NXP Semiconductors (NASDAQ:NXPI) Price Target Raised to $258.00

NXP Semiconductors (NASDAQ:NXPI) had its price target hoisted by stock analysts at Truist Financial from $245.00 to $258.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the semiconductor provider’s stock. Truist Financial’s target price suggests a potential upside of 5.06% from the stock’s previous close.

A number of other brokerages have also recently issued reports on NXPI. Evercore ISI decreased their target price on NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Citigroup upgraded NXP Semiconductors from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $200.00 to $210.00 in a report on Wednesday, February 5th. Stifel Nicolaus decreased their target price on NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating for the company in a report on Wednesday, February 5th. JPMorgan Chase & Co. decreased their target price on NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Finally, UBS Group decreased their price target on NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Five analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $264.75.

NXP Semiconductors Stock Up 7.3 %

Shares of NASDAQ:NXPI opened at $245.58 on Tuesday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36. NXP Semiconductors has a 1 year low of $198.21 and a 1 year high of $296.08. The stock has a market capitalization of $62.42 billion, a P/E ratio of 25.24, a PEG ratio of 2.75 and a beta of 1.46. The stock has a 50-day simple moving average of $213.90 and a 200-day simple moving average of $227.86.

Hedge Funds Weigh In On NXP Semiconductors

A number of institutional investors have recently made changes to their positions in NXPI. ORG Wealth Partners LLC raised its position in shares of NXP Semiconductors by 915.4% during 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 in the last quarter. Sound Income Strategies LLC raised its position in shares of NXP Semiconductors by 169.2% during the 4th quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock valued at $29,000 after acquiring an additional 88 shares in the last quarter. Smithfield Trust Co acquired a new stake in shares of NXP Semiconductors during the 4th quarter valued at approximately $32,000. Runnymede Capital Advisors Inc. acquired a new stake in shares of NXP Semiconductors during the 4th quarter valued at approximately $32,000. Finally, FSA Wealth Management LLC acquired a new stake in shares of NXP Semiconductors during the 3rd quarter valued at approximately $33,000. 90.54% of the stock is owned by institutional investors and hedge funds.

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.