588,570 shares of the semiconductor provider’s stock valued at $108,932,000 after buying an additional 89,796 shares during the period. Advisory Services Network LLC increased its position in shares of NXP Semiconductors by 3.3% during the first quarter. Advisory Services Network LLC now owns 12,338 shares of the semiconductor provider’s stock valued at $2,283,000 after buying an additional 389 shares during the period. Resources Management Corp CT ADV increased its position in shares of NXP Semiconductors by 17.3% during the first quarter. Resources Management Corp CT ADV now owns 8,942 shares of the semiconductor provider’s stock valued at $1,655,000 after buying an additional 1,318 shares during the period. Toroso Investments LLC increased its position in shares of NXP Semiconductors by 42.3% during the first quarter. Toroso Investments LLC now owns 4,110 shares of the semiconductor provider’s stock valued at $761,000 after buying an additional 1,222 shares during the period. Finally, Golden State Equity Partners bought a new stake in shares of NXP Semiconductors during the first quarter valued at about $355,000. Hedge funds and other institutional investors own 89.03% of the company’s stock.

About NXP Semiconductors (Get Rating)

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.

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