NXP Semiconductors (NASDAQ:NXPI) Price Target Raised to $137.00 at Jefferies Financial Group

NXP Semiconductors (NASDAQ:NXPI) had its price objective increased by Jefferies Financial Group from $118.00 to $137.00 in a research report released on Wednesday morning, The Fly reports. They currently have a buy rating on the semiconductor provider’s stock.

A number of other brokerages have also recently weighed in on NXPI. Zacks Investment Research upgraded shares of NXP Semiconductors from a hold rating to a buy rating and set a $131.00 price objective on the stock in a research note on Tuesday, July 14th. Evercore ISI raised NXP Semiconductors from an in-line rating to an outperform rating and set a $140.00 target price on the stock in a report on Monday, June 8th. Deutsche Bank lifted their target price on NXP Semiconductors from $115.00 to $135.00 and gave the stock a buy rating in a report on Friday, July 17th. Cowen reaffirmed a buy rating and set a $115.00 target price on shares of NXP Semiconductors in a report on Wednesday, April 29th. Finally, Loop Capital lowered their target price on NXP Semiconductors from $145.00 to $125.00 in a report on Wednesday, April 29th. Seven analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of Buy and an average price target of $128.71.

Shares of NASDAQ NXPI opened at $117.53 on Wednesday. NXP Semiconductors has a fifty-two week low of $58.41 and a fifty-two week high of $139.59. The firm’s 50-day simple moving average is $115.44 and its 200 day simple moving average is $109.28. The company has a quick ratio of 1.10, a current ratio of 1.74 and a debt-to-equity ratio of 0.88. The stock has a market cap of $32.79 billion, a P/E ratio of 18.34, a P/E/G ratio of 3.54 and a beta of 1.46.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Monday, June 15th were paid a dividend of $0.375 per share. The ex-dividend date was Friday, June 12th. This represents a $1.50 annualized dividend and a yield of 1.28%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 18.66%.

In other NXP Semiconductors news, Director Kenneth A. Goldman sold 1,000 shares of NXP Semiconductors stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $94.33, for a total transaction of $94,330.00. Following the transaction, the director now owns 21,840 shares of the company’s stock, valued at approximately $2,060,167.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.56% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Baldwin Investment Management LLC lifted its holdings in shares of NXP Semiconductors by 1.9% during the 2nd quarter. Baldwin Investment Management LLC now owns 4,665 shares of the semiconductor provider’s stock valued at $532,000 after buying an additional 86 shares during the last quarter. Anderson Hoagland & Co. lifted its holdings in shares of NXP Semiconductors by 0.8% during the 2nd quarter. Anderson Hoagland & Co. now owns 11,885 shares of the semiconductor provider’s stock valued at $1,355,000 after buying an additional 100 shares during the last quarter. San Francisco Sentry Investment Group CA lifted its holdings in shares of NXP Semiconductors by 33.2% during the 2nd quarter. San Francisco Sentry Investment Group CA now owns 401 shares of the semiconductor provider’s stock valued at $46,000 after buying an additional 100 shares during the last quarter. Asahi Life Asset Management CO. LTD. lifted its holdings in shares of NXP Semiconductors by 3.7% during the 1st quarter. Asahi Life Asset Management CO. LTD. now owns 3,243 shares of the semiconductor provider’s stock valued at $269,000 after buying an additional 115 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its holdings in shares of NXP Semiconductors by 0.5% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 26,666 shares of the semiconductor provider’s stock valued at $2,211,000 after buying an additional 130 shares during the last quarter. 88.34% of the stock is currently owned by institutional investors.

About NXP Semiconductors

NXP Semiconductors N.V., a semiconductor company, provides high performance mixed signal solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. The company offers products for audio and visual head-end unit applications, such as single-chip radio solutions, multi-standard radios, audio amplifiers and power analog products, and i.MX applications processors; in-vehicle networking products; two-way secure entry products; various sensors and microcontrollers; power management solutions; battery cell controllers; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.

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