NXP Semiconductors N.V. (NASDAQ:NXPI) Stock Has Consensus Target Price of $305.65 According to Brokerages

Shares of NXP Semiconductors N.V. (NASDAQ:NXPI) have received a consensus recommendation of “Moderate Buy” from the twenty-six analysts that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and sixteen have issued a buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $305.65.

Several equities analysts have issued reports on the stock. Stifel Nicolaus set a $282.00 target price on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Sanford C. Bernstein restated a “market perform” rating and set a $290.00 price objective (up from $270.00) on shares of NXP Semiconductors in a research report on Wednesday, July 29th. Weiss Ratings restated a “hold (c+)” rating on shares of NXP Semiconductors in a report on Friday, July 31st. JPMorgan Chase & Co. lifted their price objective on NXP Semiconductors from $295.00 to $300.00 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Finally, Mizuho decreased their price target on shares of NXP Semiconductors from $200.00 to $190.00 and set an “underperform” rating on the stock in a research report on Wednesday, July 29th.

Insiders Place Their Bets

In related news, EVP Andrew Micallef sold 1,000 shares of the company’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $226.04, for a total value of $226,040.00. Following the completion of the transaction, the executive vice president owned 7,942 shares of the company’s stock, valued at approximately $1,795,209.68. This represents a 11.18% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.05% of the company’s stock.

Hedge Funds Weigh In On NXP Semiconductors

Several large investors have recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in shares of NXP Semiconductors during the second quarter worth about $6,716,412,000. State Street Corp boosted its stake in NXP Semiconductors by 6.4% in the 2nd quarter. State Street Corp now owns 11,699,143 shares of the semiconductor provider’s stock worth $3,298,932,000 after purchasing an additional 702,099 shares during the period. Wellington Management Group LLP purchased a new stake in NXP Semiconductors during the 2nd quarter valued at approximately $21,099,000. Invesco Ltd. grew its holdings in NXP Semiconductors by 17.2% during the 4th quarter. Invesco Ltd. now owns 5,574,672 shares of the semiconductor provider’s stock valued at $1,210,038,000 after buying an additional 818,985 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of NXP Semiconductors by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 5,463,756 shares of the semiconductor provider’s stock valued at $1,180,572,000 after buying an additional 30,804 shares during the last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

NXP Semiconductors Stock Performance

Shares of NXPI opened at $236.32 on Friday. The company has a market cap of $59.59 billion, a price-to-earnings ratio of 20.16, a P/E/G ratio of 0.81 and a beta of 1.81. The business’s fifty day simple moving average is $234.65 and its two-hundred day simple moving average is $252.49. NXP Semiconductors has a 12 month low of $183.00 and a 12 month high of $339.95. 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 (NASDAQ:NXPI) last posted its quarterly earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share for the quarter, topping 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 analysts’ expectations of $3.47 billion. During the same quarter in the previous year, the business earned $2.72 earnings per share. The company’s revenue was up 19.5% on a year-over-year basis. Research analysts anticipate that NXP Semiconductors will post 13.73 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th will be given a $1.0140 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Wednesday, September 16th. NXP Semiconductors’s dividend payout ratio is presently 34.64%.

NXP Semiconductors Company Profile

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands. The company develops and supplies secure connectivity and processing solutions for automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure applications.

Its product portfolio includes microcontrollers and application processors, automotive networking and processing chips, analog and power-management devices, radio-frequency and wireless connectivity products, sensors, and embedded security solutions.