NXP Semiconductors (NASDAQ:NXPI) Receives Average Recommendation of “Moderate Buy” from Brokerages

NXP Semiconductors (NASDAQ:NXPI) has been assigned a consensus recommendation of “Moderate Buy” from the twenty brokerages that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and twelve have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $257.72.

NXPI has been the subject of a number of research reports. Needham & Company LLC lifted their target price on NXP Semiconductors from $250.00 to $280.00 and gave the company a “buy” rating in a research note on Wednesday. Susquehanna lifted their target price on NXP Semiconductors from $200.00 to $225.00 and gave the company a “neutral” rating in a research note on Wednesday, February 7th. TD Cowen lifted their target price on NXP Semiconductors from $270.00 to $300.00 and gave the company an “outperform” rating in a research note on Tuesday, March 12th. JPMorgan Chase & Co. lifted their target price on NXP Semiconductors from $240.00 to $280.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Argus lifted their price target on NXP Semiconductors from $260.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Future Financial Wealth Managment LLC bought a new position in shares of NXP Semiconductors in the first quarter valued at $25,000. FinTrust Capital Advisors LLC grew its position in NXP Semiconductors by 75.4% during the 4th quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock worth $26,000 after purchasing an additional 49 shares in the last quarter. LifeSteps Financial Inc. acquired a new stake in NXP Semiconductors during the 1st quarter valued at $30,000. Operose Advisors LLC acquired a new stake in NXP Semiconductors during the 3rd quarter valued at $26,000. Finally, Valley National Advisers Inc. raised its stake in NXP Semiconductors by 98.6% during the 4th quarter. Valley National Advisers Inc. now owns 137 shares of the semiconductor provider’s stock valued at $31,000 after purchasing an additional 68 shares during the period. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Up 1.4 %

NASDAQ:NXPI opened at $257.85 on Friday. The company has a market capitalization of $65.93 billion, a price-to-earnings ratio of 23.81, a price-to-earnings-growth ratio of 0.95 and a beta of 1.54. NXP Semiconductors has a one year low of $161.23 and a one year high of $264.26. The stock has a 50-day simple moving average of $242.58 and a 200 day simple moving average of $221.15. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.39 and a current ratio of 2.35.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Monday, February 5th. The semiconductor provider reported $3.37 EPS for the quarter, topping analysts’ consensus estimates of $3.33 by $0.04. NXP Semiconductors had a return on equity of 37.65% and a net margin of 21.24%. The business had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.40 billion. Sell-side analysts predict that NXP Semiconductors will post 12.21 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Thursday, March 21st were issued a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $4.06 annualized dividend and a dividend yield of 1.57%. NXP Semiconductors’s dividend payout ratio is currently 37.40%.

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.