NXP Semiconductors N.V. (NASDAQ:NXPI) Receives $256.05 Average PT from Brokerages

NXP Semiconductors N.V. (NASDAQ:NXPI) has earned an average recommendation of “Moderate Buy” from the twenty ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $256.05.

NXPI has been the topic of several research reports. Morgan Stanley set a $229.00 target price on NXP Semiconductors in a research report on Monday, April 21st. Wells Fargo & Company raised their price objective on NXP Semiconductors from $250.00 to $260.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. The Goldman Sachs Group started coverage on NXP Semiconductors in a research report on Thursday, July 10th. They issued a “buy” rating and a $276.00 target price on the stock. Susquehanna raised their price target on shares of NXP Semiconductors from $195.00 to $210.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. Finally, Truist Financial upped their price objective on shares of NXP Semiconductors from $230.00 to $252.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd.

Insider Buying and Selling

In other news, CFO William Betz sold 6,785 shares of the stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $227.34, for a total transaction of $1,542,501.90. Following the transaction, the chief financial officer owned 1,520 shares in the company, valued at $345,556.80. This trade represents a 81.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Jennifer Wuamett sold 9,132 shares of NXP Semiconductors stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $230.00, for a total transaction of $2,100,360.00. Following the completion of the sale, the executive vice president directly owned 27,088 shares in the company, valued at $6,230,240. This represents a 25.21% decrease in their position. The disclosure for this sale can be found here. 0.12% of the stock is owned by insiders.

Institutional Trading of NXP Semiconductors

A number of institutional investors and hedge funds have recently modified their holdings of NXPI. Wellington Management Group LLP boosted its holdings in NXP Semiconductors by 11.7% in the 1st quarter. Wellington Management Group LLP now owns 12,731,044 shares of the semiconductor provider’s stock worth $2,419,662,000 after buying an additional 1,330,474 shares during the last quarter. Nuveen LLC purchased a new stake in shares of NXP Semiconductors during the first quarter worth approximately $219,878,000. Price T Rowe Associates Inc. MD raised its stake in NXP Semiconductors by 33.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,342,675 shares of the semiconductor provider’s stock valued at $635,310,000 after purchasing an additional 839,113 shares during the last quarter. Voloridge Investment Management LLC raised its stake in NXP Semiconductors by 131.4% in the 4th quarter. Voloridge Investment Management LLC now owns 1,025,517 shares of the semiconductor provider’s stock valued at $213,154,000 after purchasing an additional 582,317 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in NXP Semiconductors by 26,732.0% in the 1st quarter. GAMMA Investing LLC now owns 583,864 shares of the semiconductor provider’s stock valued at $110,969,000 after purchasing an additional 581,688 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Price Performance

Shares of NASDAQ NXPI opened at $220.94 on Monday. NXP Semiconductors has a fifty-two week low of $148.09 and a fifty-two week high of $264.54. The company has a market cap of $55.70 billion, a PE ratio of 26.33, a P/E/G ratio of 2.56 and a beta of 1.40. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.20 and a current ratio of 1.74. The business has a 50-day simple moving average of $216.14 and a two-hundred day simple moving average of $206.86.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Monday, July 21st. The semiconductor provider reported $2.72 EPS for the quarter, topping analysts’ consensus estimates of $2.66 by $0.06. NXP Semiconductors had a net margin of 17.72% and a return on equity of 27.99%. The company had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.90 billion. NXP Semiconductors’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same period last year, the business earned $3.20 EPS. As a group, equities analysts expect that NXP Semiconductors will post 10.28 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th were issued a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.84%. The ex-dividend date was Wednesday, June 25th. NXP Semiconductors’s payout ratio is currently 48.39%.

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.