NXP Semiconductors N.V. (NASDAQ:NXPI) Stock Has Consensus Target Price of $302.30

NXP Semiconductors N.V. (NASDAQ:NXPI) has received an average recommendation of “Moderate Buy” from the twenty-six ratings firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and sixteen have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $302.30.

NXPI has been the subject of a number of recent analyst reports. Stifel Nicolaus cut their price target on shares of NXP Semiconductors from $282.00 to $265.00 and set a “hold” rating for the company in a report on Monday, October 5th. Morgan Stanley upped their price objective on NXP Semiconductors from $335.00 to $338.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Citigroup reiterated a “neutral” rating on shares of NXP Semiconductors in a research report on Monday, July 13th. UBS Group reissued a “neutral” rating and set a $270.00 target price (down from $305.00) on shares of NXP Semiconductors in a research note on Monday, August 3rd. Finally, Oppenheimer lifted their target price on NXP Semiconductors from $300.00 to $325.00 and gave the company an “outperform” rating in a research report on Friday, July 24th.

NXP Semiconductors Price Performance

NXP Semiconductors stock opened at $234.92 on Wednesday. NXP Semiconductors has a 12-month low of $183.00 and a 12-month high of $339.95. The stock has a market cap of $59.24 billion, a P/E ratio of 20.04, a PEG ratio of 0.80 and a beta of 1.80. The company has a 50-day moving average price of $230.20 and a 200 day moving average price of $257.88. The company has a current ratio of 2.04, a quick ratio of 1.36 and a debt-to-equity ratio of 0.88.

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. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. The company had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same period in the previous year, the firm earned $2.72 earnings per share. NXP Semiconductors’s quarterly revenue was up 19.5% compared to the same quarter last year. Sell-side analysts anticipate that NXP Semiconductors will post 13.75 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Wednesday, September 16th were issued a dividend of $1.0140 per share. The ex-dividend date was Wednesday, September 16th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.7%. NXP Semiconductors’s dividend payout ratio is currently 34.64%.

Insider Transactions at NXP Semiconductors

In related news, EVP Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $226.04, for a total transaction of $226,040.00. Following the completion of the sale, the executive vice president directly owned 7,942 shares of the company’s stock, valued at approximately $1,795,209.68. This trade represents a 11.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher Jensen sold 3,355 shares of the business’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $240.00, for a total transaction of $805,200.00. Following the completion of the sale, the executive vice president owned 288 shares in the company, valued at approximately $69,120. This trade represents a 92.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On NXP Semiconductors

Hedge funds have recently made changes to their positions in the stock. Allied Private Wealth LLC acquired a new position in NXP Semiconductors during the second quarter worth $28,000. Bell Investment Advisors Inc purchased a new position in shares of NXP Semiconductors during the second quarter worth $29,000. Fiduciary Financial Advisors purchased a new position in shares of NXP Semiconductors during the second quarter worth $28,000. Fortitude Family Office LLC acquired a new stake in shares of NXP Semiconductors in the third quarter valued at $26,000. Finally, Triumph Capital Management acquired a new stake in shares of NXP Semiconductors in the third quarter valued at $29,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Company Profile

NXP Semiconductors N.V. is a global semiconductor company that develops technologies for automotive, industrial, communications infrastructure, mobile, and Internet of Things applications. The company provides processing, connectivity, security, sensing, and power-management solutions that help enable connected and automated systems.

Its product portfolio includes microcontrollers and application processors, automotive networking and radar solutions, secure identification and authentication technologies, near-field communication products, radio-frequency power amplifiers, analog and mixed-signal devices, and wireless connectivity solutions.