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

NXP Semiconductors N.V. (NASDAQ:NXPI) has been assigned a consensus rating of “Moderate Buy” from the twenty-seven ratings firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $295.9167.

Several equities analysts have recently issued reports on the company. Jefferies Financial Group upped their target price on NXP Semiconductors from $265.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Wolfe Research lifted their price objective on shares of NXP Semiconductors from $270.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. BNP Paribas Exane lifted their price objective on shares of NXP Semiconductors from $270.00 to $310.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Bank of America reaffirmed a “neutral” rating and issued a $230.00 price objective (down from $245.00) on shares of NXP Semiconductors in a research report on Monday, April 13th. Finally, Wall Street Zen raised shares of NXP Semiconductors from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, EVP Andrew Hardy sold 5,289 shares of the business’s stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $235.00, for a total transaction of $1,242,915.00. Following the sale, the executive vice president owned 2,020 shares of the company’s stock, valued at $474,700. The trade was a 72.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 1,746 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $316.53, for a total transaction of $552,661.38. Following the completion of the transaction, the executive vice president owned 3,643 shares of the company’s stock, valued at $1,153,118.79. This trade represents a 32.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 12,611 shares of company stock valued at $3,182,068 in the last 90 days. 0.05% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On NXP Semiconductors

A number of large investors have recently modified their holdings of NXPI. JPL Wealth Management LLC bought a new position in NXP Semiconductors during the third quarter valued at approximately $26,000. SHP Wealth Management bought a new position in NXP Semiconductors during the fourth quarter valued at approximately $27,000. Acumen Wealth Advisors LLC bought a new position in NXP Semiconductors during the fourth quarter valued at approximately $28,000. Jessup Wealth Management Inc bought a new position in NXP Semiconductors during the fourth quarter valued at approximately $29,000. Finally, Quattro Advisors LLC bought a new position in NXP Semiconductors during the fourth quarter valued at approximately $30,000. 90.54% of the stock is owned by hedge funds and other institutional investors.

NXP Semiconductors Stock Down 1.5%

Shares of NASDAQ:NXPI opened at $298.20 on Thursday. The business’s 50 day simple moving average is $277.29 and its two-hundred day simple moving average is $240.95. The firm has a market cap of $75.29 billion, a P/E ratio of 28.54, a PEG ratio of 1.09 and a beta of 1.77. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.55 and a current ratio of 2.24. NXP Semiconductors has a 52-week low of $183.00 and a 52-week high of $339.95.

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

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Wednesday, June 24th will be paid a dividend of $1.014 per share. The ex-dividend date is Wednesday, June 24th. This represents a $4.06 annualized dividend and a dividend yield of 1.4%. NXP Semiconductors’s dividend payout ratio is presently 38.85%.

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.