NXP Semiconductors (NASDAQ:NXPI) Given Average Rating of “Moderate Buy” by Brokerages

NXP Semiconductors (NASDAQ:NXPI) has been given an average recommendation of “Moderate Buy” by the seventeen ratings firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and eleven have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $239.58.

A number of equities research analysts have recently issued reports on the stock. Barclays upgraded shares of NXP Semiconductors from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $200.00 to $260.00 in a research report on Tuesday, January 16th. Truist Financial lifted their price objective on NXP Semiconductors from $264.00 to $265.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Mizuho upped their target price on NXP Semiconductors from $220.00 to $225.00 and gave the company a “neutral” rating in a report on Wednesday, February 7th. Cantor Fitzgerald lifted their price target on NXP Semiconductors from $270.00 to $290.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. Finally, Stifel Nicolaus increased their price objective on shares of NXP Semiconductors from $190.00 to $210.00 and gave the company a “hold” rating in a research note on Tuesday, January 2nd.

NXP Semiconductors Trading Down 1.5 %

NASDAQ:NXPI opened at $230.11 on Tuesday. NXP Semiconductors has a 1 year low of $155.31 and a 1 year high of $264.26. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.39 and a current ratio of 1.91. The stock has a fifty day moving average price of $241.66 and a two-hundred day moving average price of $218.13. The stock has a market capitalization of $59.01 billion, a price-to-earnings ratio of 21.49, a PEG ratio of 0.88 and a beta of 1.59.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share for the quarter, topping analysts’ consensus estimates of $3.33 by $0.04. NXP Semiconductors had a net margin of 21.07% and a return on equity of 38.94%. The business had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.40 billion. As a group, sell-side analysts anticipate that NXP Semiconductors will post 12.28 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Thursday, March 21st were issued a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend was Wednesday, March 20th. NXP Semiconductors’s dividend payout ratio (DPR) is 37.91%.

Hedge Funds Weigh In On NXP Semiconductors

Several large investors have recently added to or reduced their stakes in the business. Lincoln National Corp increased its stake in shares of NXP Semiconductors by 1.9% during the 4th quarter. Lincoln National Corp now owns 2,473 shares of the semiconductor provider’s stock valued at $568,000 after acquiring an additional 46 shares during the last quarter. RFG Advisory LLC boosted its holdings in shares of NXP Semiconductors by 1.6% in the 1st quarter. RFG Advisory LLC now owns 2,987 shares of the semiconductor provider’s stock valued at $740,000 after purchasing an additional 47 shares during the last quarter. IMPACTfolio LLC boosted its holdings in shares of NXP Semiconductors by 4.3% in the 4th quarter. IMPACTfolio LLC now owns 1,189 shares of the semiconductor provider’s stock valued at $273,000 after purchasing an additional 49 shares during the last quarter. FinTrust Capital Advisors LLC grew its stake in shares of NXP Semiconductors by 75.4% during the 4th quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock valued at $26,000 after buying an additional 49 shares during the period. Finally, Northwest Investment Counselors LLC increased its holdings in shares of NXP Semiconductors by 12.1% during the 3rd quarter. Northwest Investment Counselors LLC now owns 462 shares of the semiconductor provider’s stock worth $92,000 after buying an additional 50 shares during the last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

NXP Semiconductors Company Profile

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.