NXP Semiconductors (NASDAQ:NXPI) PT Raised to $325.00 at Cantor Fitzgerald

NXP Semiconductors (NASDAQ:NXPIFree Report) had its price objective upped by Cantor Fitzgerald from $290.00 to $325.00 in a research report report published on Wednesday morning, Benzinga reports. They currently have an overweight rating on the semiconductor provider’s stock. Cantor Fitzgerald also issued estimates for NXP Semiconductors’ FY2024 earnings at $12.82 EPS.

A number of other research firms have also issued reports on NXPI. TD Cowen upped their target price on shares of NXP Semiconductors from $270.00 to $300.00 and gave the stock an outperform rating in a report on Tuesday, March 12th. Wolfe Research raised NXP Semiconductors from a peer perform rating to an outperform rating and set a $255.00 price target for the company in a report on Thursday, January 18th. Needham & Company LLC boosted their price objective on NXP Semiconductors from $250.00 to $280.00 and gave the stock a buy rating in a research note on Wednesday, May 1st. StockNews.com upgraded NXP Semiconductors from a hold rating to a buy rating in a report on Wednesday, May 8th. Finally, Argus lifted their target price on NXP Semiconductors from $260.00 to $300.00 and gave the company a buy rating in a research report on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, NXP Semiconductors currently has an average rating of Moderate Buy and a consensus price target of $263.00.

View Our Latest Stock Analysis on NXPI

NXP Semiconductors Trading Down 0.7 %

NXPI stock opened at $267.72 on Wednesday. NXP Semiconductors has a 12-month low of $163.26 and a 12-month high of $273.37. The business’s 50-day moving average is $245.68 and its 200 day moving average is $227.16. The company has a current ratio of 2.35, a quick ratio of 1.64 and a debt-to-equity ratio of 1.11. The stock has a market cap of $68.45 billion, a price-to-earnings ratio of 24.72, a PEG ratio of 0.98 and a beta of 1.54.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Thursday, March 21st were given a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend was Wednesday, March 20th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 37.49%.

Institutional Investors Weigh In On NXP Semiconductors

Large investors have recently modified their holdings of the stock. Perigon Wealth Management LLC boosted its holdings in shares of NXP Semiconductors by 45.2% in the third quarter. Perigon Wealth Management LLC now owns 1,558 shares of the semiconductor provider’s stock valued at $311,000 after acquiring an additional 485 shares in the last quarter. Allworth Financial LP raised its stake in shares of NXP Semiconductors by 39.5% during the 3rd quarter. Allworth Financial LP now owns 1,297 shares of the semiconductor provider’s stock worth $259,000 after buying an additional 367 shares in the last quarter. Optas LLC acquired a new stake in shares of NXP Semiconductors in the 3rd quarter valued at approximately $201,000. Teacher Retirement System of Texas lifted its holdings in shares of NXP Semiconductors by 27.2% in the 3rd quarter. Teacher Retirement System of Texas now owns 68,229 shares of the semiconductor provider’s stock valued at $13,640,000 after buying an additional 14,580 shares during the period. Finally, New Mexico Educational Retirement Board boosted its stake in shares of NXP Semiconductors by 7.1% in the third quarter. New Mexico Educational Retirement Board now owns 13,500 shares of the semiconductor provider’s stock valued at $2,699,000 after buying an additional 900 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Company Profile

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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.

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