why NXP Semiconductors NV [NXPI] is a Good Choice for Investors After New Price Target of $292.44

NXP Semiconductors NV [NASDAQ: NXPI] surged by $5.68 during the normal trading session on while it closed the day at $230.87.

NXP Semiconductors NV stock has also loss -3.35% of its value over the past 7 days. However, NXPI stock has declined by -16.93% in the 3 months of the year. Over the past six months meanwhile, it has lost -10.33% and gained 0.52% year-on date.

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The market cap for NXPI stock reached $58.81 billion, with 257.19 million shares outstanding and 254.44 million shares in the current float. Compared to the average trading volume of 2.32M shares, NXPI reached a trading volume of 3874112 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about NXP Semiconductors NV [NXPI]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NXPI shares is $292.44 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NXPI stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

TD Cowen have made an estimate for NXP Semiconductors NV shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 24, 2024. While these analysts kept the previous recommendation, Mizuho raised their target price from $265 to $325. The new note on the price target was released on May 24, 2024, representing the official price target for NXP Semiconductors NV stock. Previously, the target price had yet another raise from $255 to $325, while Jefferies kept a Buy rating on NXPI stock.

The Average True Range (ATR) for NXP Semiconductors NV is set at 9.36, with the Price to Sales ratio for NXPI stock in the period of the last 12 months amounting to 4.49. The Price to Book ratio for the last quarter was 6.53, with the Price to Cash per share for the same quarter was set at 12.79. Price to Free Cash Flow for NXPI in the course of the last twelve months was 20.10 with Quick ratio for the last quarter at 1.52.

NXPI stock trade performance evaluation

NXP Semiconductors NV [NXPI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.35. With this latest performance, NXPI shares dropped by -3.87% in over the last four-week period, additionally sinking by -10.33% over the last 6 months – not to mention a rise of 13.45% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NXPI stock in for the last two-week period is set at 41.61, with the RSI for the last a single of trading hit 40.52, and the three-weeks RSI is set at 42.66 for NXP Semiconductors NV [NXPI]. The present Moving Average for the last 50 days of trading for this stock 254.63, while it was recorded at 230.01 for the last single week of trading, and 243.91 for the last 200 days.

NXP Semiconductors NV [NXPI]: An insightful look at the core fundamentals

NXP Semiconductors NV’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.52 and a Current Ratio set at 2.21.

Earnings per share (EPS) analysis for NXP Semiconductors NV [NXPI] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NXPI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for NXP Semiconductors NV go to 9.57%.

NXP Semiconductors NV [NXPI]: Institutional Ownership

There are presently around $95.36%, or 95.47%% of NXPI stock, in the hands of institutional investors. The top three institutional holders of NXPI stocks are: FMR LLC with ownership of 25.54 million shares, which is approximately 9.9554%. JPMORGAN CHASE & CO, holding 18.75 million shares of the stock with an approximate value of $$5.05 billion in NXPI stocks shares; and JPMORGAN CHASE & CO, currently with $$4.95 billion in NXPI stock with ownership which is approximately 7.1763%.