NXP Semiconductors (NASDAQ:NXPI – Free Report) had its price target cut by Stifel Nicolaus from $282.00 to $265.00 in a research note published on Monday morning, MarketBeat reports. They currently have a hold rating on the semiconductor provider’s stock.
Several other equities analysts have also recently issued reports on NXPI. Needham & Company LLC reaffirmed a “buy” rating and issued a $300.00 price objective on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Susquehanna increased their target price on shares of NXP Semiconductors from $210.00 to $250.00 and gave the company a “neutral” rating in a research note on Tuesday, July 21st. Wells Fargo & Company reduced their target price on shares of NXP Semiconductors from $290.00 to $280.00 and set an “equal weight” rating for the company in a report on Wednesday, July 29th. Bank of America restated a “neutral” rating on shares of NXP Semiconductors in a research report on Wednesday, July 29th. Finally, Oppenheimer upped their price target on NXP Semiconductors from $300.00 to $325.00 and gave the company an “outperform” rating in a report on Friday, July 24th. Sixteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $304.91.
Get Our Latest Report on NXP Semiconductors
NXP Semiconductors Trading Down 3.7%
NXP Semiconductors (NASDAQ:NXPI – Get Free Report) last released its earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $3.47 billion. During the same period in the previous year, the company earned $2.72 earnings per share. NXP Semiconductors’s revenue was up 19.5% compared to the same quarter last year. On average, equities analysts forecast that NXP Semiconductors will post 13.73 EPS for the current fiscal year.
NXP Semiconductors Dividend Announcement
The business also recently announced 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. The ex-dividend date is Wednesday, September 16th. This represents a $4.06 dividend on an annualized basis and a yield of 1.7%. NXP Semiconductors’s dividend payout ratio is presently 34.64%.
Insiders Place Their Bets
In other 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 transaction, the executive vice president directly owned 7,942 shares of the company’s stock, valued at approximately $1,795,209.68. This represents a 11.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 3,355 shares of the stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $240.00, for a total value of $805,200.00. Following the sale, the executive vice president owned 288 shares of the company’s stock, valued at approximately $69,120. This represents a 92.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.05% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of NXPI. Veery Capital LLC acquired a new position in NXP Semiconductors in the 3rd quarter worth about $206,000. Venture Visionary Partners LLC acquired a new stake in shares of NXP Semiconductors during the 3rd quarter valued at about $327,000. Canandaigua National Bank & Trust Co. acquired a new stake in shares of NXP Semiconductors during the 3rd quarter valued at about $627,000. Greenfield Savings Bank bought a new stake in shares of NXP Semiconductors in the 3rd quarter valued at approximately $583,000. Finally, American National Bank & Trust bought a new stake in shares of NXP Semiconductors in the 3rd quarter valued at approximately $277,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.
About NXP Semiconductors
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.
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