Brokerages Set NXP Semiconductors (NASDAQ:NXPI) Price Target at $276.76

NXP Semiconductors (NASDAQ:NXPI) has earned a consensus rating of “Moderate Buy” from the twenty analysts that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $274.14.

NXPI has been the subject of a number of research analyst reports. Morgan Stanley reduced their target price on shares of NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 6th. Susquehanna reduced their price objective on NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating for the company in a research report on Wednesday, November 6th. The Goldman Sachs Group cut their target price on NXP Semiconductors from $285.00 to $277.00 in a research note on Friday, October 11th. Citic Securities began coverage on NXP Semiconductors in a research report on Friday, October 11th. They set a $288.00 price target for the company. Finally, TD Cowen lowered their price objective on shares of NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating on the stock in a report on Friday, November 8th.

Insider Buying and Selling at NXP Semiconductors

In other news, EVP Jennifer Wuamett sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total transaction of $813,225.00. Following the completion of the sale, the executive vice president now owns 30,269 shares in the company, valued at $7,033,002.15. The trade was a 10.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.11% of the company’s stock.

Hedge Funds Weigh In On NXP Semiconductors

Large investors have recently made changes to their positions in the company. Drive Wealth Management LLC increased its position in NXP Semiconductors by 4.3% during the 2nd quarter. Drive Wealth Management LLC now owns 953 shares of the semiconductor provider’s stock worth $257,000 after buying an additional 39 shares during the period. Beacon Capital Management LLC grew its stake in shares of NXP Semiconductors by 36.4% in the first quarter. Beacon Capital Management LLC now owns 150 shares of the semiconductor provider’s stock valued at $37,000 after acquiring an additional 40 shares in the last quarter. Patten Group Inc. increased its position in NXP Semiconductors by 1.2% during the second quarter. Patten Group Inc. now owns 3,454 shares of the semiconductor provider’s stock worth $929,000 after acquiring an additional 42 shares during the period. West Paces Advisors Inc. raised its stake in NXP Semiconductors by 3.1% in the 2nd quarter. West Paces Advisors Inc. now owns 1,500 shares of the semiconductor provider’s stock worth $404,000 after purchasing an additional 45 shares in the last quarter. Finally, Octavia Wealth Advisors LLC boosted its holdings in NXP Semiconductors by 5.4% in the 2nd quarter. Octavia Wealth Advisors LLC now owns 880 shares of the semiconductor provider’s stock valued at $238,000 after purchasing an additional 45 shares during the period. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Trading Down 2.2 %

NASDAQ NXPI opened at $228.66 on Wednesday. NXP Semiconductors has a one year low of $198.00 and a one year high of $296.08. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.35 and a quick ratio of 1.60. The firm has a market cap of $58.12 billion, a P/E ratio of 21.82, a P/E/G ratio of 4.55 and a beta of 1.49. The stock’s 50-day moving average is $233.53 and its 200-day moving average is $250.98.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, topping the consensus estimate of $3.43 by $0.02. The firm had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.25 billion. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The business’s quarterly revenue was down 5.4% on a year-over-year basis. During the same period last year, the company posted $3.31 EPS. Sell-side analysts anticipate that NXP Semiconductors will post 11.37 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th will be given a dividend of $1.014 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $4.06 dividend on an annualized basis and a yield of 1.77%. NXP Semiconductors’s dividend payout ratio (DPR) is 38.65%.

About NXP Semiconductors

NXP Semiconductors N.V. offers various semiconductor products. The company's product portfolio includes microcontrollers; application processors, including i.MX application processors, and i.MX 8 and 9 family of applications processors; communication processors; wireless connectivity solutions, such as near field communications, ultra-wideband, Bluetooth low-energy, Zigbee, and Wi-Fi and Wi-Fi/Bluetooth integrated SoCs; analog and interface devices; radio frequency power amplifiers; and security controllers, as well as semiconductor-based environmental and inertial sensors, including pressure, inertial, magnetic, and gyroscopic sensors.