NXP Semiconductors (NASDAQ:NXPI) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of NXP Semiconductors (NASDAQ:NXPIGet Rating) have received an average rating of “Moderate Buy” from the twenty-two research firms that are covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $213.14.

A number of research firms have recently commented on NXPI. Morgan Stanley reduced their target price on shares of NXP Semiconductors from $194.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Friday, June 10th. UBS Group decreased their price objective on shares of NXP Semiconductors from $170.00 to $160.00 in a research report on Wednesday, May 4th. Bank of America lowered their target price on NXP Semiconductors from $220.00 to $190.00 and set a “buy” rating for the company in a research note on Wednesday, June 29th. Barclays cut their price target on NXP Semiconductors from $220.00 to $200.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 21st. Finally, Piper Sandler lowered their price objective on NXP Semiconductors from $210.00 to $175.00 in a research note on Tuesday, May 3rd.

NXP Semiconductors Trading Down 2.7 %

NASDAQ:NXPI opened at $175.14 on Friday. NXP Semiconductors has a 12 month low of $140.33 and a 12 month high of $239.91. The business’s 50-day moving average is $168.52 and its two-hundred day moving average is $181.63. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.85 and a quick ratio of 1.39. The firm has a market capitalization of $45.99 billion, a PE ratio of 21.76, a price-to-earnings-growth ratio of 0.66 and a beta of 1.41.

NXP Semiconductors (NASDAQ:NXPIGet Rating) last announced its earnings results on Monday, May 2nd. The semiconductor provider reported $3.11 EPS for the quarter, beating the consensus estimate of $2.85 by $0.26. The business had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.10 billion. NXP Semiconductors had a return on equity of 40.21% and a net margin of 18.70%. Research analysts predict that NXP Semiconductors will post 12.35 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 6th. Stockholders of record on Wednesday, June 15th were issued a $0.845 dividend. This represents a $3.38 annualized dividend and a dividend yield of 1.93%. The ex-dividend date was Tuesday, June 14th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 41.99%.

Institutional Investors Weigh In On NXP Semiconductors

Institutional investors and hedge funds have recently bought and sold shares of the business. 44 Wealth Management LLC raised its position in shares of NXP Semiconductors by 34.6% during the 2nd quarter. 44 Wealth Management LLC now owns 2,068 shares of the semiconductor provider’s stock worth $306,000 after purchasing an additional 532 shares during the period. First Hawaiian Bank increased its position in NXP Semiconductors by 4.4% in the second quarter. First Hawaiian Bank now owns 5,602 shares of the semiconductor provider’s stock worth $829,000 after buying an additional 237 shares during the period. Thompson Siegel & Walmsley LLC lifted its stake in NXP Semiconductors by 0.6% in the second quarter. Thompson Siegel & Walmsley LLC now owns 587,043 shares of the semiconductor provider’s stock valued at $86,900,000 after buying an additional 3,751 shares during the last quarter. First Bank & Trust boosted its holdings in shares of NXP Semiconductors by 8.6% during the second quarter. First Bank & Trust now owns 6,545 shares of the semiconductor provider’s stock valued at $969,000 after acquiring an additional 520 shares during the period. Finally, Central Bank & Trust Co. acquired a new position in shares of NXP Semiconductors during the second quarter valued at $334,000. Institutional investors and hedge funds own 89.03% of the company’s stock.

About NXP Semiconductors

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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.

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Analyst Recommendations for NXP Semiconductors (NASDAQ:NXPI)

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