NXP Semiconductors (NASDAQ:NXPI) Receives $261.50 Average Price Target from Analysts

Shares of NXP Semiconductors (NASDAQ:NXPI) have been assigned a consensus recommendation of “Moderate Buy” from the twenty analysts that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $261.50.

Several brokerages recently commented on NXPI. Mizuho upped their price target on shares of NXP Semiconductors from $240.00 to $255.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Needham & Company LLC lowered their price objective on shares of NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating for the company in a research report on Wednesday, February 5th. Morgan Stanley raised shares of NXP Semiconductors from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $231.00 to $257.00 in a research report on Wednesday, February 12th. Stifel Nicolaus decreased their price target on shares of NXP Semiconductors from $210.00 to $170.00 and set a “hold” rating for the company in a research note on Thursday, April 17th. Finally, Susquehanna dropped their price objective on NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th.

NXP Semiconductors Trading Up 0.4 %

NXPI stock opened at $171.50 on Friday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36. NXP Semiconductors has a fifty-two week low of $148.09 and a fifty-two week high of $296.08. The firm has a fifty day moving average price of $200.17 and a 200 day moving average price of $214.26. The firm has a market cap of $43.50 billion, a PE ratio of 17.63, a price-to-earnings-growth ratio of 3.01 and a beta of 1.40.

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th were paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date was Wednesday, March 19th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 41.62%.

Insider Buying and Selling at NXP Semiconductors

In related news, COO Andrew Micallef sold 1,000 shares of the company’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $204.86, for a total value of $204,860.00. Following the transaction, the chief operating officer now directly owns 8,828 shares of the company’s stock, valued at $1,808,504.08. This represents a 10.18 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.11% of the stock is currently owned by company insiders.

Institutional Trading of NXP Semiconductors

Several large investors have recently added to or reduced their stakes in NXPI. ORG Wealth Partners LLC boosted its position in NXP Semiconductors by 915.4% in the fourth quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock valued at $27,000 after buying an additional 119 shares during the last quarter. Sound Income Strategies LLC lifted its stake in NXP Semiconductors by 169.2% during the 4th quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock valued at $29,000 after acquiring an additional 88 shares during the period. Smithfield Trust Co purchased a new stake in shares of NXP Semiconductors in the 4th quarter valued at $32,000. Runnymede Capital Advisors Inc. acquired a new stake in shares of NXP Semiconductors in the fourth quarter worth $32,000. Finally, Brooklyn Investment Group raised its holdings in shares of NXP Semiconductors by 69.5% during the fourth quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock worth $33,000 after purchasing an additional 66 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

About NXP Semiconductors

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.