Cowen increased their target price for NXP Semiconductors (NASDAQ:NXPI) from $190.00 to $200.00. Several other equity research analysts have recently issued reports on the firm. In a study published on April 19, Citigroup changed NXP Semiconductors from a buy recommendation to a neutral rating and reduced their PT from $240 to $190.
In a study published on Tuesday, June 21, Barclays announced a reduction in their target price for NXP Semiconductors from $220 to $200 and maintained an overweight rating.
In a study dated May 4, UBS Group downgraded its price objective for NXP Semiconductors from $170.00 to $160.00. On Wednesday, June 29, Bank of America lowered their price goal on NXP Semiconductors from $220.00 to $190.00 and gave the stock a buy rating in a study.
In a study published on Friday, April 8, Truist Financial lowered its price objective on NXP Semiconductors from $265 to $210 and maintained a buy rating on the stock. Analysts have one sell rating, eight hold ratings, nine buy ratings, and one strong buy rating on this stock. MarketBeat.com said that the current rating for NXP Semiconductors is “Moderate Buy,” with an average PT of $205.64.
Trading in NXP Semiconductors Change: +0.4%
NASDAQ: NXPI began trading on Wednesday at $183.88 per share. The firm’s valuation is $48.28 billion, with a P/E of 20.07, P/E/G = 0.64, and beta = 1.41. The stock price of NXP Semiconductors has moved between $140.33 and $239.91 during the last year. The company’s quick ratio is 1.39, its current ratio is 1.85, and its debt-to-equity ratio is 1.56. 50-day SMA for this company is $168.58, and 200-day SMA at $180.02.
On Monday, July 25, NXP Semiconductors (NASDAQ: NXPI) announced its quarterly earnings. The supplier of semiconductors reported quarterly earnings per share (EPS) of $3.55, which was $0.50 higher than the average forecast of $3.05 from market experts. The company posted $3.31 billion in sales for the quarter, which is 3.1% more than the average quarterly forecast. The net margin for NXP Semiconductors was 19.83%, while their return on equity was 50.16%. Revenue for the 1st quarter was up 27.3% year over year for the company. The company reported $2.05 in profits/share during the same period in 2021.
Dividend Announced by NXP Semiconductors
A quarterly dividend was also recently announced and paid by the company on July 6. The dividend payment was made on June 15 to shareholders of record on June 15. This dividend’s ex-dividend date was June 14, Tuesday. This yields 1.84 percent and generates a dividend of $3.38 per year. The payout ratio for NXP Semiconductors is now 36.90%.
Buying and Selling NXP Semiconductors in the Business World
Many significant investors have been active buyers and sellers of NXPI shares lately. During the first 3 months of 2022, Core Alternative Capital raised its NXP Semiconductors shares by 2183.3%. After purchasing an extra 131 shares, Core Alternative Capital currently owns a total of 137 provider’s stock shares which is valued at $25,000. During the first three months, Riverview Trust Co. spent almost $26,000 acquiring a new place in NXP Semiconductors. After acquiring 114 shares, Toth Financial Advisory Corp currently owns 157 semiconductor provider’s stock shares, with a value of approximately $29,000. During the first 3 months of 2022, Steward Financial Group LLC earned a new point in shares of NXP Semiconductors for about $30,000.
Description of NXP Semiconductors as a Business
Many semiconductor options are available from NXP Semiconductors N.V. Microcontrollers, application processors (such as the i.MX family of processors), communication processors, wireless solutions (including NFC, Zigbee, ultra-wideband Bluetooth, Wi-Fi, Bluetooth low-energy), analog and interface devices, security controllers, and semiconductors make up the bulk of the products offered by the company.
Recently, Deutsche Bank set a $195 price objective on NXP Semiconductors (NXPI) stock.
Deutsche Bank has set its price objective for NXP Semiconductors (NXPI) stock at $195. And Ross Seymore, an analyst at Deutsche Bank, continues to recommend buying the stock.
Seymore has observed that the semiconductor industry is still in its limbo stage as the second quarter earnings season approaches. In addition, Seymore said that investors seem to be waiting for a sweeping deck-clearing guide-down before re-entering semiconductor stocks. However, fundamental strength is expected across the bulk of the industry in the second and third quarters.
Seymore is actively incorporating rising macro/sector headwinds into 2023 projections, lowering sales, profit, and price predictions by an average of 4%, 10%, and 14%, respectively.