Several other research analysts also recently commented on NXPI. Deutsche Bank lifted their price target on NXP Semiconductors from $105.00 to $110.00 and gave the stock a buy rating in a research report on Thursday, March 14th. BidaskClub downgraded NXP Semiconductors from a hold rating to a sell rating in a research report on Friday, March 15th. Piper Jaffray Companies lifted their price target on NXP Semiconductors from $100.00 to $110.00 and gave the stock an overweight rating in a research report on Tuesday, April 9th. Zacks Investment Research raised NXP Semiconductors from a sell rating to a hold rating and set a $109.00 price target on the stock in a research report on Wednesday, April 10th. Finally, Bank of America reaffirmed a buy rating and issued a $125.00 price target (up from $105.00) on shares of NXP Semiconductors in a research report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, nine have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $101.32.
Shares of NASDAQ NXPI opened at $97.14 on Monday. The company has a current ratio of 1.42, a quick ratio of 1.04 and a debt-to-equity ratio of 0.63. The stock has a 50 day simple moving average of $94.41. The company has a market cap of $32.10 billion, a P/E ratio of 16.35, a P/E/G ratio of 1.19 and a beta of 1.26. NXP Semiconductors has a 12 month low of $67.62 and a 12 month high of $112.00.
NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Monday, April 29th. The semiconductor provider reported $1.72 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.47. The company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.09 billion. NXP Semiconductors had a return on equity of 18.33% and a net margin of 23.06%. Sell-side analysts expect that NXP Semiconductors will post 6.56 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 14th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend is Thursday, June 13th. NXP Semiconductors’s dividend payout ratio is presently 16.84%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Barings LLC increased its position in shares of NXP Semiconductors by 1.3% during the first quarter. Barings LLC now owns 7,861 shares of the semiconductor provider’s stock valued at $695,000 after purchasing an additional 103 shares during the period. Citizens Financial Group Inc RI increased its position in shares of NXP Semiconductors by 56.3% during the first quarter. Citizens Financial Group Inc RI now owns 358 shares of the semiconductor provider’s stock valued at $32,000 after purchasing an additional 129 shares during the period. MML Investors Services LLC increased its position in shares of NXP Semiconductors by 2.8% during the fourth quarter. MML Investors Services LLC now owns 4,936 shares of the semiconductor provider’s stock valued at $362,000 after purchasing an additional 133 shares during the period. Krane Funds Advisors LLC increased its position in shares of NXP Semiconductors by 2.0% during the first quarter. Krane Funds Advisors LLC now owns 7,487 shares of the semiconductor provider’s stock valued at $662,000 after purchasing an additional 146 shares during the period. Finally, Penserra Capital Management LLC increased its position in shares of NXP Semiconductors by 50.0% during the first quarter. Penserra Capital Management LLC now owns 558 shares of the semiconductor provider’s stock valued at $49,000 after purchasing an additional 186 shares during the period. Institutional investors and hedge funds own 75.98% of the company’s stock.
About NXP Semiconductors
NXP Semiconductors N.V., a semiconductor company, provides high performance mixed signal solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. The company offers products for audio and visual head-end unit applications, such as single-chip radio solutions, multi-standard radios, audio amplifiers and power analog products, and i.MX applications processors; in-vehicle networking products; two-way secure entry products; various sensors and microcontrollers; power management solutions; battery cell controllers; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.
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