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

NXP Semiconductors (NASDAQ:NXPI) had its target price increased by stock analysts at Truist Financial from $254.00 to $265.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the semiconductor provider’s stock. Truist Financial’s target price would suggest a potential upside of 19.33% from the company’s current price.

Several other research analysts have also recently issued reports on NXPI. Evercore ISI lifted their target price on NXP Semiconductors from $289.00 to $292.00 in a research report on Wednesday, October 29th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $280.00 price objective on shares of NXP Semiconductors in a report on Tuesday, October 28th. Sanford C. Bernstein set a $220.00 target price on shares of NXP Semiconductors and gave the stock a “market perform” rating in a research note on Wednesday, October 29th. Stifel Nicolaus set a $215.00 target price on shares of NXP Semiconductors in a report on Tuesday, October 28th. Finally, Arete boosted their price target on shares of NXP Semiconductors from $273.90 to $324.40 and gave the stock a “buy” rating in a report on Monday, December 8th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $260.62.

NXP Semiconductors Trading Down 0.5%

NXPI opened at $222.08 on Friday. NXP Semiconductors has a fifty-two week low of $148.09 and a fifty-two week high of $255.45. The firm has a market capitalization of $55.89 billion, a PE ratio of 27.49, a P/E/G ratio of 3.32 and a beta of 1.46. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.37 and a quick ratio of 1.69. The company’s 50-day moving average is $210.96 and its 200 day moving average is $218.36.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Tuesday, October 28th. The semiconductor provider reported $3.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.12 by ($0.01). The company had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.15 billion. NXP Semiconductors had a net margin of 17.11% and a return on equity of 26.92%. NXP Semiconductors’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter last year, the firm posted $3.45 EPS. As a group, research analysts predict that NXP Semiconductors will post 10.28 earnings per share for the current fiscal year.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, EVP Christopher L. Jensen sold 2,300 shares of the business’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $228.17, for a total value of $524,791.00. Following the sale, the executive vice president directly owned 9,965 shares in the company, valued at $2,273,714.05. The trade was a 18.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Jennifer Wuamett sold 8,372 shares of the company’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $207.01, for a total value of $1,733,087.72. Following the transaction, the executive vice president directly owned 19,175 shares in the company, valued at $3,969,416.75. This represents a 30.39% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.12% of the stock is owned by company insiders.

Institutional Investors Weigh In On NXP Semiconductors

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Brighton Jones LLC increased its stake in shares of NXP Semiconductors by 20.6% in the fourth quarter. Brighton Jones LLC now owns 1,276 shares of the semiconductor provider’s stock worth $265,000 after purchasing an additional 218 shares in the last quarter. Aptus Capital Advisors LLC boosted its holdings in NXP Semiconductors by 38.7% in the 1st quarter. Aptus Capital Advisors LLC now owns 3,799 shares of the semiconductor provider’s stock worth $722,000 after buying an additional 1,060 shares during the period. Groupama Asset Managment grew its stake in NXP Semiconductors by 32.9% in the 1st quarter. Groupama Asset Managment now owns 1,357 shares of the semiconductor provider’s stock valued at $258,000 after buying an additional 336 shares in the last quarter. Capital Analysts LLC raised its holdings in NXP Semiconductors by 21.3% during the 1st quarter. Capital Analysts LLC now owns 2,350 shares of the semiconductor provider’s stock valued at $446,000 after acquiring an additional 412 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its holdings in NXP Semiconductors by 33.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,342,675 shares of the semiconductor provider’s stock valued at $635,310,000 after acquiring an additional 839,113 shares during the period. 90.54% of the stock is currently owned by institutional investors.

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.