NXP Semiconductors (NASDAQ:NXPI) Receives $270.85 Average Target Price from Brokerages

Shares of NXP Semiconductors (NASDAQ:NXPI) have earned a consensus rating of “Moderate Buy” from the nineteen ratings firms that are presently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and fourteen have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $263.15.

NXPI has been the subject of a number of research analyst reports. Loop Capital assumed coverage on NXP Semiconductors in a research note on Monday, November 11th. They issued a “buy” rating and a $300.00 target price for the company. Needham & Company LLC lowered their price objective on NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating for the company in a research report on Wednesday. JPMorgan Chase & Co. reduced their target price on shares of NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating on the stock in a research report on Wednesday. Morgan Stanley lowered their price target on shares of NXP Semiconductors from $235.00 to $231.00 and set an “equal weight” rating for the company in a research report on Wednesday. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $250.00 price objective on shares of NXP Semiconductors in a report on Tuesday.

NXP Semiconductors Price Performance

Shares of NXP Semiconductors stock opened at $213.24 on Monday. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.35 and a quick ratio of 1.60. NXP Semiconductors has a one year low of $198.21 and a one year high of $296.08. The business’s 50 day simple moving average is $214.68 and its two-hundred day simple moving average is $230.36. The stock has a market capitalization of $54.20 billion, a P/E ratio of 20.35, a price-to-earnings-growth ratio of 3.14 and a beta of 1.46.

NXP Semiconductors (NASDAQ:NXPI) last released 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 return on equity of 33.57% and a net margin of 20.98%. The business had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.25 billion. During the same quarter last year, the business posted $3.31 EPS. The business’s revenue was down 5.4% on a year-over-year basis. Analysts forecast that NXP Semiconductors will post 11.33 EPS for the current year.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th were paid a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.90%. The ex-dividend date was Thursday, December 5th. NXP Semiconductors’s payout ratio is currently 41.62%.

Institutional Trading of NXP Semiconductors

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. SRS Capital Advisors Inc. grew its holdings in shares of NXP Semiconductors by 2,997.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,301 shares of the semiconductor provider’s stock worth $270,000 after purchasing an additional 1,259 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in NXP Semiconductors by 20.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 529 shares of the semiconductor provider’s stock valued at $110,000 after buying an additional 90 shares during the period. Metis Global Partners LLC grew its stake in NXP Semiconductors by 5.3% in the 4th quarter. Metis Global Partners LLC now owns 12,853 shares of the semiconductor provider’s stock worth $2,671,000 after acquiring an additional 647 shares in the last quarter. Bank OZK increased its position in shares of NXP Semiconductors by 4.5% during the fourth quarter. Bank OZK now owns 9,525 shares of the semiconductor provider’s stock worth $1,980,000 after acquiring an additional 414 shares during the period. Finally, SVB Wealth LLC bought a new stake in shares of NXP Semiconductors during the fourth quarter valued at approximately $604,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Company Profile

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.