Brokerages Set NXP Semiconductors N.V. (NASDAQ:NXPI) Price Target at $302.27

NXP Semiconductors N.V. (NASDAQ:NXPI) has been given a consensus rating of “Moderate Buy” by the twenty-six research firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, sixteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $307.2727.

NXPI has been the subject of several recent research reports. Stifel Nicolaus lifted their price target on NXP Semiconductors from $215.00 to $250.00 and gave the company a “hold” rating in a research report on Friday, April 24th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of NXP Semiconductors in a research report on Wednesday, April 29th. Bank of America lifted their target price on shares of NXP Semiconductors from $275.00 to $310.00 and gave the company a “neutral” rating in a report on Monday, July 13th. Raymond James Financial boosted their target price on shares of NXP Semiconductors from $250.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Finally, Morgan Stanley increased their price target on shares of NXP Semiconductors from $299.00 to $335.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th.

NXP Semiconductors Price Performance

Shares of NXPI opened at $266.53 on Monday. The business’s 50-day moving average is $298.25 and its two-hundred day moving average is $250.69. The company has a market capitalization of $67.29 billion, a P/E ratio of 25.51, a P/E/G ratio of 0.96 and a beta of 1.79. NXP Semiconductors has a fifty-two week low of $183.00 and a fifty-two week high of $339.95. 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 issued its quarterly earnings data on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.98 by $0.07. NXP Semiconductors had a return on equity of 26.75% and a net margin of 21.03%.The business had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.14 billion. During the same quarter in the previous year, the firm posted $2.64 EPS. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. Research analysts predict that NXP Semiconductors will post 13.49 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Wednesday, June 24th were given a $1.014 dividend. The ex-dividend date was Wednesday, June 24th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.5%. NXP Semiconductors’s dividend payout ratio is 38.85%.

Insiders Place Their Bets

In other news, EVP Andrew Micallef sold 1,000 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $315.57, for a total transaction of $315,570.00. Following the sale, the executive vice president directly owned 8,942 shares of the company’s stock, valued at $2,821,826.94. This represents a 10.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Hardy sold 5,289 shares of the firm’s stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $235.00, for a total value of $1,242,915.00. Following the sale, the executive vice president owned 2,020 shares in the company, valued at $474,700. This trade represents 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. Over the last quarter, insiders sold 12,611 shares of company stock worth $3,182,068. Company insiders own 0.05% of the company’s stock.

Hedge Funds Weigh In On NXP Semiconductors

A number of hedge funds have recently bought and sold shares of NXPI. Allied Private Wealth LLC acquired a new position in shares of NXP Semiconductors during the 2nd quarter worth approximately $28,000. JPL Wealth Management LLC purchased a new position in shares of NXP Semiconductors during the 3rd quarter valued at approximately $26,000. SHP Wealth Management acquired a new stake in NXP Semiconductors in the 4th quarter valued at $27,000. Acumen Wealth Advisors LLC acquired a new stake in NXP Semiconductors in the 4th quarter valued at $28,000. Finally, Jessup Wealth Management Inc purchased a new stake in NXP Semiconductors in the 4th quarter worth $29,000. Hedge funds and other institutional investors 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.