Needham & Company LLC Lowers NXP Semiconductors (NXPI) Price Target to $100.00

NXP Semiconductors (NASDAQ:NXPI) had its price objective cut by Needham & Company LLC to $100.00 in a research note published on Friday morning, The Fly reports. They currently have a buy rating on the semiconductor provider’s stock.

A number of other research firms have also weighed in on NXPI. Zacks Investment Research lowered shares of NXP Semiconductors from a buy rating to a hold rating in a research report on Tuesday, August 7th. Bank of America initiated coverage on shares of NXP Semiconductors in a research report on Friday, July 27th. They issued a neutral rating and a $110.00 price objective for the company. Cowen boosted their price objective on shares of NXP Semiconductors from $111.00 to $114.00 and gave the company an outperform rating in a research report on Thursday, September 13th. Barclays raised shares of NXP Semiconductors from an equal weight rating to an overweight rating and dropped their price target for the stock from $105.00 to $95.00 in a research report on Tuesday, October 23rd. Finally, Mizuho raised shares of NXP Semiconductors from a neutral rating to a buy rating in a research report on Friday, July 27th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $108.59.

NASDAQ:NXPI opened at $70.72 on Friday. The company has a quick ratio of 2.26, a current ratio of 2.98 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $24.38 billion, a PE ratio of 9.85, a PEG ratio of 0.59 and a beta of 0.85. NXP Semiconductors has a 1-year low of $69.72 and a 1-year high of $125.93.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 5th. Stockholders of record on Tuesday, September 25th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.41%. The ex-dividend date was Monday, September 24th. NXP Semiconductors’s payout ratio is currently 11.84%.

Several institutional investors have recently added to or reduced their stakes in the company. Mercer Capital Advisers Inc. increased its position in shares of NXP Semiconductors by 2,665.0% in the third quarter. Mercer Capital Advisers Inc. now owns 8,295 shares of the semiconductor provider’s stock worth $709,000 after acquiring an additional 7,995 shares in the last quarter. Palouse Capital Management Inc. acquired a new stake in shares of NXP Semiconductors in the third quarter worth $1,859,000. Mendel Money Management acquired a new stake in shares of NXP Semiconductors in the third quarter worth $2,835,000. Benjamin F. Edwards & Company Inc. increased its position in shares of NXP Semiconductors by 221.1% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 2,408 shares of the semiconductor provider’s stock worth $206,000 after acquiring an additional 1,658 shares in the last quarter. Finally, OLD National Bancorp IN acquired a new stake in shares of NXP Semiconductors in the third quarter worth $1,020,000. 83.37% of the stock is 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; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.

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