NXP Semiconductors N.V. (NASDAQ:NXPI) Stock Has Consensus Price Target of $295.78

Shares of NXP Semiconductors N.V. (NASDAQ:NXPI) have received an average recommendation of “Moderate Buy” from the twenty-six brokerages that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and sixteen have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $295.78.

Several brokerages have commented on NXPI. Cantor Fitzgerald restated an “overweight” rating and issued a $400.00 price target on shares of NXP Semiconductors in a research note on Monday, October 26th. Bank of America reaffirmed a “neutral” rating and set a $280.00 price target on shares of NXP Semiconductors in a report on Wednesday, October 28th. Mizuho reduced their price objective on NXP Semiconductors from $200.00 to $190.00 and set an “underperform” rating for the company in a research report on Wednesday, July 29th. Weiss Ratings reissued a “hold (c+)” rating on shares of NXP Semiconductors in a report on Thursday, October 29th. Finally, KeyCorp lowered their target price on NXP Semiconductors from $345.00 to $330.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 28th.

NXP Semiconductors Stock Performance

Shares of NXPI stock traded down $2.20 during trading hours on Friday, reaching $265.09. The stock had a trading volume of 4,320,601 shares, compared to its average volume of 5,620,579. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.12 and a quick ratio of 1.47. NXP Semiconductors has a twelve month low of $183.00 and a twelve month high of $339.95. The firm has a 50-day simple moving average of $240.01 and a 200-day simple moving average of $247.33. The firm has a market capitalization of $66.82 billion, a PE ratio of 20.84, a price-to-earnings-growth ratio of 0.90 and a beta of 1.83.

NXP Semiconductors (NASDAQ:NXPI) last posted its earnings results on Wednesday, October 28th. The semiconductor provider reported $4.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.12 by $0.08. The firm had revenue of $3.79 billion during the quarter, compared to analyst estimates of $3.76 billion. NXP Semiconductors had a net margin of 23.40% and a return on equity of 28.57%. NXP Semiconductors’s revenue was up 19.3% on a year-over-year basis. During the same period in the previous year, the business posted $3.11 EPS. As a group, equities analysts forecast that NXP Semiconductors will post 13.81 earnings per share for the current year.

NXP Semiconductors declared that its Board of Directors has initiated a share buyback program on Tuesday, October 27th that allows the company to repurchase $5 billion in outstanding shares. This buyback authorization allows the semiconductor provider to purchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th were given a dividend of $1.0140 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Wednesday, September 16th. NXP Semiconductors’s payout ratio is 31.92%.

Insiders Place Their Bets

In other news, Director Anthony Foxx sold 400 shares of the firm’s stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $263.60, for a total transaction of $105,440.00. Following the transaction, the director directly owned 2,942 shares of the company’s stock, valued at approximately $775,511.20. This trade represents a 11.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Christopher Jensen sold 3,355 shares of NXP Semiconductors stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $240.00, for a total transaction of $805,200.00. Following the sale, the executive vice president owned 288 shares in the company, valued at approximately $69,120. This represents a 92.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 6,398 shares of company stock worth $1,574,523. 0.05% of the stock is owned by company insiders.

Hedge Funds Weigh In On NXP Semiconductors

Several large investors have recently bought and sold shares of NXPI. Gamco Investors INC. ET AL grew its stake in shares of NXP Semiconductors by 2.0% during the 1st quarter. Gamco Investors INC. ET AL now owns 2,305 shares of the semiconductor provider’s stock worth $454,000 after acquiring an additional 45 shares during the period. Howard Financial Services LTD. increased its holdings in NXP Semiconductors by 2.9% in the 3rd quarter. Howard Financial Services LTD. now owns 1,736 shares of the semiconductor provider’s stock worth $412,000 after acquiring an additional 49 shares during the last quarter. Ballast Advisors LLC increased its holdings in NXP Semiconductors by 0.7% in the 1st quarter. Ballast Advisors LLC now owns 9,078 shares of the semiconductor provider’s stock worth $1,787,000 after acquiring an additional 61 shares during the last quarter. Chicago Partners Investment Group LLC raised its stake in NXP Semiconductors by 6.1% in the 1st quarter. Chicago Partners Investment Group LLC now owns 1,200 shares of the semiconductor provider’s stock valued at $236,000 after acquiring an additional 69 shares during the period. Finally, Allied Private Wealth LLC bought a new stake in NXP Semiconductors in the 2nd quarter valued at about $28,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

About NXP Semiconductors

NXP Semiconductors is a global semiconductor company headquartered in Eindhoven, the Netherlands. It develops and supplies chips and related technologies for automotive, industrial and Internet of Things, mobile, and communications infrastructure applications. Its products include microcontrollers and processors, analog and mixed-signal components, connectivity solutions, and security technologies. In the automotive sector, NXP supplies technologies used in vehicle networking, radar, and safety systems; its other offerings support applications such as secure identification and near-field communication.