Needham & Company LLC Cuts NXP Semiconductors (NASDAQ:NXPI) Price Target to $230.00

NXP Semiconductors (NASDAQ:NXPI) had its price target reduced by Needham & Company LLC from $250.00 to $230.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have a buy rating on the semiconductor provider’s stock.

Several other equities research analysts have also recently commented on NXPI. Mizuho set a $290.00 price target on NXP Semiconductors in a research note on Friday, October 18th. Barclays reduced their target price on NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a report on Friday, January 17th. UBS Group reduced their target price on NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Morgan Stanley reduced their target price on NXP Semiconductors from $235.00 to $231.00 and set an “equal weight” rating for the company in a report on Wednesday. Finally, Loop Capital initiated coverage on NXP Semiconductors in a report on Monday, November 11th. They issued a “buy” rating and a $300.00 target price for the company. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $263.15.

NXP Semiconductors Trading Down 1.8 %

NASDAQ:NXPI opened at $212.93 on Wednesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.35 and a quick ratio of 1.60. NXP Semiconductors has a fifty-two week low of $198.21 and a fifty-two week high of $296.08. The stock’s 50-day moving average is $214.22 and its two-hundred day moving average is $230.15. The stock has a market cap of $54.12 billion, a PE ratio of 20.32, a price-to-earnings-growth ratio of 3.14 and a beta of 1.46.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th were issued a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.90%. The ex-dividend date was Thursday, December 5th. NXP Semiconductors’s dividend payout ratio is 38.74%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of NXP Semiconductors by 387.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,294,340 shares of the semiconductor provider’s stock valued at $550,665,000 after purchasing an additional 1,823,650 shares during the period. Van ECK Associates Corp lifted its stake in shares of NXP Semiconductors by 67.2% in the 3rd quarter. Van ECK Associates Corp now owns 3,041,129 shares of the semiconductor provider’s stock valued at $718,680,000 after purchasing an additional 1,222,736 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of NXP Semiconductors by 337.2% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 939,924 shares of the semiconductor provider’s stock valued at $225,591,000 after purchasing an additional 724,951 shares during the period. International Assets Investment Management LLC lifted its stake in shares of NXP Semiconductors by 24,533.2% in the 3rd quarter. International Assets Investment Management LLC now owns 514,341 shares of the semiconductor provider’s stock valued at $123,447,000 after purchasing an additional 512,253 shares during the period. Finally, Assenagon Asset Management S.A. lifted its stake in shares of NXP Semiconductors by 1,172.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 555,189 shares of the semiconductor provider’s stock valued at $115,396,000 after purchasing an additional 511,553 shares during the period. Institutional investors and hedge funds 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.