NXP Semiconductors (NASDAQ:NXPI) Stock Price Expected to Rise, Mizuho Analyst Says

NXP Semiconductors (NASDAQ:NXPI) had its target price boosted by investment analysts at Mizuho from $240.00 to $255.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the semiconductor provider’s stock. Mizuho’s target price would indicate a potential upside of 3.84% from the stock’s previous close.

Several other equities analysts have also issued reports on the stock. Oppenheimer dropped their target price on shares of NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Wells Fargo & Company began coverage on shares of NXP Semiconductors in a research note on Friday, November 22nd. They issued an “overweight” rating and a $250.00 price target for the company. Needham & Company LLC decreased their price target on shares of NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. UBS Group decreased their price target on shares of NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Finally, Loop Capital began coverage on shares of NXP Semiconductors in a research note on Monday, November 11th. They issued a “buy” rating and a $300.00 price target for the company. Four investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and an average price target of $267.00.

NXP Semiconductors Price Performance

NXPI stock opened at $245.58 on Thursday. The firm has a market cap of $62.42 billion, a price-to-earnings ratio of 25.24, a PEG ratio of 2.80 and a beta of 1.46. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. NXP Semiconductors has a 12-month low of $198.21 and a 12-month high of $296.08. The company’s fifty day simple moving average is $213.90 and its 200 day simple moving average is $227.86.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. ORG Wealth Partners LLC boosted its stake in NXP Semiconductors by 915.4% in the fourth quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock valued at $27,000 after acquiring an additional 119 shares during the last quarter. FSA Wealth Management LLC purchased a new position in NXP Semiconductors in the third quarter valued at about $33,000. Sound Income Strategies LLC boosted its stake in NXP Semiconductors by 169.2% in 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. Runnymede Capital Advisors Inc. purchased a new position in NXP Semiconductors in the fourth quarter valued at about $32,000. Finally, Smithfield Trust Co purchased a new position in NXP Semiconductors in the fourth quarter valued at about $32,000. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

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.