Morgan Stanley Trims NXP Semiconductors (NASDAQ:NXPI) Target Price to $271.00

NXP Semiconductors (NASDAQ:NXPI) had its price target trimmed by Morgan Stanley from $275.00 to $271.00 in a research note published on Wednesday, Benzinga reports. The firm currently has an equal weight rating on the semiconductor provider’s stock.

A number of other equities research analysts have also issued reports on the stock. Stifel Nicolaus upped their target price on shares of NXP Semiconductors from $240.00 to $275.00 and gave the stock a hold rating in a report on Thursday, July 18th. Cantor Fitzgerald reaffirmed an overweight rating and set a $350.00 target price on shares of NXP Semiconductors in a report on Tuesday, July 23rd. Citigroup upped their target price on shares of NXP Semiconductors from $150.00 to $220.00 and gave the stock a sell rating in a report on Monday, July 15th. Wells Fargo & Company upped their target price on shares of NXP Semiconductors from $285.00 to $305.00 and gave the stock an overweight rating in a report on Wednesday, May 22nd. Finally, JPMorgan Chase & Co. upped their price objective on shares of NXP Semiconductors from $240.00 to $280.00 and gave the company a neutral rating in a report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, NXP Semiconductors currently has a consensus rating of Moderate Buy and an average target price of $294.89.

NXP Semiconductors Stock Performance

NASDAQ:NXPI opened at $253.62 on Wednesday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.64 and a current ratio of 2.21. The company has a fifty day moving average of $272.46 and a two-hundred day moving average of $249.94. The stock has a market capitalization of $64.60 billion, a PE ratio of 23.42, a P/E/G ratio of 2.71 and a beta of 1.49. NXP Semiconductors has a fifty-two week low of $167.21 and a fifty-two week high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share for the quarter, topping analysts’ consensus estimates of $2.82 by $0.38. The company had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.13 billion. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. The firm’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same period in the prior year, the business posted $3.04 earnings per share. As a group, research analysts forecast that NXP Semiconductors will post 12 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 10th. Shareholders of record on Thursday, June 13th were paid a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend was Thursday, June 13th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 37.49%.

Insiders Place Their Bets

In other NXP Semiconductors news, CEO Kurt Sievers sold 8,548 shares of the stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $275.75, for a total transaction of $2,357,111.00. Following the completion of the transaction, the chief executive officer now owns 177,889 shares of the company’s stock, valued at $49,052,891.75. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.11% of the stock is currently owned by insiders.

Institutional Trading of NXP Semiconductors

Several hedge funds have recently made changes to their positions in NXPI. Future Financial Wealth Managment LLC acquired a new stake in shares of NXP Semiconductors during the first quarter worth about $25,000. FinTrust Capital Advisors LLC lifted its position in shares of NXP Semiconductors by 75.4% during the fourth quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock worth $26,000 after purchasing an additional 49 shares in the last quarter. Family Firm Inc. acquired a new stake in shares of NXP Semiconductors during the second quarter worth about $27,000. LifeSteps Financial Inc. acquired a new stake in shares of NXP Semiconductors during the first quarter worth about $30,000. Finally, Valley National Advisers Inc. lifted its position in shares of NXP Semiconductors by 98.6% during the fourth quarter. Valley National Advisers Inc. now owns 137 shares of the semiconductor provider’s stock worth $31,000 after purchasing an additional 68 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Company Profile

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.