NXP Semiconductors (NASDAQ:NXPI) Receives $267.00 Average PT from Brokerages

Shares of NXP Semiconductors (NASDAQ:NXPI) have received an average rating of “Moderate Buy” from the nineteen brokerages that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and sixteen have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $267.00.

NXPI has been the subject of several recent analyst reports. Morgan Stanley upgraded NXP Semiconductors from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $231.00 to $257.00 in a research report on Wednesday, February 12th. Stifel Nicolaus cut their price objective on NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating for the company in a report on Wednesday, February 5th. Cantor Fitzgerald restated an “overweight” rating and issued a $250.00 price objective on shares of NXP Semiconductors in a research report on Tuesday, February 4th. StockNews.com lowered shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th. Finally, Truist Financial increased their price target on shares of NXP Semiconductors from $245.00 to $258.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th.

NXP Semiconductors Stock Down 2.8 %

Shares of NASDAQ:NXPI opened at $200.06 on Tuesday. The firm has a fifty day moving average price of $215.18 and a two-hundred day moving average price of $222.30. The company has a market cap of $50.74 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 3.01 and a beta of 1.47. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. NXP Semiconductors has a one year low of $196.95 and a one year high of $296.08.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th will be paid a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 2.03%. The ex-dividend date is Wednesday, March 19th. NXP Semiconductors’s payout ratio is 41.62%.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $204.86, for a total value of $204,860.00. Following the completion of the sale, the chief operating officer now owns 8,828 shares in the company, valued at approximately $1,808,504.08. This trade represents a 10.18 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.11% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On NXP Semiconductors

A number of hedge funds and other institutional investors have recently made changes to their positions in NXPI. HITE Hedge Asset Management LLC bought a new position in NXP Semiconductors in the third quarter worth about $13,445,000. Merit Financial Group LLC bought a new position in shares of NXP Semiconductors in the 4th quarter worth approximately $360,000. Strategic Financial Concepts LLC purchased a new position in shares of NXP Semiconductors in the 4th quarter valued at approximately $46,000. Austin Private Wealth LLC boosted its position in shares of NXP Semiconductors by 140.6% during the fourth quarter. Austin Private Wealth LLC now owns 3,198 shares of the semiconductor provider’s stock valued at $665,000 after purchasing an additional 1,869 shares in the last quarter. Finally, Asset Management One Co. Ltd. grew its stake in NXP Semiconductors by 2.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 98,558 shares of the semiconductor provider’s stock worth $21,068,000 after purchasing an additional 2,609 shares during the period. Institutional investors own 90.54% of the company’s stock.

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.