NXP Semiconductors N.V. (NASDAQ:NXPI) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of NXP Semiconductors N.V. (NASDAQ:NXPI) have received a consensus rating of “Moderate Buy” from the twenty-seven ratings firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $294.25.

Several research analysts recently issued reports on NXPI shares. Cantor Fitzgerald lifted their target price on NXP Semiconductors from $380.00 to $400.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. Truist Financial lifted their target price on NXP Semiconductors from $255.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Barclays lifted their target price on NXP Semiconductors from $295.00 to $340.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. KeyCorp lifted their target price on NXP Semiconductors from $300.00 to $345.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Finally, Susquehanna lifted their target price on NXP Semiconductors from $210.00 to $250.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th.

NXP Semiconductors Stock Performance

NXPI opened at $330.28 on Friday. The company has a current ratio of 2.24, a quick ratio of 1.55 and a debt-to-equity ratio of 1.00. The company’s fifty day moving average price is $245.56 and its two-hundred day moving average price is $229.83. NXP Semiconductors has a 1-year low of $183.00 and a 1-year high of $339.95. The company has a market cap of $83.39 billion, a price-to-earnings ratio of 31.61, a PEG ratio of 1.19 and a beta of 1.77.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share for the quarter, topping the consensus estimate of $2.98 by $0.07. NXP Semiconductors had a net margin of 21.03% and a return on equity of 26.75%. The firm had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.14 billion. During the same quarter in the prior year, the company posted $2.64 earnings per share. The business’s revenue was up 12.2% on a year-over-year basis. On average, analysts expect that NXP Semiconductors will post 13.38 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Investors of record on Wednesday, March 25th were given a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, March 25th. This represents a $4.06 annualized dividend and a dividend yield of 1.2%. NXP Semiconductors’s payout ratio is presently 38.85%.

Insider Activity at NXP Semiconductors

In related news, EVP Christopher L. Jensen sold 4,576 shares of NXP Semiconductors stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $234.03, for a total transaction of $1,070,921.28. Following the transaction, the executive vice president owned 5,389 shares of the company’s stock, valued at $1,261,187.67. The trade was a 45.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Hardy sold 5,289 shares of NXP Semiconductors stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $235.00, for a total value of $1,242,915.00. Following the transaction, the executive vice president directly owned 2,020 shares in the company, valued at approximately $474,700. The trade was a 72.36% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 10,865 shares of company stock valued at $2,508,416 over the last 90 days. Insiders own 0.12% of the company’s stock.

Institutional Trading of NXP Semiconductors

A number of hedge funds have recently bought and sold shares of NXPI. MCF Advisors LLC grew its stake in NXP Semiconductors by 25.3% in the fourth quarter. MCF Advisors LLC now owns 213 shares of the semiconductor provider’s stock worth $46,000 after purchasing an additional 43 shares in the last quarter. Aptus Capital Advisors LLC grew its stake in NXP Semiconductors by 1.3% in the fourth quarter. Aptus Capital Advisors LLC now owns 3,464 shares of the semiconductor provider’s stock worth $752,000 after purchasing an additional 43 shares in the last quarter. Gamco Investors INC. ET AL grew its stake in NXP Semiconductors by 2.0% in the first quarter. Gamco Investors INC. ET AL now owns 2,305 shares of the semiconductor provider’s stock worth $454,000 after purchasing an additional 45 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. grew its stake in NXP Semiconductors by 0.6% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,426 shares of the semiconductor provider’s stock worth $1,829,000 after purchasing an additional 50 shares in the last quarter. Finally, IHT Wealth Management LLC grew its stake in NXP Semiconductors by 4.6% in the second quarter. IHT Wealth Management LLC now owns 1,193 shares of the semiconductor provider’s stock worth $261,000 after purchasing an additional 52 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors.

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.