NXP Semiconductors (NASDAQ:NXPI) Price Target Raised to $258.00 at Truist Financial

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) had its target price boosted by equities researchers at Truist Financial from $245.00 to $258.00 in a report released on Tuesday,Benzinga reports. The firm presently has a "buy" rating on the semiconductor provider's stock. Truist Financial's target price indicates a potential upside of 9.08% from the stock's current price.

NXPI has been the topic of a number of other reports. Loop Capital began coverage on NXP Semiconductors in a research note on Monday, November 11th. They issued a "buy" rating and a $300.00 price target on the stock. UBS Group cut their price target on NXP Semiconductors from $285.00 to $275.00 and set a "buy" rating on the stock in a research note on Wednesday, November 6th. Stifel Nicolaus cut their price target on NXP Semiconductors from $231.00 to $210.00 and set a "hold" rating on the stock in a research note on Wednesday, February 5th. Citigroup upgraded NXP Semiconductors from a "sell" rating to a "neutral" rating and raised their price target for the company from $200.00 to $210.00 in a research note on Wednesday, February 5th. Finally, StockNews.com cut NXP Semiconductors from a "buy" rating to a "hold" rating in a research note on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $267.00.

NXP Semiconductors Stock Down 3.8 %

NXP Semiconductors stock traded down $9.34 during midday trading on Tuesday, reaching $236.52. The company's stock had a trading volume of 5,138,146 shares, compared to its average volume of 2,888,363. NXP Semiconductors has a fifty-two week low of $198.21 and a fifty-two week high of $296.08. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. The company has a market cap of $60.11 billion, a P/E ratio of 24.31, a P/E/G ratio of 3.01 and a beta of 1.46. The business has a 50-day simple moving average of $214.47 and a 200-day simple moving average of $227.98.

Hedge Funds Weigh In On NXP Semiconductors

Several institutional investors have recently added to or reduced their stakes in the stock. Crumly & Associates Inc. boosted its holdings in NXP Semiconductors by 2.0% in the 3rd quarter. Crumly & Associates Inc. now owns 2,274 shares of the semiconductor provider's stock valued at $546,000 after purchasing an additional 45 shares in the last quarter. Sterling Investment Counsel LLC boosted its holdings in NXP Semiconductors by 5.7% in the 3rd quarter. Sterling Investment Counsel LLC now owns 850 shares of the semiconductor provider's stock valued at $204,000 after purchasing an additional 46 shares in the last quarter. Ascent Group LLC boosted its holdings in NXP Semiconductors by 0.4% in the 3rd quarter. Ascent Group LLC now owns 12,498 shares of the semiconductor provider's stock valued at $3,000,000 after purchasing an additional 46 shares in the last quarter. Central Bank & Trust Co. boosted its holdings in NXP Semiconductors by 1.1% in the 4th quarter. Central Bank & Trust Co. now owns 4,412 shares of the semiconductor provider's stock valued at $917,000 after purchasing an additional 48 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings in NXP Semiconductors by 9.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 573 shares of the semiconductor provider's stock valued at $119,000 after purchasing an additional 51 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company's stock.

About NXP Semiconductors

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.