NXP Semiconductors (NASDAQ:NXPI) Cut to Buy at Wall Street Zen

Wall Street Zen cut shares of NXP Semiconductors (NASDAQ:NXPI) from a strong-buy rating to a buy rating in a report released on Sunday morning.

Several other research firms also recently commented on NXPI. Needham & Company LLC reiterated a “buy” rating and issued a $300.00 price objective on shares of NXP Semiconductors in a report on Wednesday, July 29th. Weiss Ratings restated a “hold (c+)” rating on shares of NXP Semiconductors in a report on Friday, July 31st. Loop Capital raised their price target on NXP Semiconductors from $275.00 to $290.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Wolfe Research lifted their price target on NXP Semiconductors from $270.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Finally, Jefferies Financial Group boosted their price objective on NXP Semiconductors from $265.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Sixteen analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $305.43.

NXP Semiconductors Price Performance

Shares of NXP Semiconductors stock opened at $236.38 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.36 and a current ratio of 2.04. NXP Semiconductors has a 52-week low of $183.00 and a 52-week high of $339.95. The company has a fifty day moving average of $277.87 and a 200-day moving average of $252.68. The stock has a market capitalization of $59.61 billion, a price-to-earnings ratio of 20.17, a price-to-earnings-growth ratio of 0.79 and a beta of 1.81.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 EPS for the quarter, topping analysts’ consensus estimates of $3.52 by $0.09. The company had revenue of $3.50 billion for 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 firm’s revenue was up 19.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.72 EPS. Equities research analysts expect that NXP Semiconductors will post 13.73 EPS for the current year.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Wednesday, June 24th were issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Wednesday, June 24th. NXP Semiconductors’s dividend payout ratio is currently 34.64%.

Insiders Place Their Bets

In other NXP Semiconductors news, EVP Christopher L. Jensen sold 1,746 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $316.53, for a total value of $552,661.38. Following the completion of the transaction, the executive vice president directly owned 3,643 shares in the company, valued at approximately $1,153,118.79. This represents a 32.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $2,821,826.94. This represents a 10.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.05% of the company’s stock.

Hedge Funds Weigh In On NXP Semiconductors

A number of institutional investors have recently bought and sold shares of NXPI. Allied Private Wealth LLC purchased a new position in shares of NXP Semiconductors during the 2nd quarter worth approximately $28,000. Bell Investment Advisors Inc purchased a new position in shares of NXP Semiconductors in the 2nd quarter valued at approximately $29,000. JPL Wealth Management LLC purchased a new position in shares of NXP Semiconductors in the 3rd quarter valued at approximately $26,000. SHP Wealth Management bought a new stake in shares of NXP Semiconductors during the fourth quarter valued at approximately $27,000. Finally, Acumen Wealth Advisors LLC bought a new stake in shares of NXP Semiconductors during the fourth quarter valued at approximately $28,000. 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.