NXP Semiconductors (NASDAQ:NXPI) Sets New 52-Week High – Time to Buy?

NXP Semiconductors N.V. (NASDAQ:NXPI) shares hit a new 52-week high on Tuesday . The company traded as high as $326.10 and last traded at $326.09, with a volume of 336610 shares. The stock had previously closed at $316.47.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on NXPI. Sanford C. Bernstein lifted their price target on NXP Semiconductors from $240.00 to $270.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 29th. Morgan Stanley lifted their price target on NXP Semiconductors from $299.00 to $335.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. The Goldman Sachs Group reissued a “buy” rating on shares of NXP Semiconductors in a research note on Wednesday, April 29th. Raymond James Financial lifted their price target on NXP Semiconductors from $250.00 to $300.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Finally, Mizuho lifted their price target on NXP Semiconductors from $188.00 to $200.00 and gave the stock an “underperform” rating in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and an average price target of $294.25.

NXP Semiconductors Trading Up 4.5%

The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.55 and a current ratio of 2.24. The company has a 50 day simple moving average of $237.25 and a two-hundred day simple moving average of $227.22. The company has a market cap of $83.49 billion, a PE ratio of 31.64, a PEG ratio of 1.14 and a beta of 1.77.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share for the quarter, beating 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 company had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $3.14 billion. During the same quarter in the previous year, the business posted $2.64 EPS. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. Sell-side analysts forecast that NXP Semiconductors N.V. will post 13.38 EPS for the current year.

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 9th. Investors of record on Wednesday, March 25th were paid a $1.014 dividend. 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%.

Insiders Place Their Bets

In other NXP Semiconductors news, EVP Andrew Hardy sold 5,289 shares of the company’s stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $235.00, for a total transaction of $1,242,915.00. Following the completion of the sale, the executive vice president owned 2,020 shares of the company’s stock, valued at $474,700. This represents a 72.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 that occurred on Monday, March 16th. The stock was sold at an average price of $194.58, for a total value of $194,580.00. Following the sale, the executive vice president directly owned 9,942 shares of the company’s stock, valued at $1,934,514.36. The trade was a 9.14% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 10,865 shares of company stock valued at $2,508,416 over the last 90 days. 0.12% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On NXP Semiconductors

A number of large investors have recently added to or reduced their stakes in the stock. Axiom Investment Management LLC bought a new stake in shares of NXP Semiconductors in the first quarter valued at approximately $31,000. Segall Bryant & Hamill LLC bought a new stake in shares of NXP Semiconductors in the first quarter valued at approximately $2,262,000. Groupe la Francaise boosted its position in shares of NXP Semiconductors by 12.9% in the first quarter. Groupe la Francaise now owns 23,012 shares of the semiconductor provider’s stock valued at $4,527,000 after acquiring an additional 2,626 shares during the period. Royal Fund Management LLC bought a new stake in shares of NXP Semiconductors in the first quarter valued at approximately $1,633,000. Finally, Janus Henderson Group PLC raised its stake in shares of NXP Semiconductors by 19.6% in the first quarter. Janus Henderson Group PLC now owns 3,069,879 shares of the semiconductor provider’s stock valued at $604,336,000 after purchasing an additional 503,884 shares in the last quarter. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Company Profile

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.