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

NXP Semiconductors (NASDAQ:NXPI) had its price objective increased by equities research analysts at Arete from $273.90 to $324.40 in a report issued on Monday,MarketScreener reports. The firm currently has a “buy” rating on the semiconductor provider’s stock. Arete’s price target suggests a potential upside of 41.21% from the stock’s current price.

Several other research firms have also commented on NXPI. Stifel Nicolaus set a $215.00 target price on shares of NXP Semiconductors in a research note on Tuesday, October 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NXP Semiconductors in a research note on Wednesday, October 8th. Cantor Fitzgerald reiterated an “overweight” rating and set a $280.00 price target on shares of NXP Semiconductors in a report on Tuesday, October 28th. Sanford C. Bernstein set a $220.00 price objective on NXP Semiconductors and gave the stock a “market perform” rating in a research report on Wednesday, October 29th. Finally, Evercore ISI boosted their price target on shares of NXP Semiconductors from $289.00 to $292.00 in a research note on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $260.04.

NXP Semiconductors Trading Up 0.7%

Shares of NXP Semiconductors stock traded up $1.69 on Monday, reaching $229.74. The company had a trading volume of 104,684 shares, compared to its average volume of 2,866,459. The firm has a market cap of $57.82 billion, a price-to-earnings ratio of 28.27, a P/E/G ratio of 3.40 and a beta of 1.46. NXP Semiconductors has a 1 year low of $148.09 and a 1 year high of $255.45. The firm’s 50-day moving average price is $210.60 and its two-hundred day moving average price is $217.04. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.37 and a quick ratio of 1.69.

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

Insiders Place Their Bets

In other NXP Semiconductors news, EVP Christopher L. Jensen sold 2,300 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $228.17, for a total value of $524,791.00. Following the transaction, the executive vice president directly owned 9,965 shares of the company’s stock, valued at $2,273,714.05. This trade represents a 18.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Andrew Micallef sold 1,000 shares of the business’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $216.21, for a total transaction of $216,210.00. Following the transaction, the executive vice president directly owned 6,828 shares in the company, valued at approximately $1,476,281.88. The trade was a 12.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 11,672 shares of company stock valued at $2,474,089. Insiders own 0.12% of the company’s stock.

Institutional Trading of NXP Semiconductors

Several large investors have recently added to or reduced their stakes in the business. Brighton Jones LLC increased its position 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 acquiring an additional 218 shares in the last quarter. National Bank of Canada FI lifted its position in shares of NXP Semiconductors by 22.1% during the 1st quarter. National Bank of Canada FI now owns 58,845 shares of the semiconductor provider’s stock worth $11,191,000 after buying an additional 10,652 shares during the period. Zions Bancorporation National Association UT acquired a new position in NXP Semiconductors in the first quarter worth $54,000. Townsquare Capital LLC raised its position in shares of NXP Semiconductors by 2.4% during the first quarter. Townsquare Capital LLC now owns 3,142 shares of the semiconductor provider’s stock worth $597,000 after acquiring an additional 74 shares during the last quarter. Finally, National Pension Service grew its stake in shares of NXP Semiconductors by 7.8% during the first quarter. National Pension Service now owns 764,761 shares of the semiconductor provider’s stock worth $145,350,000 after purchasing an additional 55,105 shares during the period. 90.54% of the stock is currently 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.