NXP Semiconductors N.V. (NASDAQ:NXPI) Given Consensus Rating of “Moderate Buy” by Brokerages

NXP Semiconductors N.V. (NASDAQ:NXPI) has received an average rating of “Moderate Buy” from the twenty-one analysts that are presently covering the company, Marketbeat reports. Five analysts have rated the stock with a hold recommendation, fifteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $266.1474.

Several research firms have recently issued reports on NXPI. Wells Fargo & Company boosted their target price on NXP Semiconductors from $260.00 to $265.00 and gave the stock an “overweight” rating in a research report on Thursday. Stifel Nicolaus set a $215.00 target price on shares of NXP Semiconductors in a research note on Tuesday, October 28th. Arete Research increased their target price on shares of NXP Semiconductors from $273.90 to $324.40 and gave the stock a “buy” rating in a report on Monday, December 8th. Sanford C. Bernstein set a $220.00 price target on shares of NXP Semiconductors and gave the company a “market perform” rating in a report on Wednesday, October 29th. Finally, Arete raised their price objective on NXP Semiconductors from $273.90 to $324.40 and gave the stock a “buy” rating in a research note on Monday, December 8th.

Insider Activity at NXP Semiconductors

In related news, EVP Christopher L. Jensen sold 2,300 shares of the stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $228.17, for a total transaction of $524,791.00. Following the completion of the sale, the executive vice president directly owned 9,965 shares of the company’s stock, valued at approximately $2,273,714.05. This represents a 18.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Julie Southern purchased 225 shares of the business’s stock in a transaction on Wednesday, December 3rd. The stock was bought at an average cost of $225.48 per share, for a total transaction of $50,733.00. Following the purchase, the insider owned 11,937 shares of the company’s stock, valued at approximately $2,691,554.76. This represents a 1.92% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders sold 23,097 shares of company stock worth $5,003,058. 0.12% of the stock is owned by company insiders.

Hedge Funds Weigh In On NXP Semiconductors

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of NXP Semiconductors in the second quarter valued at about $453,050,000. Wellington Management Group LLP raised its position in NXP Semiconductors by 11.9% in the 3rd quarter. Wellington Management Group LLP now owns 12,583,718 shares of the semiconductor provider’s stock valued at $2,865,690,000 after buying an additional 1,333,920 shares during the last quarter. SG Americas Securities LLC raised its position in NXP Semiconductors by 307.7% in the 3rd quarter. SG Americas Securities LLC now owns 1,179,129 shares of the semiconductor provider’s stock valued at $268,523,000 after buying an additional 889,883 shares during the last quarter. Boston Partners lifted its stake in NXP Semiconductors by 73.6% in the 2nd quarter. Boston Partners now owns 2,086,769 shares of the semiconductor provider’s stock valued at $454,862,000 after acquiring an additional 884,403 shares in the last quarter. Finally, Rafferty Asset Management LLC boosted its position in NXP Semiconductors by 56.3% during the 2nd quarter. Rafferty Asset Management LLC now owns 1,916,922 shares of the semiconductor provider’s stock worth $418,828,000 after acquiring an additional 690,277 shares during the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

NXP Semiconductors Price Performance

NXPI opened at $237.11 on Monday. The company has a fifty day moving average price of $218.07 and a two-hundred day moving average price of $220.91. The firm has a market capitalization of $59.67 billion, a PE ratio of 29.35, a P/E/G ratio of 2.98 and a beta of 1.46. NXP Semiconductors has a 52 week low of $148.09 and a 52 week high of $255.45. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.69 and a current ratio of 2.37.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Tuesday, October 28th. The semiconductor provider reported $3.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.12 by ($0.01). The company had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.15 billion. NXP Semiconductors had a return on equity of 26.92% and a net margin of 17.11%.The firm’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.45 earnings per share. As a group, analysts anticipate that NXP Semiconductors will post 10.28 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 7th. Stockholders of record on Wednesday, December 10th were issued a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Wednesday, December 10th. NXP Semiconductors’s payout ratio is 50.25%.

About NXP Semiconductors

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.