NXP Semiconductors (NASDAQ:NXPI) Receives $236.38 Consensus PT from Brokerages

NXP Semiconductors (NASDAQ:NXPIGet Rating) has received an average recommendation of “Buy” from the twenty-three analysts that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, twelve have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $238.09.

Several analysts have recently weighed in on the stock. Bank of America lifted their price objective on shares of NXP Semiconductors from $255.00 to $270.00 and gave the company a “buy” rating in a research note on Monday, January 10th. Truist Financial decreased their price target on shares of NXP Semiconductors from $265.00 to $211.00 and set a “buy” rating for the company in a research note on Friday, April 8th. StockNews.com assumed coverage on shares of NXP Semiconductors in a research note on Thursday, March 31st. They set a “buy” rating for the company. Barclays boosted their price target on shares of NXP Semiconductors from $230.00 to $250.00 and gave the company an “overweight” rating in a research note on Wednesday, January 12th. Finally, Morgan Stanley boosted their price target on shares of NXP Semiconductors from $256.00 to $262.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 2nd.

Shares of NASDAQ NXPI opened at $170.00 on Friday. The company has a market capitalization of $44.63 billion, a P/E ratio of 24.93, a price-to-earnings-growth ratio of 0.67 and a beta of 1.39. NXP Semiconductors has a 52-week low of $164.75 and a 52-week high of $239.91. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.65 and a current ratio of 2.13. The company’s 50 day moving average price is $184.40 and its 200-day moving average price is $202.70.

NXP Semiconductors (NASDAQ:NXPIGet Rating) last issued its quarterly earnings results on Monday, January 31st. The semiconductor provider reported $2.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.67 by $0.12. The firm had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $3 billion. NXP Semiconductors had a net margin of 16.91% and a return on equity of 34.33%. During the same quarter in the previous year, the company earned $2.43 EPS. Analysts forecast that NXP Semiconductors will post 11.53 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 6th. Stockholders of record on Tuesday, March 15th were issued a $0.845 dividend. This represents a $3.38 dividend on an annualized basis and a dividend yield of 1.99%. This is an increase from NXP Semiconductors’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend was Monday, March 14th. NXP Semiconductors’s dividend payout ratio is presently 49.56%.

A number of institutional investors and hedge funds have recently made changes to their positions in NXPI. Marco Investment Management LLC raised its stake in shares of NXP Semiconductors by 7.3% during the third quarter. Marco Investment Management LLC now owns 58,665 shares of the semiconductor provider’s stock worth $11,491,000 after acquiring an additional 4,010 shares in the last quarter. CCLA Investment Management Ltd purchased a new position in shares of NXP Semiconductors in the third quarter worth $84,723,000. Telos Capital Management Inc. increased its stake in shares of NXP Semiconductors by 14.0% in the fourth quarter. Telos Capital Management Inc. now owns 16,450 shares of the semiconductor provider’s stock worth $3,747,000 after buying an additional 2,025 shares during the period. Yousif Capital Management LLC purchased a new position in shares of NXP Semiconductors in the fourth quarter worth $8,895,000. Finally, Russell Investments Group Ltd. increased its stake in shares of NXP Semiconductors by 3.4% in the third quarter. Russell Investments Group Ltd. now owns 53,700 shares of the semiconductor provider’s stock worth $10,524,000 after buying an additional 1,767 shares during the period. 90.01% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Company Profile (Get Rating)

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.

Further Reading

Analyst Recommendations for NXP Semiconductors (NASDAQ:NXPI)

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