NXP Semiconductors (NASDAQ:NXPI) Stock Price Up 8% – Time to Buy?

NXP Semiconductors N.V. (NASDAQ:NXPI) shares rose 8% during trading on Tuesday . The stock traded as high as $242.89 and last traded at $241.7230. Approximately 1,433,718 shares traded hands during trading, a decline of 38% from the average daily volume of 2,310,189 shares. The stock had previously closed at $223.88.

Analyst Ratings Changes

NXPI has been the topic of a number of analyst reports. TD Cowen reduced their price target on NXP Semiconductors from $270.00 to $260.00 and set a “buy” rating on the stock in a research report on Friday, October 10th. Cantor Fitzgerald reiterated an “overweight” rating and set a $280.00 target price on shares of NXP Semiconductors in a research report on Tuesday, October 28th. Sanford C. Bernstein set a $220.00 target price on NXP Semiconductors and gave the stock a “market perform” rating in a research note on Wednesday, October 29th. Stifel Nicolaus set a $215.00 price objective on shares of NXP Semiconductors in a report on Tuesday, October 28th. Finally, Evercore ISI raised their price objective on NXP Semiconductors from $289.00 to $292.00 in a research note on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and a consensus target price of $260.62.

NXP Semiconductors Price Performance

The company has a debt-to-equity ratio of 1.09, a current ratio of 2.37 and a quick ratio of 1.69. The stock has a 50-day moving average price of $212.29 and a 200 day moving average price of $219.52. The firm has a market cap of $60.72 billion, a price-to-earnings ratio of 29.89, a PEG ratio of 2.78 and a beta of 1.46.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Tuesday, October 28th. The semiconductor provider reported $3.11 EPS for the quarter, missing the consensus estimate of $3.12 by ($0.01). The company had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.15 billion. NXP Semiconductors had a return on equity of 26.92% and a net margin of 17.11%.NXP Semiconductors’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same quarter last year, the company earned $3.45 EPS. As a group, equities research analysts forecast that NXP Semiconductors N.V. will post 10.28 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Wednesday, December 10th will be given a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Wednesday, December 10th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 50.25%.

Insider Activity at NXP Semiconductors

In other news, EVP Jennifer Wuamett sold 12,425 shares of NXP Semiconductors stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $220.94, for a total transaction of $2,745,179.50. Following the sale, the executive vice president directly owned 11,811 shares in the company, valued at $2,609,522.34. The trade was a 51.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Christopher L. Jensen sold 2,300 shares of NXP Semiconductors stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $228.17, for a total value of $524,791.00. Following the completion of the sale, the executive vice president directly owned 9,965 shares of the company’s stock, valued at approximately $2,273,714.05. This trade represents a 18.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 23,097 shares of company stock worth $5,003,058 over the last quarter. Company insiders own 0.12% of the company’s stock.

Institutional Trading of NXP Semiconductors

Institutional investors have recently bought and sold shares of the stock. JPL Wealth Management LLC purchased a new stake in NXP Semiconductors in the 3rd quarter worth about $26,000. CNB Bank acquired a new position in shares of NXP Semiconductors in the 3rd quarter valued at $28,000. Wexford Capital LP acquired a new stake in NXP Semiconductors during the third quarter valued at $31,000. Kelleher Financial Advisors acquired a new position in shares of NXP Semiconductors in the third quarter worth about $31,000. Finally, Brown Lisle Cummings Inc. increased its stake in shares of NXP Semiconductors by 121.7% in the 2nd quarter. Brown Lisle Cummings Inc. now owns 153 shares of the semiconductor provider’s stock worth $33,000 after acquiring an additional 84 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors.

NXP Semiconductors Company Profile

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.