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

NXP Semiconductors N.V. (NASDAQ:NXPI) has received an average recommendation of “Moderate Buy” from the twenty-six research firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and sixteen have issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $305.4348.

NXPI has been the subject of several recent research reports. Bank of America restated a “neutral” rating on shares of NXP Semiconductors in a report on Wednesday, July 29th. Wells Fargo & Company lowered their target price on NXP Semiconductors from $290.00 to $280.00 and set an “equal weight” rating for the company in a report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of NXP Semiconductors in a research report on Wednesday, April 29th. Truist Financial boosted their target price on shares of NXP Semiconductors from $255.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Finally, Loop Capital raised their price target on shares of NXP Semiconductors from $275.00 to $290.00 and gave the company a “buy” rating in a report on Wednesday, April 29th.

NXP Semiconductors Price Performance

NXPI opened at $231.78 on Friday. The company has a market capitalization of $58.45 billion, a price-to-earnings ratio of 19.78, a PEG ratio of 0.79 and a beta of 1.81. The company has a current ratio of 2.04, a quick ratio of 1.36 and a debt-to-equity ratio of 0.88. NXP Semiconductors has a 12-month low of $183.00 and a 12-month high of $339.95. The business’s fifty day simple moving average is $282.80 and its 200-day simple moving average is $252.62.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share for the quarter, beating the consensus estimate of $3.52 by $0.09. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%.The firm had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same period in the previous year, the company posted $2.72 earnings per share. The firm’s quarterly revenue was up 19.5% on a year-over-year basis. On average, equities research analysts anticipate that NXP Semiconductors will post 13.73 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Wednesday, June 24th were paid a dividend of $1.014 per share. The ex-dividend date was Wednesday, June 24th. This represents a $4.06 dividend on an annualized basis and a yield of 1.7%. NXP Semiconductors’s dividend payout ratio is presently 34.64%.

Insider Activity

In other NXP Semiconductors news, 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 directly owned 3,643 shares of the company’s stock, valued at approximately $1,153,118.79. This trade represents a 32.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $315.57, for a total transaction of $315,570.00. Following the completion of the sale, the executive vice president directly owned 8,942 shares in the company, valued at $2,821,826.94. This trade represents a 10.06% 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. Company insiders own 0.05% of the company’s stock.

Institutional Trading of NXP Semiconductors

A number of institutional investors and hedge funds have recently made changes to their positions in the business. JPL Wealth Management LLC acquired a new position in NXP Semiconductors during the third quarter worth $26,000. SHP Wealth Management purchased a new stake in NXP Semiconductors during the 4th quarter worth approximately $27,000. Allied Private Wealth LLC acquired a new position in shares of NXP Semiconductors during the second quarter valued at approximately $28,000. Acumen Wealth Advisors LLC acquired a new stake in shares of NXP Semiconductors in the fourth quarter worth approximately $28,000. Finally, Jessup Wealth Management Inc acquired a new position in NXP Semiconductors in the 4th quarter valued at $29,000. 90.54% of the stock is currently owned by hedge funds and other 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.