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

NXP Semiconductors (NASDAQ:NXPI) had its target price reduced by The Goldman Sachs Group from $285.00 to $277.00 in a report issued on Friday.

NXPI has been the topic of a number of other research reports. TD Cowen reduced their price target on NXP Semiconductors from $330.00 to $310.00 and set a buy rating on the stock in a research report on Wednesday, July 24th. UBS Group raised shares of NXP Semiconductors from a neutral rating to a buy rating and lifted their target price for the company from $275.00 to $285.00 in a report on Monday, October 7th. Barclays increased their price objective on NXP Semiconductors from $280.00 to $330.00 and gave the stock an overweight rating in a research report on Thursday, July 18th. StockNews.com cut NXP Semiconductors from a buy rating to a hold rating in a research note on Friday, August 2nd. Finally, Truist Financial lowered their price objective on shares of NXP Semiconductors from $291.00 to $287.00 and set a buy rating on the stock in a research report on Wednesday, July 24th. One equities 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 stock. According to MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $291.40.

NXP Semiconductors Stock Up 2.2 %

NASDAQ NXPI opened at $243.44 on Friday. The company has a market cap of $62.24 billion, a P/E ratio of 22.48, a P/E/G ratio of 2.58 and a beta of 1.49. NXP Semiconductors has a one year low of $167.21 and a one year high of $296.08. The business has a fifty day moving average price of $240.00 and a 200 day moving average price of $253.34. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.52 and a current ratio of 2.21.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.82 by $0.38. The business had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.13 billion. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. The business’s revenue was down 5.2% compared to the same quarter last year. During the same quarter last year, the firm earned $3.04 EPS. Research analysts anticipate that NXP Semiconductors will post 11.97 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th were issued a $1.014 dividend. The ex-dividend date was Thursday, September 12th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.67%. NXP Semiconductors’s dividend payout ratio (DPR) is 37.40%.

Insider Activity

In other news, insider Julie Southern purchased 146 shares of the stock in a transaction dated Tuesday, July 30th. The stock was acquired at an average cost of $257.54 per share, for a total transaction of $37,600.84. Following the completion of the acquisition, the insider now directly owns 11,297 shares in the company, valued at $2,909,429.38. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other NXP Semiconductors news, insider Julie Southern purchased 146 shares of the firm’s stock in a transaction on Tuesday, July 30th. The shares were purchased at an average cost of $257.54 per share, with a total value of $37,600.84. Following the purchase, the insider now owns 11,297 shares in the company, valued at approximately $2,909,429.38. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Jennifer Wuamett sold 3,500 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total transaction of $813,225.00. Following 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 represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.

Institutional Trading of NXP Semiconductors

A number of institutional investors and hedge funds have recently made changes to their positions in the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in NXP Semiconductors by 893.2% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,332,578 shares of the semiconductor provider’s stock worth $535,747,000 after acquiring an additional 2,097,727 shares during the last quarter. Norden Group LLC purchased a new position in NXP Semiconductors in the first quarter valued at approximately $1,775,000. Congress Asset Management Co. MA grew its stake in NXP Semiconductors by 0.8% during the fourth 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 period. Bessemer Group Inc. increased its position in shares of NXP Semiconductors by 4,525.6% in the first quarter. Bessemer Group Inc. now owns 356,774 shares of the semiconductor provider’s stock worth $88,399,000 after acquiring an additional 349,061 shares in the last quarter. Finally, M&G Plc acquired a new stake in shares of NXP Semiconductors in the first quarter worth $65,830,000. 90.54% of the stock is currently owned by institutional investors and hedge funds.

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.