Mizuho Boosts NXP Semiconductors (NASDAQ:NXPI) Price Target to $255.00

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) had its target price lifted by investment analysts at Mizuho from $240.00 to $255.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an "outperform" rating on the semiconductor provider's stock. Mizuho's price objective suggests a potential upside of 7.81% from the company's previous close.

Other equities analysts also recently issued research reports about the company. Needham & Company LLC cut their target price on NXP Semiconductors from $250.00 to $230.00 and set a "buy" rating for the company in a research report on Wednesday, February 5th. Loop Capital started coverage on NXP Semiconductors in a research report on Monday, November 11th. They set a "buy" rating and a $300.00 target price for the company. Citigroup upgraded NXP Semiconductors from a "neutral" rating to a "buy" rating and raised their target price for the stock from $210.00 to $290.00 in a research report on Thursday. Evercore ISI cut their target price on NXP Semiconductors from $370.00 to $315.00 and set an "outperform" rating for the company in a research report on Wednesday, November 6th. Finally, UBS Group cut their target price on NXP Semiconductors from $285.00 to $275.00 and set a "buy" rating for the company in a research report on Wednesday, November 6th. Four analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, NXP Semiconductors has a consensus rating of "Moderate Buy" and an average target price of $267.00.

NXP Semiconductors Price Performance

Shares of NXP Semiconductors stock traded down $9.34 during midday trading on Thursday, hitting $236.52. 5,304,408 shares of the company were exchanged, compared to its average volume of 2,894,500. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. The firm has a market cap of $60.11 billion, a P/E ratio of 24.31, a PEG ratio of 3.01 and a beta of 1.46. NXP Semiconductors has a 52 week low of $198.21 and a 52 week high of $296.08. The firm has a 50 day simple moving average of $214.86 and a 200-day simple moving average of $227.99.

Institutional Investors Weigh In On NXP Semiconductors

Institutional investors and hedge funds have recently made changes to their positions in the company. Eastern Bank acquired a new stake in shares of NXP Semiconductors during the third quarter worth $419,000. Commerzbank Aktiengesellschaft FI grew its stake in shares of NXP Semiconductors by 38.6% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 1,480 shares of the semiconductor provider's stock worth $356,000 after purchasing an additional 412 shares during the period. International Assets Investment Management LLC grew its stake in shares of NXP Semiconductors by 24,533.2% during the third quarter. International Assets Investment Management LLC now owns 514,341 shares of the semiconductor provider's stock worth $123,447,000 after purchasing an additional 512,253 shares during the period. Patrick M Sweeney & Associates Inc. grew its stake in shares of NXP Semiconductors by 6.4% during the third quarter. Patrick M Sweeney & Associates Inc. now owns 864 shares of the semiconductor provider's stock worth $207,000 after purchasing an additional 52 shares during the period. Finally, Hennion & Walsh Asset Management Inc. grew its stake in shares of NXP Semiconductors by 40.3% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 2,318 shares of the semiconductor provider's stock worth $556,000 after purchasing an additional 666 shares during the period. 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.