NXP Semiconductors N.V. (NASDAQ:NXPI) Stock Has Consensus Price Target of $295.78

NXP Semiconductors N.V. (NASDAQ:NXPI) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-six brokerages that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and sixteen have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $295.78.

Several research analysts have recently commented on the company. Bank of America reiterated a “neutral” rating and issued a $280.00 target price on shares of NXP Semiconductors in a research report on Wednesday, October 28th. Wells Fargo & Company upped their price target on NXP Semiconductors from $235.00 to $245.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 28th. Needham & Company LLC reissued a “buy” rating and set a $300.00 price target on shares of NXP Semiconductors in a research report on Wednesday, October 28th. Wall Street Zen cut NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Saturday, October 17th. Finally, Mizuho decreased their price objective on shares of NXP Semiconductors from $200.00 to $190.00 and set an “underperform” rating for the company in a report on Wednesday, July 29th.

NXP Semiconductors Stock Down 0.8%

Shares of NASDAQ:NXPI traded down $2.20 during midday trading on Friday, reaching $265.09. The company had a trading volume of 4,320,601 shares, compared to its average volume of 5,620,579. The stock has a market capitalization of $66.82 billion, a P/E ratio of 20.84, a PEG ratio of 0.90 and a beta of 1.83. The stock’s fifty day moving average price is $240.01 and its 200-day moving average price is $247.33. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.12 and a quick ratio of 1.47. NXP Semiconductors has a one year low of $183.00 and a one year high of $339.95.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Wednesday, October 28th. The semiconductor provider reported $4.20 EPS for the quarter, topping analysts’ consensus estimates of $4.12 by $0.08. The business had revenue of $3.79 billion during the quarter, compared to the consensus estimate of $3.76 billion. NXP Semiconductors had a return on equity of 28.57% and a net margin of 23.40%. The company’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same period last year, the firm earned $3.11 earnings per share. Equities research analysts expect that NXP Semiconductors will post 13.81 earnings per share for the current fiscal year.

NXP Semiconductors announced that its Board of Directors has authorized a share buyback program on Tuesday, October 27th that allows the company to buy back $5 billion in shares. This buyback authorization allows the semiconductor provider to purchase shares of its stock through open market purchases. Share buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th were issued a dividend of $1.0140 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Wednesday, September 16th. NXP Semiconductors’s dividend payout ratio is 31.92%.

Insider Buying and Selling at NXP Semiconductors

In other news, EVP Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction dated 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 directly owned 7,942 shares of the company’s stock, valued at approximately $1,795,209.68. The trade was a 11.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Anthony Foxx sold 400 shares of the business’s stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $263.60, for a total transaction of $105,440.00. Following the sale, the director directly owned 2,942 shares of the company’s stock, valued at approximately $775,511.20. This represents a 11.97% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 6,398 shares of company stock valued at $1,574,523. Corporate insiders own 0.05% of the company’s stock.

Hedge Funds Weigh In On NXP Semiconductors

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Fortitude Family Office LLC bought a new stake in shares of NXP Semiconductors in the 3rd quarter worth approximately $26,000. Allied Private Wealth LLC bought a new position in NXP Semiconductors during the 2nd quarter worth $28,000. Fiduciary Financial Advisors bought a new position in NXP Semiconductors during the 2nd quarter worth $28,000. Bell Investment Advisors Inc acquired a new stake in NXP Semiconductors in the second quarter worth $29,000. Finally, Midwest Professional Planners LTD. acquired a new stake in NXP Semiconductors in the second quarter worth $29,000. 90.54% of the stock is currently owned by institutional investors and hedge funds.

About NXP Semiconductors

NXP Semiconductors is a global semiconductor company headquartered in Eindhoven, the Netherlands. It develops and supplies chips and related technologies for automotive, industrial and Internet of Things, mobile, and communications infrastructure applications. Its products include microcontrollers and processors, analog and mixed-signal components, connectivity solutions, and security technologies. In the automotive sector, NXP supplies technologies used in vehicle networking, radar, and safety systems; its other offerings support applications such as secure identification and near-field communication.