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

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

Several other brokerages also recently issued reports on NXPI. Citic Securities initiated coverage on shares of NXP Semiconductors in a research report on Friday. They set a $288.00 price objective for the company. Citigroup lifted their price target on NXP Semiconductors from $150.00 to $220.00 and gave the stock a sell rating in a report on Monday, July 15th. TD Cowen decreased their price objective on NXP Semiconductors from $330.00 to $310.00 and set a buy rating on the stock in a report on Wednesday, July 24th. Cantor Fitzgerald dropped their target price on NXP Semiconductors from $350.00 to $270.00 and set an overweight rating for the company in a report on Tuesday, October 8th. Finally, UBS Group upgraded shares of NXP Semiconductors from a neutral rating to a buy rating and upped their price target for the company from $275.00 to $285.00 in a research note on Monday, October 7th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, NXP Semiconductors has an average rating of Moderate Buy and an average price target of $291.40.

NXP Semiconductors Stock Performance

NXPI opened at $238.10 on Friday. The company has a quick ratio of 1.52, a current ratio of 2.21 and a debt-to-equity ratio of 1.04. NXP Semiconductors has a 12-month low of $167.21 and a 12-month high of $296.08. The business has a 50 day moving average of $239.84 and a 200-day moving average of $253.37. The stock has a market cap of $60.88 billion, a price-to-earnings ratio of 21.99, a PEG ratio of 2.58 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Monday, July 22nd. The semiconductor provider reported $3.20 EPS for the quarter, topping analysts’ consensus estimates of $2.82 by $0.38. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. The firm had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same period in the previous year, the business posted $3.04 earnings per share. The company’s revenue for the quarter was down 5.2% compared to the same quarter last year. On average, equities research analysts expect that NXP Semiconductors will post 11.97 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Thursday, September 12th were given a dividend of $1.014 per share. The ex-dividend date was Thursday, September 12th. This represents a $4.06 annualized dividend and a dividend yield of 1.70%. NXP Semiconductors’s dividend payout ratio is currently 37.40%.

Insider Buying and Selling at NXP Semiconductors

In related news, insider Julie Southern bought 146 shares of the company’s stock in a transaction dated Tuesday, July 30th. The stock was purchased at an average price of $257.54 per share, with a total value of $37,600.84. Following the completion of the acquisition, the insider now owns 11,297 shares of the company’s stock, valued at $2,909,429.38. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Julie Southern purchased 146 shares of the stock in a transaction dated Tuesday, July 30th. The stock was bought 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 owns 11,297 shares of the company’s stock, 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 Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jennifer Wuamett sold 3,500 shares of the firm’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total value of $813,225.00. Following the sale, the executive vice president now directly owns 30,269 shares in the company, valued at approximately $7,033,002.15. This trade 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 Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in NXP Semiconductors by 893.2% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,332,578 shares of the semiconductor provider’s stock valued at $535,747,000 after acquiring an additional 2,097,727 shares during the period. V Square Quantitative Management LLC increased its holdings in NXP Semiconductors by 42.8% in the fourth quarter. V Square Quantitative Management LLC now owns 3,849 shares of the semiconductor provider’s stock valued at $884,000 after purchasing an additional 1,153 shares during the period. American International Group Inc. raised its position in NXP Semiconductors by 1.1% during the 4th quarter. American International Group Inc. now owns 90,938 shares of the semiconductor provider’s stock worth $20,887,000 after purchasing an additional 1,000 shares during the last quarter. Richardson Financial Services Inc. acquired a new position in NXP Semiconductors during the 4th quarter worth about $548,000. Finally, Congress Asset Management Co. MA grew its position in shares of NXP Semiconductors by 0.8% in the 4th quarter. Congress Asset Management Co. MA now owns 509,420 shares of the semiconductor provider’s stock valued at $117,004,000 after buying an additional 4,074 shares during the last quarter. 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.