NXP Semiconductors N.V. (NASDAQ:NXPI) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of NXP Semiconductors N.V. (NASDAQ:NXPI) have received an average recommendation of “Moderate Buy” from the twenty-seven brokerages that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, eighteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $294.25.

Several research analysts have issued reports on NXPI shares. Cantor Fitzgerald boosted their target price on NXP Semiconductors from $380.00 to $400.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. Susquehanna boosted their target price on NXP Semiconductors from $210.00 to $250.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Citigroup boosted their target price on NXP Semiconductors from $255.00 to $270.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Oppenheimer boosted their target price on NXP Semiconductors from $250.00 to $300.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Finally, TD Cowen boosted their target price on NXP Semiconductors from $250.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, EVP Andrew Hardy sold 5,289 shares of the business’s stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $235.00, for a total transaction of $1,242,915.00. Following the completion of the transaction, the executive vice president owned 2,020 shares in the company, valued at $474,700. The trade was a 72.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $194.58, for a total value of $194,580.00. Following the transaction, the executive vice president owned 9,942 shares of the company’s stock, valued at $1,934,514.36. This trade represents a 9.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 10,865 shares of company stock worth $2,508,416 over the last 90 days. Company insiders own 0.12% of the company’s stock.

Institutional Trading of NXP Semiconductors

Several institutional investors and hedge funds have recently modified their holdings of the stock. Segall Bryant & Hamill LLC bought a new stake in shares of NXP Semiconductors during the first quarter valued at approximately $2,262,000. Groupe la Francaise raised its stake in shares of NXP Semiconductors by 12.9% during the first quarter. Groupe la Francaise now owns 23,012 shares of the semiconductor provider’s stock valued at $4,527,000 after acquiring an additional 2,626 shares in the last quarter. Royal Fund Management LLC bought a new stake in shares of NXP Semiconductors during the first quarter valued at approximately $1,633,000. Janus Henderson Group PLC raised its stake in shares of NXP Semiconductors by 19.6% during the first quarter. Janus Henderson Group PLC now owns 3,069,879 shares of the semiconductor provider’s stock valued at $604,336,000 after acquiring an additional 503,884 shares in the last quarter. Finally, Strategic Investment Advisors MI bought a new stake in shares of NXP Semiconductors during the first quarter valued at approximately $470,000. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Trading Up 5.7%

NXPI opened at $316.47 on Friday. The firm has a market cap of $79.90 billion, a P/E ratio of 30.28, a P/E/G ratio of 1.14 and a beta of 1.77. NXP Semiconductors has a 12 month low of $183.00 and a 12 month high of $316.81. The company has a current ratio of 2.24, a quick ratio of 1.55 and a debt-to-equity ratio of 1.00. The stock has a 50-day moving average of $234.74 and a 200 day moving average of $226.31.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 EPS for the quarter, topping the consensus estimate of $2.98 by $0.07. The company had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.14 billion. NXP Semiconductors had a return on equity of 26.75% and a net margin of 21.03%.The firm’s revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the business posted $2.64 earnings per share. As a group, research analysts forecast that NXP Semiconductors will post 13.38 EPS for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Wednesday, March 25th were given a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Wednesday, March 25th. NXP Semiconductors’s payout ratio is 38.85%.

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.