NXP Semiconductors N.V. (NASDAQ:NXPI) Receives $295.92 Consensus Price Target from Analysts

NXP Semiconductors N.V. (NASDAQ:NXPI) has been assigned a consensus rating of “Moderate Buy” from the twenty-seven analysts that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, eighteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $295.9167.

Several equities analysts have weighed in on the stock. Barclays lifted their price objective on shares of NXP Semiconductors from $295.00 to $340.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. Wolfe Research boosted their price target on shares of NXP Semiconductors from $270.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. TD Cowen boosted their price target on shares of NXP Semiconductors from $250.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of NXP Semiconductors in a report on Wednesday, April 29th. Finally, BNP Paribas Exane boosted their price target on shares of NXP Semiconductors from $270.00 to $310.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th.

NXP Semiconductors Price Performance

NASDAQ NXPI opened at $323.24 on Thursday. The stock has a market capitalization of $81.61 billion, a P/E ratio of 30.93, a P/E/G ratio of 1.13 and a beta of 1.77. NXP Semiconductors has a 1 year low of $183.00 and a 1 year high of $339.95. The business’s fifty day moving average is $284.18 and its two-hundred day moving average is $243.35. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.55 and a current ratio of 2.24.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share for the quarter, topping the consensus estimate of $2.98 by $0.07. NXP Semiconductors had a net margin of 21.03% and a return on equity of 26.75%. The firm had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $3.14 billion. During the same period in the previous year, the company posted $2.64 EPS. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. On average, research analysts forecast that NXP Semiconductors will post 13.4 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Wednesday, June 24th will be given a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Wednesday, June 24th. NXP Semiconductors’s dividend payout ratio is presently 38.85%.

Insiders Place Their Bets

In other NXP Semiconductors news, EVP Christopher L. Jensen sold 4,576 shares of the company’s stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $234.03, for a total value of $1,070,921.28. Following the transaction, the executive vice president directly owned 5,389 shares of the company’s stock, valued at $1,261,187.67. This represents a 45.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Hardy sold 5,289 shares of the company’s stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $235.00, for a total value of $1,242,915.00. Following the completion of the transaction, the executive vice president directly owned 2,020 shares in the company, valued at approximately $474,700. The trade was a 72.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 12,611 shares of company stock valued at $3,182,068 in the last three months. Insiders own 0.05% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of NXPI. Norges Bank acquired a new position in shares of NXP Semiconductors during the fourth quarter valued at about $613,029,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in NXP Semiconductors by 34,719.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,680,395 shares of the semiconductor provider’s stock valued at $581,807,000 after acquiring an additional 2,672,697 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of NXP Semiconductors by 11.9% in the third quarter. Wellington Management Group LLP now owns 12,583,718 shares of the semiconductor provider’s stock valued at $2,865,690,000 after purchasing an additional 1,333,920 shares in the last quarter. Soroban Capital Partners LP acquired a new position in shares of NXP Semiconductors in the first quarter valued at $169,943,000. Finally, Invesco Ltd. raised its stake in shares of NXP Semiconductors by 17.2% in the fourth quarter. Invesco Ltd. now owns 5,574,672 shares of the semiconductor provider’s stock valued at $1,210,038,000 after purchasing an additional 818,985 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

About NXP Semiconductors

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.