NXP Semiconductors (NASDAQ:NXPI) Given New $127.00 Price Target at Jefferies Financial Group

NXP Semiconductors (NASDAQ:NXPI) had its price target raised by Jefferies Financial Group from $119.00 to $127.00 in a report released on Monday, The Fly reports. Jefferies Financial Group currently has a buy rating on the semiconductor provider’s stock. Jefferies Financial Group also issued estimates for NXP Semiconductors’ Q1 2020 earnings at $1.53 EPS and Q2 2020 earnings at $1.73 EPS.

NXPI has been the topic of a number of other reports. Mizuho raised NXP Semiconductors from a neutral rating to a buy rating and raised their price objective for the company from $108.00 to $130.00 in a report on Tuesday, November 5th. S&P Equity Research lifted their price target on NXP Semiconductors from $145.00 to $155.00 in a research note on Friday. They noted that the move was a valuation call. Sanford C. Bernstein set a $125.00 price target on NXP Semiconductors and gave the stock a buy rating in a research note on Wednesday, September 18th. Cowen lifted their price target on NXP Semiconductors from $125.00 to $135.00 and gave the stock an outperform rating in a research note on Wednesday, October 30th. Finally, Credit Suisse Group reaffirmed an outperform rating and issued a $150.00 price target (up from $135.00) on shares of NXP Semiconductors in a research note on Friday. Four investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. NXP Semiconductors presently has a consensus rating of Buy and an average target price of $128.89.

Shares of NASDAQ NXPI opened at $131.83 on Monday. The stock has a market cap of $36.89 billion, a price-to-earnings ratio of 22.19, a P/E/G ratio of 1.45 and a beta of 1.24. The company has a current ratio of 1.90, a quick ratio of 1.54 and a debt-to-equity ratio of 0.78. NXP Semiconductors has a 1-year low of $77.47 and a 1-year high of $132.51. The stock’s 50-day moving average is $124.04 and its 200 day moving average is $110.19.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Monday, October 28th. The semiconductor provider reported $2.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.61 by $0.57. The company had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.24 billion. NXP Semiconductors had a return on equity of 23.37% and a net margin of 4.51%. On average, analysts forecast that NXP Semiconductors will post 6.4 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Monday, December 16th were given a $0.375 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.14%. NXP Semiconductors’s dividend payout ratio is currently 25.25%.

In other news, EVP Keith M. Shull sold 21,085 shares of NXP Semiconductors stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $119.35, for a total value of $2,516,494.75. Following the sale, the executive vice president now directly owns 15,092 shares in the company, valued at approximately $1,801,230.20. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Stephen Owen sold 1,639 shares of NXP Semiconductors stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $118.00, for a total value of $193,402.00. Following the completion of the sale, the executive vice president now owns 7,096 shares in the company, valued at $837,328. The disclosure for this sale can be found here. Over the last quarter, insiders sold 35,416 shares of company stock worth $4,245,127.

Several hedge funds have recently modified their holdings of the company. ICONIQ Capital LLC boosted its holdings in NXP Semiconductors by 0.5% in the third quarter. ICONIQ Capital LLC now owns 17,321 shares of the semiconductor provider’s stock worth $1,896,000 after acquiring an additional 91 shares in the last quarter. Wetherby Asset Management Inc. boosted its stake in NXP Semiconductors by 2.3% during the third quarter. Wetherby Asset Management Inc. now owns 4,575 shares of the semiconductor provider’s stock valued at $500,000 after buying an additional 102 shares during the last quarter. Lantz Financial LLC boosted its stake in NXP Semiconductors by 0.8% during the third quarter. Lantz Financial LLC now owns 14,189 shares of the semiconductor provider’s stock valued at $1,514,000 after buying an additional 108 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in NXP Semiconductors by 17.7% during the third quarter. Parkside Financial Bank & Trust now owns 784 shares of the semiconductor provider’s stock valued at $86,000 after buying an additional 118 shares during the last quarter. Finally, Cardinal Capital Management boosted its stake in NXP Semiconductors by 1.6% during the third quarter. Cardinal Capital Management now owns 8,061 shares of the semiconductor provider’s stock valued at $879,000 after buying an additional 125 shares during the last quarter. Hedge funds and other institutional investors own 89.64% of the company’s stock.

NXP Semiconductors Company Profile

NXP Semiconductors N.V., a semiconductor company, provides high performance mixed signal solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. The company offers products for audio and visual head-end unit applications, such as single-chip radio solutions, multi-standard radios, audio amplifiers and power analog products, and i.MX applications processors; in-vehicle networking products; two-way secure entry products; various sensors and microcontrollers; power management solutions; battery cell controllers; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.

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