NXP Semiconductors (NASDAQ:NXPI) had its price target upped by research analysts at KeyCorp from $190.00 to $195.00 in a report released on Wednesday, The Fly reports. The firm currently has an â€œoverweightâ€ rating on the semiconductor providerâ€™s stock. KeyCorpâ€™s price target would indicate a potential upside of 11.43% from the companyâ€™s previous close. KeyCorp also issued estimates for NXP Semiconductorsâ€™ Q4 2020 earnings at $1.84 EPS, FY2020 earnings at $4.77 EPS, Q1 2021 earnings at $1.67 EPS, Q2 2021 earnings at $1.75 EPS, Q3 2021 earnings at $2.02 EPS, Q4 2021 earnings at $2.16 EPS and FY2021 earnings at $7.59 EPS.
Other research analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of NXP Semiconductors from a â€œbuyâ€ rating to a â€œholdâ€ rating and set a $173.00 price target on the stock. in a research note on Tuesday, December 8th. Mizuho boosted their price objective on shares of NXP Semiconductors from $155.00 to $173.00 and gave the company a â€œbuyâ€ rating in a research report on Monday, December 28th. Citigroup increased their target price on NXP Semiconductors from $115.00 to $135.00 and gave the stock a â€œneutralâ€ rating in a report on Friday, October 9th. Morgan Stanley boosted their price target on NXP Semiconductors from $162.00 to $177.00 and gave the company an â€œoverweightâ€ rating in a report on Monday, December 14th. Finally, Loop Capital increased their price objective on NXP Semiconductors from $135.00 to $160.00 and gave the stock a â€œbuyâ€ rating in a report on Friday, October 9th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. NXP Semiconductors presently has a consensus rating of â€œBuyâ€ and an average price target of $153.27.
NXPI opened at $174.99 on Wednesday. The company has a fifty day simple moving average of $158.04 and a 200 day simple moving average of $134.20. The company has a quick ratio of 1.33, a current ratio of 1.64 and a debt-to-equity ratio of 0.84. The stock has a market cap of $48.95 billion, a P/E ratio of -330.17, a P/E/G ratio of 3.36 and a beta of 1.53. NXP Semiconductors has a 12 month low of $58.41 and a 12 month high of $176.50.
NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Monday, October 26th. The semiconductor provider reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.14. NXP Semiconductors had a positive return on equity of 17.16% and a negative net margin of 1.70%. The company had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.27 billion. On average, equities research analysts expect that NXP Semiconductors will post 4.68 earnings per share for the current fiscal year.
In other NXP Semiconductors news, Director Julie Southern sold 4,000 shares of the firmâ€™s stock in a transaction on Tuesday, December 1st. The stock was sold at an average price of $160.65, for a total transaction of $642,600.00. Following the completion of the sale, the director now owns 8,146 shares of the companyâ€™s stock, valued at approximately $1,308,654.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Stephen Owen sold 7,313 shares of NXP Semiconductors stock in a transaction on Tuesday, December 8th. The stock was sold at an average price of $165.35, for a total transaction of $1,209,204.55. The disclosure for this sale can be found here. Insiders have sold 39,128 shares of company stock valued at $6,171,512 in the last quarter. 0.56% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the business. Public Sector Pension Investment Board grew its stake in shares of NXP Semiconductors by 16.3% in the third quarter. Public Sector Pension Investment Board now owns 167,800 shares of the semiconductor providerâ€™s stock valued at $20,943,000 after acquiring an additional 23,500 shares in the last quarter. Boardman Bay Capital Management LLC acquired a new position in shares of NXP Semiconductors during the 3rd quarter worth approximately $1,248,000. Dupont Capital Management Corp increased its holdings in shares of NXP Semiconductors by 236.3% during the third quarter. Dupont Capital Management Corp now owns 18,908 shares of the semiconductor providerâ€™s stock worth $2,360,000 after purchasing an additional 13,286 shares during the period. Stratos Wealth Partners LTD. acquired a new stake in shares of NXP Semiconductors in the third quarter valued at approximately $234,000. Finally, Fifth Third Bancorp boosted its stake in shares of NXP Semiconductors by 321.1% in the third quarter. Fifth Third Bancorp now owns 19,317 shares of the semiconductor providerâ€™s stock valued at $2,411,000 after buying an additional 14,730 shares during the period. Hedge funds and other institutional investors own 83.82% of the companyâ€™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 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.
See Also: Institutional Investors
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