NXP Semiconductors N.V. (NASDAQ:NXPI) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of NXP Semiconductors N.V. (NASDAQ:NXPI) have been assigned an average recommendation of “Moderate Buy” from the twenty-six analysts that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and sixteen have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $305.4348.

Several equities research analysts have commented on NXPI shares. Barclays increased their price objective on shares of NXP Semiconductors from $295.00 to $340.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $300.00 price objective on shares of NXP Semiconductors in a report on Wednesday, July 29th. Wells Fargo & Company cut their price target on NXP Semiconductors from $290.00 to $280.00 and set an “equal weight” rating for the company in a report on Wednesday, July 29th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NXP Semiconductors in a report on Friday, July 31st. Finally, Wall Street Zen cut NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Saturday.

Insider Transactions at NXP Semiconductors

In related news, EVP Andrew Micallef sold 1,000 shares of the company’s stock in a transaction on Monday, June 15th. The shares were 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 in the company, valued at $2,821,826.94. This represents a 10.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is currently owned by insiders.

Institutional Investors Weigh In On NXP Semiconductors

A number of large investors have recently modified their holdings of NXPI. MGO One Seven LLC boosted its position in shares of NXP Semiconductors by 63.0% during the fourth quarter. MGO One Seven LLC now owns 13,870 shares of the semiconductor provider’s stock worth $3,011,000 after acquiring an additional 5,359 shares during the last quarter. Deutsche Bank AG grew its holdings in shares of NXP Semiconductors by 5.1% in the fourth quarter. Deutsche Bank AG now owns 1,928,214 shares of the semiconductor provider’s stock valued at $418,538,000 after purchasing an additional 93,316 shares in the last quarter. Ieq Capital LLC bought a new stake in NXP Semiconductors in the second quarter worth $1,208,000. Barclays PLC lifted its position in NXP Semiconductors by 31.5% during the fourth quarter. Barclays PLC now owns 2,283,397 shares of the semiconductor provider’s stock valued at $495,634,000 after purchasing an additional 546,790 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in NXP Semiconductors by 3.3% during the fourth quarter. Principal Financial Group Inc. now owns 274,099 shares of the semiconductor provider’s stock valued at $59,496,000 after purchasing an additional 8,676 shares during the last quarter. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Up 0.5%

Shares of NASDAQ NXPI opened at $224.64 on Tuesday. The stock has a market capitalization of $56.65 billion, a P/E ratio of 19.17, a P/E/G ratio of 0.76 and a beta of 1.82. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 1.36. NXP Semiconductors has a 1 year low of $183.00 and a 1 year high of $339.95. The company has a 50-day moving average price of $255.51 and a 200-day moving average price of $252.40.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data 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 return on equity of 27.83% and a net margin of 22.56%.The firm had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.47 billion. During the same period in the previous year, the company posted $2.72 EPS. The company’s revenue for the quarter was up 19.5% on a year-over-year basis. On average, equities research analysts forecast that NXP Semiconductors will post 13.73 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Wednesday, September 16th will be paid a $1.014 dividend. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.8%. NXP Semiconductors’s dividend payout ratio is 34.64%.

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.