Mizuho Forecasts Strong Price Appreciation for NXP Semiconductors (NASDAQ:NXPI) Stock

NXP Semiconductors (NASDAQ:NXPI) had its target price upped by research analysts at Mizuho from $240.00 to $255.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the semiconductor provider’s stock. Mizuho’s price target points to a potential upside of 7.81% from the company’s current price.

Other equities analysts have also issued reports about the stock. Wells Fargo & Company initiated coverage on shares of NXP Semiconductors in a research note on Friday, November 22nd. They issued an “overweight” rating and a $250.00 target price for the company. Oppenheimer reduced their price objective on NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. Evercore ISI dropped their target price on NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Citigroup raised NXP Semiconductors from a “neutral” rating to a “buy” rating and upped their price target for the stock from $210.00 to $290.00 in a research report on Thursday. Finally, UBS Group lowered their price objective on shares of NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Four analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $267.00.

NXP Semiconductors Stock Down 3.8 %

NXP Semiconductors stock opened at $236.52 on Thursday. The company has a 50 day moving average of $214.86 and a 200-day moving average of $227.99. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. NXP Semiconductors has a twelve month low of $198.21 and a twelve month high of $296.08. The stock has a market capitalization of $60.11 billion, a PE ratio of 24.31, a price-to-earnings-growth ratio of 3.01 and a beta of 1.46.

Institutional Trading of NXP Semiconductors

Several institutional investors and hedge funds have recently bought and sold shares of NXPI. ORG Wealth Partners LLC raised its stake in NXP Semiconductors by 915.4% in the 4th quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock valued at $27,000 after acquiring an additional 119 shares during the period. FSA Wealth Management LLC bought a new position in NXP Semiconductors during the third quarter worth $33,000. Sound Income Strategies LLC increased its holdings in shares of NXP Semiconductors by 169.2% in the fourth quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock valued at $29,000 after purchasing an additional 88 shares during the last quarter. Runnymede Capital Advisors Inc. bought a new position in shares of NXP Semiconductors in the fourth quarter valued at about $32,000. Finally, Smithfield Trust Co acquired a new stake in shares of NXP Semiconductors during the 4th quarter worth about $32,000. 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.