NXP Semiconductors N.V. (NASDAQ:NXPI) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of NXP Semiconductors N.V. (NASDAQ:NXPIGet Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the twenty-six brokerages that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $302.2727.

Several research analysts have recently commented on NXPI shares. Wall Street Zen upgraded NXP Semiconductors from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Raymond James Financial boosted their price objective on NXP Semiconductors from $250.00 to $300.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Barclays increased their target price on NXP Semiconductors from $295.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Evercore raised their target price on NXP Semiconductors from $260.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Finally, Morgan Stanley lifted their target price on NXP Semiconductors from $299.00 to $335.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th.

Read Our Latest Stock Analysis on NXPI

Insider Activity at NXP Semiconductors

In related news, EVP Christopher L. Jensen sold 4,576 shares of NXP Semiconductors stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $234.03, for a total value of $1,070,921.28. Following the completion of the transaction, the executive vice president owned 5,389 shares in the company, valued at approximately $1,261,187.67. The trade was a 45.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible 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 company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $315.57, for a total transaction of $315,570.00. Following the sale, the executive vice president directly owned 8,942 shares in the company, valued at approximately $2,821,826.94. The trade was a 10.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 12,611 shares of company stock worth $3,182,068. Corporate insiders own 0.05% of the company’s stock.

Institutional Trading of NXP Semiconductors

Several hedge funds have recently modified their holdings of NXPI. Allied Private Wealth LLC purchased a new position in NXP Semiconductors in the second quarter valued at $28,000. JPL Wealth Management LLC purchased a new stake in NXP Semiconductors during the 3rd quarter worth about $26,000. SHP Wealth Management purchased a new stake in NXP Semiconductors during the 4th quarter worth about $27,000. Acumen Wealth Advisors LLC acquired a new stake in NXP Semiconductors in the 4th quarter valued at about $28,000. Finally, Jessup Wealth Management Inc acquired a new stake in NXP Semiconductors in the 4th quarter valued at about $29,000. 90.54% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Stock Performance

Shares of NXPI stock opened at $292.26 on Monday. The firm’s 50 day moving average price is $300.17 and its 200-day moving average price is $248.86. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.55 and a current ratio of 2.24. NXP Semiconductors has a one year low of $183.00 and a one year high of $339.95. The firm has a market cap of $73.79 billion, a P/E ratio of 27.97, a P/E/G ratio of 1.05 and a beta of 1.79.

NXP Semiconductors (NASDAQ:NXPIGet Free Report) last posted its quarterly earnings data 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. NXP Semiconductors had a net margin of 21.03% and a return on equity of 26.75%. The firm had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.14 billion. During the same quarter last year, the company posted $2.64 EPS. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. As a group, equities research analysts predict that NXP Semiconductors will post 13.4 EPS for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Wednesday, June 24th were paid a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, June 24th. This represents a $4.06 annualized dividend and a dividend yield of 1.4%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 38.85%.

NXP Semiconductors Company Profile

(Get Free Report)

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.

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Analyst Recommendations for NXP Semiconductors (NASDAQ:NXPI)

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