The Goldman Sachs Group Cuts NXP Semiconductors (NASDAQ:NXPI) Price Target to $277.00

NXP Semiconductors (NASDAQ:NXPI - Free Report) had its price objective lowered by The Goldman Sachs Group from $285.00 to $277.00 in a research report released on Friday.

NXPI has been the topic of several other reports. Truist Financial cut their price objective on shares of NXP Semiconductors from $291.00 to $287.00 and set a buy rating on the stock in a report on Wednesday, July 24th. Barclays increased their target price on shares of NXP Semiconductors from $280.00 to $330.00 and gave the stock an overweight rating in a report on Thursday, July 18th. Cantor Fitzgerald cut their target price on shares of NXP Semiconductors from $350.00 to $270.00 and set an overweight rating on the stock in a report on Tuesday. Stifel Nicolaus increased 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. Finally, Morgan Stanley cut their target price on shares of NXP Semiconductors from $275.00 to $271.00 and set an equal weight rating on the stock in a report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of $291.40.

NXP Semiconductors Trading Up 0.8 %

NASDAQ NXPI traded up $1.93 during trading hours on Friday, hitting $238.10. The company's stock had a trading volume of 1,148,210 shares, compared to its average volume of 2,266,430. The stock has a fifty day moving average of $239.83 and a 200 day moving average of $253.23. NXP Semiconductors has a twelve month low of $167.21 and a twelve month high of $296.08. The firm has a market capitalization of $60.65 billion, a P/E ratio of 22.34, a PEG ratio of 2.58 and a beta of 1.49. The company has a quick ratio of 1.52, a current ratio of 2.21 and a debt-to-equity ratio of 1.04.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced its quarterly earnings data on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share for the quarter, beating the consensus estimate of $2.82 by $0.38. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. The business had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same period in the prior year, the business posted $3.04 earnings per share. NXP Semiconductors's revenue was down 5.2% compared to the same quarter last year. Equities research analysts forecast that NXP Semiconductors will post 11.97 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm 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 1.70%. The ex-dividend date was Thursday, September 12th. NXP Semiconductors's dividend payout ratio (DPR) is currently 37.94%.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, insider Julie Southern bought 146 shares of the firm's stock in a transaction that occurred on Tuesday, July 30th. The stock was acquired at an average price of $257.54 per share, with a total value of $37,600.84. Following the completion of the transaction, the insider now owns 11,297 shares in the company, valued at approximately $2,909,429.38. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other NXP Semiconductors news, insider Julie Southern bought 146 shares of the firm's stock in a transaction that occurred on Tuesday, July 30th. The stock was acquired at an average price of $257.54 per share, with a total value of $37,600.84. Following the completion of the transaction, the insider now owns 11,297 shares in the company, valued at approximately $2,909,429.38. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jennifer Wuamett sold 3,500 shares of the firm's stock in a transaction on Tuesday, September 17th. The shares were 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 directly owns 30,269 shares of the company's stock, valued at approximately $7,033,002.15. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.11% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of NXPI. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in shares of NXP Semiconductors by 893.2% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,332,578 shares of the semiconductor provider's stock valued at $535,747,000 after acquiring an additional 2,097,727 shares during the period. V Square Quantitative Management LLC grew its position in shares of NXP Semiconductors by 42.8% in the 4th quarter. V Square Quantitative Management LLC now owns 3,849 shares of the semiconductor provider's stock valued at $884,000 after acquiring an additional 1,153 shares during the period. American International Group Inc. grew its position in shares of NXP Semiconductors by 1.1% in the 4th quarter. American International Group Inc. now owns 90,938 shares of the semiconductor provider's stock valued at $20,887,000 after acquiring an additional 1,000 shares during the period. Richardson Financial Services Inc. bought a new position in shares of NXP Semiconductors in the 4th quarter valued at about $548,000. Finally, Congress Asset Management Co. MA lifted its stake in shares of NXP Semiconductors by 0.8% during the 4th quarter. Congress Asset Management Co. MA now owns 509,420 shares of the semiconductor provider's stock worth $117,004,000 after buying an additional 4,074 shares during the last quarter. Institutional investors 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.