NXP Semiconductors (NASDAQ:NXPI) Receives Average Rating of “Moderate Buy” from Analysts

Shares of NXP Semiconductors (NASDAQ:NXPI) have received an average recommendation of “Moderate Buy” from the twenty brokerages that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $273.19.

NXPI has been the subject of a number of research analyst reports. Citic Securities assumed coverage on NXP Semiconductors in a research report on Friday, October 11th. They set a $288.00 price objective for the company. Mizuho set a $290.00 price target on shares of NXP Semiconductors in a report on Friday, October 18th. TD Cowen reduced their target price on NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Needham & Company LLC dropped their price objective on NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Finally, Morgan Stanley reduced their price target on shares of NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating for the company in a report on Wednesday, November 6th.

Institutional Trading of NXP Semiconductors

Institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp boosted its stake in shares of NXP Semiconductors by 1.3% in the third quarter. State Street Corp now owns 10,675,415 shares of the semiconductor provider’s stock valued at $2,572,694,000 after purchasing an additional 139,641 shares during the period. Geode Capital Management LLC boosted its position in shares of NXP Semiconductors by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 5,145,932 shares of the semiconductor provider’s stock worth $1,231,533,000 after acquiring an additional 57,762 shares in the last quarter. Franklin Resources Inc. raised its holdings in NXP Semiconductors by 2.1% during the third quarter. Franklin Resources Inc. now owns 4,459,689 shares of the semiconductor provider’s stock worth $1,063,322,000 after purchasing an additional 93,129 shares in the last quarter. Van ECK Associates Corp boosted its stake in NXP Semiconductors by 67.2% in the third quarter. Van ECK Associates Corp now owns 3,041,129 shares of the semiconductor provider’s stock valued at $718,680,000 after acquiring an additional 1,222,736 shares in the last quarter. Finally, Janus Henderson Group PLC grew its stake in NXP Semiconductors by 0.7% during the 3rd quarter. Janus Henderson Group PLC now owns 2,730,933 shares of the semiconductor provider’s stock worth $655,453,000 after buying an additional 20,145 shares during the last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

NXP Semiconductors Price Performance

Shares of NXPI opened at $213.56 on Thursday. The company has a market capitalization of $54.28 billion, a P/E ratio of 20.38, a price-to-earnings-growth ratio of 3.11 and a beta of 1.47. The company has a quick ratio of 1.60, a current ratio of 2.35 and a debt-to-equity ratio of 0.99. NXP Semiconductors has a twelve month low of $201.58 and a twelve month high of $296.08. The firm has a 50 day moving average of $218.74 and a 200 day moving average of $237.09.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, topping the consensus estimate of $3.43 by $0.02. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The firm had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.25 billion. During the same quarter in the prior year, the business earned $3.31 EPS. The business’s quarterly revenue was down 5.4% on a year-over-year basis. As a group, equities research analysts anticipate that NXP Semiconductors will post 11.33 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Thursday, December 5th were issued a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend was Thursday, December 5th. NXP Semiconductors’s dividend payout ratio is presently 38.74%.

About NXP Semiconductors

NXP Semiconductors N.V. offers various semiconductor products. The company's product portfolio includes microcontrollers; application processors, including i.MX application processors, and i.MX 8 and 9 family of applications processors; communication processors; wireless connectivity solutions, such as near field communications, ultra-wideband, Bluetooth low-energy, Zigbee, and Wi-Fi and Wi-Fi/Bluetooth integrated SoCs; analog and interface devices; radio frequency power amplifiers; and security controllers, as well as semiconductor-based environmental and inertial sensors, including pressure, inertial, magnetic, and gyroscopic sensors.