NXP Semiconductors (NASDAQ:NXPI) Price Target Cut to $240.00 by Analysts at JPMorgan Chase & Co.

NXP Semiconductors (NASDAQ:NXPI) had its target price trimmed by JPMorgan Chase & Co. from $260.00 to $240.00 in a research note released on Wednesday morning,Benzinga reports. The firm currently has a neutral rating on the semiconductor provider’s stock.

NXPI has been the subject of several other reports. Mizuho set a $290.00 target price on NXP Semiconductors in a research report on Friday, October 18th. Morgan Stanley cut their price objective on NXP Semiconductors from $235.00 to $231.00 and set an “equal weight” rating for the company in a report on Wednesday. StockNews.com downgraded shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. TD Cowen cut their price target on shares of NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $250.00 price target on shares of NXP Semiconductors in a report on Tuesday. Six research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $263.15.

NXP Semiconductors Price Performance

NXPI stock opened at $213.24 on Wednesday. The firm has a 50 day moving average of $214.68 and a 200-day moving average of $230.36. The firm has a market capitalization of $54.20 billion, a P/E ratio of 20.35, a price-to-earnings-growth ratio of 3.14 and a beta of 1.46. NXP Semiconductors has a 12 month low of $198.21 and a 12 month high of $296.08. The company has a current ratio of 2.35, a quick ratio of 1.60 and a debt-to-equity ratio of 0.99.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, beating the consensus estimate of $3.43 by $0.02. The firm had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.25 billion. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The business’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same period last year, the firm earned $3.31 EPS. As a group, sell-side analysts predict that NXP Semiconductors will post 11.33 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th were paid a $1.014 dividend. The ex-dividend date was Thursday, December 5th. This represents a $4.06 dividend on an annualized basis and a yield of 1.90%. NXP Semiconductors’s dividend payout ratio (DPR) is currently 41.62%.

Institutional Trading of NXP Semiconductors

Several hedge funds and other institutional investors have recently bought and sold shares of NXPI. ORG Wealth Partners LLC raised its holdings in 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 buying an additional 119 shares during the last quarter. FSA Wealth Management LLC purchased a new position in shares of NXP Semiconductors in the third quarter valued at about $33,000. Sound Income Strategies LLC raised its stake in shares of NXP Semiconductors by 169.2% during the fourth 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 during the last quarter. Brooklyn Investment Group grew its stake in shares of NXP Semiconductors by 69.5% in the fourth quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock worth $33,000 after purchasing an additional 66 shares during the last quarter. Finally, Fortitude Family Office LLC grew its stake in shares of NXP Semiconductors by 52.4% in the fourth quarter. Fortitude Family Office LLC now owns 218 shares of the semiconductor provider’s stock worth $45,000 after purchasing an additional 75 shares during the last quarter. Institutional investors own 90.54% of the company’s stock.

About NXP Semiconductors

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.