NXP Semiconductors (NASDAQ:NXPI) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of NXP Semiconductors (NASDAQ:NXPI) have received a consensus recommendation of “Moderate Buy” from the nineteen research firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $270.85.

NXPI has been the topic of a number of analyst reports. Oppenheimer lowered their price objective on NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. UBS Group dropped their price target on shares of NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. The Goldman Sachs Group raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $260.00 to $257.00 in a report on Friday, January 10th. Mizuho set a $290.00 target price on shares of NXP Semiconductors in a report on Friday, October 18th. Finally, TD Cowen decreased their price target on shares of NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating for the company in a report on Friday, November 8th.

Institutional Trading of NXP Semiconductors

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Algert Global LLC bought a new stake in shares of NXP Semiconductors in the 2nd quarter valued at approximately $331,000. Clearbridge Investments LLC grew its position in NXP Semiconductors by 24.5% in the second quarter. Clearbridge Investments LLC now owns 27,357 shares of the semiconductor provider’s stock valued at $7,361,000 after acquiring an additional 5,386 shares during the period. Centaurus Financial Inc. acquired a new position in NXP Semiconductors during the second quarter worth $158,000. Czech National Bank raised its stake in NXP Semiconductors by 6.6% during the third quarter. Czech National Bank now owns 51,891 shares of the semiconductor provider’s stock worth $12,454,000 after acquiring an additional 3,198 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of NXP Semiconductors by 16.6% during the third quarter. GAMMA Investing LLC now owns 2,235 shares of the semiconductor provider’s stock valued at $536,000 after acquiring an additional 318 shares during the period. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Performance

NXPI stock opened at $208.55 on Monday. The firm has a 50 day moving average of $215.79 and a two-hundred day moving average of $231.67. NXP Semiconductors has a 12 month low of $202.25 and a 12 month high of $296.08. The company has a market capitalization of $53.01 billion, a price-to-earnings ratio of 19.90, a P/E/G ratio of 3.21 and a beta of 1.47. The company has a quick ratio of 1.60, a current ratio of 2.35 and a debt-to-equity ratio of 0.99.

NXP Semiconductors (NASDAQ:NXPI) last posted its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, topping the consensus estimate of $3.43 by $0.02. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The firm had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.25 billion. During the same period in the prior year, the business posted $3.31 earnings per share. The business’s quarterly revenue was down 5.4% on a year-over-year basis. As a group, equities analysts anticipate that NXP Semiconductors will post 11.33 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th were issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend was Thursday, December 5th. NXP Semiconductors’s payout ratio is 38.74%.

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.