NXP Semiconductors N.V. (NASDAQ:NXPI) Given Average Rating of “Moderate Buy” by Analysts

Shares of NXP Semiconductors N.V. (NASDAQ:NXPI) have been assigned a consensus recommendation of “Moderate Buy” from the twenty-seven research firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, eighteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $294.25.

A number of equities research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of NXP Semiconductors in a report on Wednesday, April 29th. Cantor Fitzgerald raised their price target on shares of NXP Semiconductors from $380.00 to $400.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. BNP Paribas Exane raised their price target on shares of NXP Semiconductors from $270.00 to $310.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Truist Financial raised their price target 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, Wolfe Research raised their price target on shares of NXP Semiconductors from $270.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th.

NXP Semiconductors Price Performance

Shares of NASDAQ NXPI opened at $321.35 on Friday. NXP Semiconductors has a twelve month low of $183.00 and a twelve month high of $339.95. The firm has a fifty day simple moving average of $248.13 and a 200 day simple moving average of $230.47. The company has a market capitalization of $81.13 billion, a PE ratio of 30.75, a P/E/G ratio of 1.16 and a beta of 1.77. The company has a quick ratio of 1.55, a current ratio of 2.24 and a debt-to-equity ratio of 1.00.

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

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Wednesday, March 25th were issued a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Wednesday, March 25th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 38.76%.

Insiders Place Their Bets

In other NXP Semiconductors news, EVP Andrew Hardy sold 5,289 shares of the firm’s stock in a transaction 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 completion of the sale, the executive vice president directly owned 2,020 shares in the company, valued at approximately $474,700. This trade represents a 72.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $194.58, for a total transaction of $194,580.00. Following the completion of the sale, the executive vice president owned 9,942 shares of the company’s stock, valued at $1,934,514.36. The trade was a 9.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 10,865 shares of company stock worth $2,508,416. 0.12% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Glenmede Trust Co. NA grew its holdings in shares of NXP Semiconductors by 8.5% during the first quarter. Glenmede Trust Co. NA now owns 4,581 shares of the semiconductor provider’s stock valued at $902,000 after buying an additional 357 shares during the last quarter. Axiom Investment Management LLC acquired a new position in shares of NXP Semiconductors during the first quarter valued at about $31,000. Segall Bryant & Hamill LLC acquired a new position in shares of NXP Semiconductors during the first quarter valued at about $2,262,000. Groupe la Francaise grew its holdings in shares of NXP Semiconductors by 12.9% during the first quarter. Groupe la Francaise now owns 23,012 shares of the semiconductor provider’s stock valued at $4,527,000 after buying an additional 2,626 shares during the last quarter. Finally, Royal Fund Management LLC acquired a new position in shares of NXP Semiconductors during the first quarter valued at about $1,633,000. 90.54% of the stock is currently owned by institutional investors and hedge funds.

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.