NXP Semiconductors (NASDAQ:NXPI) Given Average Rating of “Moderate Buy” by Analysts

Shares of NXP Semiconductors (NASDAQ:NXPI) have earned an average rating of “Moderate Buy” from the nineteen brokerages that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $288.90.

Several research analysts have weighed in on NXPI shares. Morgan Stanley lowered their price objective on NXP Semiconductors from $275.00 to $271.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. Needham & Company LLC raised their price target on shares of NXP Semiconductors from $280.00 to $300.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Cantor Fitzgerald cut their price objective on shares of NXP Semiconductors from $350.00 to $270.00 and set an “overweight” rating for the company in a report on Tuesday, October 8th. Barclays raised their target price on shares of NXP Semiconductors from $280.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, July 18th. Finally, Citic Securities initiated coverage on shares of NXP Semiconductors in a research report on Friday, October 11th. They issued a $288.00 price target for the company.

NXP Semiconductors Trading Up 1.7 %

Shares of NASDAQ:NXPI opened at $243.16 on Friday. NXP Semiconductors has a 12-month low of $167.21 and a 12-month high of $296.08. The business has a 50 day moving average of $238.60 and a 200-day moving average of $252.67. The company has a quick ratio of 1.52, a current ratio of 2.21 and a debt-to-equity ratio of 1.04. The stock has a market cap of $61.94 billion, a PE ratio of 22.73, a P/E/G ratio of 2.50 and a beta of 1.49.

NXP Semiconductors Announces Dividend

The business also recently disclosed 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. This represents a $4.06 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date was Thursday, September 12th. NXP Semiconductors’s dividend payout ratio is 37.94%.

Insider Buying and Selling at NXP Semiconductors

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

Institutional Investors Weigh In On NXP Semiconductors

Several institutional investors and hedge funds have recently made changes to their positions in NXPI. Vanguard Group Inc. boosted its holdings in NXP Semiconductors by 17.3% in the first quarter. Vanguard Group Inc. now owns 12,921,432 shares of the semiconductor provider’s stock valued at $3,201,543,000 after acquiring an additional 1,909,898 shares during the last quarter. International Assets Investment Management LLC boosted its stake in shares of NXP Semiconductors by 24,533.2% in the 3rd quarter. International Assets Investment Management LLC now owns 514,341 shares of the semiconductor provider’s stock valued at $123,447,000 after purchasing an additional 512,253 shares during the last quarter. Bessemer Group Inc. increased its position in shares of NXP Semiconductors by 4,525.6% during the first quarter. Bessemer Group Inc. now owns 356,774 shares of the semiconductor provider’s stock worth $88,399,000 after buying an additional 349,061 shares during the period. Westfield Capital Management Co. LP increased its position in shares of NXP Semiconductors by 974.4% during the first quarter. Westfield Capital Management Co. LP now owns 374,539 shares of the semiconductor provider’s stock worth $92,799,000 after buying an additional 339,678 shares during the period. Finally, Assenagon Asset Management S.A. raised its stake in NXP Semiconductors by 1,882.8% during the second quarter. Assenagon Asset Management S.A. now owns 343,522 shares of the semiconductor provider’s stock worth $92,438,000 after buying an additional 326,197 shares during the last quarter. Institutional investors and hedge funds 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.