Analysts Set NXP Semiconductors N.V. (NASDAQ:NXPI) Price Target at $266.15

NXP Semiconductors N.V. (NASDAQ:NXPI) has earned an average rating of “Moderate Buy” from the twenty ratings firms that are covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $259.2941.

Several equities research analysts have recently issued reports on NXPI shares. Wells Fargo & Company raised their price target on shares of NXP Semiconductors from $260.00 to $265.00 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Sanford C. Bernstein set a $220.00 price objective on NXP Semiconductors and gave the company a “market perform” rating in a report on Wednesday, October 29th. Cantor Fitzgerald reissued an “overweight” rating and issued a $280.00 target price on shares of NXP Semiconductors in a research report on Tuesday, October 28th. Stifel Nicolaus set a $215.00 price target on NXP Semiconductors in a research report on Tuesday, October 28th. Finally, Evercore ISI increased their price target on NXP Semiconductors from $289.00 to $292.00 in a research note on Wednesday, October 29th.

NXP Semiconductors Stock Up 1.3%

Shares of NASDAQ:NXPI opened at $233.72 on Monday. NXP Semiconductors has a 1 year low of $148.09 and a 1 year high of $255.45. The company has a market capitalization of $58.82 billion, a PE ratio of 28.93, a price-to-earnings-growth ratio of 2.89 and a beta of 1.46. The business has a fifty day moving average price of $219.86 and a two-hundred day moving average price of $221.01. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.37 and a quick ratio of 1.69.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Tuesday, October 28th. The semiconductor provider reported $3.11 earnings per share for the quarter, missing analysts’ consensus estimates of $3.12 by ($0.01). NXP Semiconductors had a return on equity of 26.92% and a net margin of 17.11%.The company had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.15 billion. During the same period last year, the firm posted $3.45 earnings per share. NXP Semiconductors’s quarterly revenue was down 2.4% compared to the same quarter last year. Analysts forecast that NXP Semiconductors will post 10.28 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 10th were given a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Wednesday, December 10th. NXP Semiconductors’s dividend payout ratio (DPR) is currently 50.25%.

Insider Transactions at NXP Semiconductors

In other news, EVP Christopher L. Jensen sold 2,300 shares of the business’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $228.17, for a total value of $524,791.00. Following the sale, the executive vice president owned 9,965 shares of the company’s stock, valued at $2,273,714.05. The trade was a 18.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Julie Southern purchased 225 shares of the company’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were acquired at an average price of $225.48 per share, for a total transaction of $50,733.00. Following the completion of the purchase, the insider directly owned 11,937 shares in the company, valued at $2,691,554.76. This represents a 1.92% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold 23,097 shares of company stock worth $5,003,058 over the last quarter. Corporate insiders own 0.12% of the company’s stock.

Hedge Funds Weigh In On NXP Semiconductors

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of NXP Semiconductors by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 13,350,245 shares of the semiconductor provider’s stock valued at $2,916,895,000 after acquiring an additional 184,295 shares in the last quarter. Wellington Management Group LLP increased its position in shares of NXP Semiconductors by 11.9% in the third quarter. Wellington Management Group LLP now owns 12,583,718 shares of the semiconductor provider’s stock worth $2,865,690,000 after purchasing an additional 1,333,920 shares during the last quarter. State Street Corp increased its position in shares of NXP Semiconductors by 0.5% in the third quarter. State Street Corp now owns 10,988,061 shares of the semiconductor provider’s stock worth $2,512,283,000 after purchasing an additional 53,261 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in NXP Semiconductors by 1.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 8,237,369 shares of the semiconductor provider’s stock valued at $1,799,783,000 after purchasing an additional 103,319 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in NXP Semiconductors by 3.8% during the second quarter. Geode Capital Management LLC now owns 5,571,644 shares of the semiconductor provider’s stock valued at $1,212,425,000 after purchasing an additional 204,547 shares during the last quarter. 90.54% of the stock is owned by institutional investors.

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.