NXP Semiconductors (NASDAQ:NXPI) Research Coverage Started at Citic Securities

Citic Securities initiated coverage on shares of NXP Semiconductors (NASDAQ:NXPI) in a report published on Friday. The brokerage issued a $288.00 price target on the semiconductor provider’s stock.

NXPI has been the subject of a number of other reports. StockNews.com lowered shares of NXP Semiconductors from a buy rating to a hold rating in a research note on Friday, August 2nd. Citigroup increased their target price on NXP Semiconductors from $150.00 to $220.00 and gave the company a sell rating in a report on Monday, July 15th. Morgan Stanley cut their price target on NXP Semiconductors from $275.00 to $271.00 and set an equal weight rating for the company in a research note on Wednesday, July 24th. UBS Group upgraded shares of NXP Semiconductors from a neutral rating to a buy rating and increased their price objective for the stock from $275.00 to $285.00 in a research note on Monday, October 7th. Finally, TD Cowen dropped their price objective on shares of NXP Semiconductors from $330.00 to $310.00 and set a buy rating on the stock in a report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $291.40.

NXP Semiconductors Stock Performance

Shares of NXPI opened at $243.44 on Friday. The company has a market cap of $62.24 billion, a price-to-earnings ratio of 22.48, a P/E/G ratio of 2.58 and a beta of 1.49. The business’s fifty day simple moving average is $240.00 and its two-hundred day simple moving average is $253.34. NXP Semiconductors has a 12 month low of $167.21 and a 12 month high of $296.08. The company has a current ratio of 2.21, a quick ratio of 1.52 and a debt-to-equity ratio of 1.04.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Monday, July 22nd. The semiconductor provider reported $3.20 EPS for the quarter, beating the consensus estimate of $2.82 by $0.38. NXP Semiconductors had a return on equity of 35.65% and a net margin of 21.21%. The company had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same period last year, the firm posted $3.04 earnings per share. NXP Semiconductors’s revenue was down 5.2% compared to the same quarter last year. Research analysts anticipate that NXP Semiconductors will post 11.97 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Thursday, September 12th were given a dividend of $1.014 per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.67%. NXP Semiconductors’s dividend payout ratio is 37.40%.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total transaction of $813,225.00. Following the completion of the transaction, the executive vice president now owns 30,269 shares of the company’s stock, valued at $7,033,002.15. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other NXP Semiconductors news, insider Julie Southern acquired 146 shares of the company’s stock in a transaction on Tuesday, July 30th. The stock was acquired at an average cost of $257.54 per share, with a total value of $37,600.84. Following the purchase, the insider now directly owns 11,297 shares of the company’s stock, valued at approximately $2,909,429.38. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Jennifer Wuamett sold 3,500 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total transaction of $813,225.00. Following the sale, the executive vice president now owns 30,269 shares in the company, valued at $7,033,002.15. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by insiders.

Institutional Investors Weigh In On NXP Semiconductors

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Harrell Investment Partners LLC raised its holdings in NXP Semiconductors by 1.2% during the 3rd quarter. Harrell Investment Partners LLC now owns 13,868 shares of the semiconductor provider’s stock valued at $3,328,000 after buying an additional 166 shares during the period. Affinity Wealth Management LLC increased its position in NXP Semiconductors by 11.8% during the third quarter. Affinity Wealth Management LLC now owns 967 shares of the semiconductor provider’s stock valued at $232,000 after acquiring an additional 102 shares during the last quarter. Factory Mutual Insurance Co. increased its position in NXP Semiconductors by 76.1% during the third quarter. Factory Mutual Insurance Co. now owns 54,600 shares of the semiconductor provider’s stock valued at $13,105,000 after acquiring an additional 23,600 shares during the last quarter. Exchange Traded Concepts LLC raised its stake in shares of NXP Semiconductors by 2,095.6% in the third quarter. Exchange Traded Concepts LLC now owns 5,489 shares of the semiconductor provider’s stock valued at $1,317,000 after acquiring an additional 5,239 shares during the period. Finally, Cardinal Capital Management Inc. lifted its holdings in shares of NXP Semiconductors by 2.4% in the 3rd quarter. Cardinal Capital Management Inc. now owns 100,185 shares of the semiconductor provider’s stock worth $24,045,000 after acquiring an additional 2,377 shares during the last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

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.