NXP Semiconductors (NASDAQ:NXPI) has been assigned a $120.00 price objective by equities research analysts at Piper Jaffray Companies in a research note issued to investors on Friday, TipRanks reports. The firm presently has a “buy” rating on the semiconductor provider’s stock. Piper Jaffray Companies’ price target would indicate a potential upside of 9.26% from the company’s current price. Piper Jaffray Companies also issued estimates for NXP Semiconductors’ Q3 2019 earnings at $1.56 EPS, Q4 2019 earnings at $1.68 EPS, FY2019 earnings at $6.21 EPS, Q1 2020 earnings at $1.45 EPS, Q2 2020 earnings at $1.63 EPS, Q3 2020 earnings at $1.82 EPS, Q4 2020 earnings at $1.83 EPS and FY2020 earnings at $6.75 EPS.
NXPI has been the topic of a number of other research reports. BidaskClub raised shares of NXP Semiconductors from a “sell” rating to a “hold” rating in a report on Thursday, September 12th. Morgan Stanley raised their price objective on shares of NXP Semiconductors from $114.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Stifel Nicolaus dropped their price objective on shares of NXP Semiconductors from $105.00 to $100.00 and set a “hold” rating on the stock in a report on Thursday, August 29th. Raymond James initiated coverage on shares of NXP Semiconductors in a report on Monday, August 19th. They issued an “outperform” rating and a $115.00 price objective on the stock. Finally, Sanford C. Bernstein set a $125.00 price target on shares of NXP Semiconductors and gave the company a “buy” rating in a report on Wednesday, September 18th. Nine research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $108.00.
Shares of NXPI traded up $3.97 on Friday, reaching $109.83. The company’s stock had a trading volume of 421,393 shares, compared to its average volume of 2,795,558. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.82 and a quick ratio of 1.44. The stock has a market capitalization of $34.87 billion, a P/E ratio of 18.50, a PEG ratio of 1.34 and a beta of 1.25. The stock’s 50 day simple moving average is $107.87 and its two-hundred day simple moving average is $100.63. NXP Semiconductors has a 12-month low of $67.62 and a 12-month high of $113.50.
NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Tuesday, July 30th. The semiconductor provider reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.48 by $0.52. The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.20 billion. NXP Semiconductors had a net margin of 23.10% and a return on equity of 22.22%. Analysts expect that NXP Semiconductors will post 6.32 earnings per share for the current year.
In other news, Chairman Peter L. Bonfield sold 10,000 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $98.36, for a total value of $983,600.00. Following the transaction, the chairman now owns 24,404 shares of the company’s stock, valued at $2,400,377.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Keith M. Shull sold 4,196 shares of the business’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $108.14, for a total transaction of $453,755.44. Following the completion of the transaction, the executive vice president now directly owns 9,587 shares in the company, valued at approximately $1,036,738.18. The disclosure for this sale can be found here. Insiders sold 18,765 shares of company stock worth $1,919,522 in the last three months.
Several hedge funds have recently added to or reduced their stakes in NXPI. Fulton Bank N.A. lifted its holdings in shares of NXP Semiconductors by 28.2% in the second quarter. Fulton Bank N.A. now owns 6,222 shares of the semiconductor provider’s stock worth $608,000 after buying an additional 1,367 shares in the last quarter. Verde Servicos Internacionais S.A. bought a new stake in NXP Semiconductors in the second quarter worth $5,085,000. WINTON GROUP Ltd increased its position in NXP Semiconductors by 237.5% in the second quarter. WINTON GROUP Ltd now owns 8,070 shares of the semiconductor provider’s stock worth $788,000 after purchasing an additional 5,679 shares during the last quarter. First American Trust FSB increased its position in NXP Semiconductors by 5.5% in the second quarter. First American Trust FSB now owns 39,931 shares of the semiconductor provider’s stock worth $3,897,000 after purchasing an additional 2,067 shares during the last quarter. Finally, Pinnacle Bank increased its position in NXP Semiconductors by 25.4% in the second quarter. Pinnacle Bank now owns 558 shares of the semiconductor provider’s stock worth $54,000 after purchasing an additional 113 shares during the last quarter. 74.87% of the stock is currently owned by hedge funds and other 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.
Recommended Story: How to Track your Portfolio in Google Finance
Receive News & Ratings for NXP Semiconductors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NXP Semiconductors and related companies with MarketBeat.com's FREE daily email newsletter.