NXP Semiconductors N.V. (NASDAQ:NXPI) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of NXP Semiconductors N.V. (NASDAQ:NXPI) have received an average recommendation of “Moderate Buy” from the twenty-six research firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and sixteen have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $305.4348.

NXPI has been the subject of several recent research reports. TD Cowen reduced their price target on NXP Semiconductors from $340.00 to $290.00 and set a “buy” rating for the company in a research report on Wednesday, July 29th. Wells Fargo & Company reduced their target price on shares of NXP Semiconductors from $290.00 to $280.00 and set an “equal weight” rating for the company in a report on Wednesday, July 29th. Needham & Company LLC restated a “buy” rating and set a $300.00 price objective on shares of NXP Semiconductors in a report on Wednesday, July 29th. Mizuho lowered their target price on NXP Semiconductors from $200.00 to $190.00 and set an “underperform” rating on the stock in a research note on Wednesday, July 29th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of NXP Semiconductors in a report on Friday, July 31st.

Insiders Place Their Bets

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $315.57, for a total transaction of $315,570.00. Following the completion of the sale, the executive vice president directly owned 8,942 shares in the company, valued at $2,821,826.94. This represents a 10.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is owned by insiders.

Institutional Investors Weigh In On NXP Semiconductors

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. JPL Wealth Management LLC acquired a new position in NXP Semiconductors in the 3rd quarter worth about $26,000. SHP Wealth Management acquired a new position in shares of NXP Semiconductors in the 4th quarter worth approximately $27,000. Allied Private Wealth LLC bought a new stake in NXP Semiconductors during the second quarter valued at $28,000. Fiduciary Financial Advisors bought a new stake in shares of NXP Semiconductors during the 2nd quarter valued at about $28,000. Finally, Acumen Wealth Advisors LLC acquired a new stake in NXP Semiconductors during the fourth quarter worth approximately $28,000. 90.54% of the stock is owned by institutional investors.

NXP Semiconductors Trading Up 0.5%

NXPI opened at $224.64 on Tuesday. The firm’s fifty day moving average is $255.51 and its two-hundred day moving average is $252.40. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.36 and a current ratio of 2.04. The firm has a market cap of $56.65 billion, a PE ratio of 19.17, a price-to-earnings-growth ratio of 0.76 and a beta of 1.82. NXP Semiconductors has a twelve month low of $183.00 and a twelve month high of $339.95.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share for the quarter, beating the consensus estimate of $3.52 by $0.09. The company had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.47 billion. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. The business’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.72 earnings per share. Equities research analysts anticipate that NXP Semiconductors will post 13.73 EPS for the current year.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th will be issued a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Wednesday, September 16th. NXP Semiconductors’s dividend payout ratio (DPR) is currently 34.64%.

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.