NXP Semiconductors (NASDAQ:NXPI) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of NXP Semiconductors (NASDAQ:NXPI) have been assigned an average recommendation of “Moderate Buy” from the twenty brokerages that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $274.14.

A number of equities research analysts have recently weighed in on the stock. Citic Securities assumed coverage on shares of NXP Semiconductors in a report on Friday, October 11th. They issued a $288.00 price objective on the stock. Evercore ISI cut their price target on NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Mizuho set a $290.00 price objective on NXP Semiconductors in a research report on Friday, October 18th. Stifel Nicolaus cut their target price on NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating on the stock in a research report on Thursday, October 17th. Finally, Oppenheimer decreased their target price on NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th.

Institutional Trading of NXP Semiconductors

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Hennion & Walsh Asset Management Inc. increased its position in NXP Semiconductors by 63.9% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 1,652 shares of the semiconductor provider’s stock worth $445,000 after purchasing an additional 644 shares during the period. China Universal Asset Management Co. Ltd. grew its holdings in NXP Semiconductors by 32.8% during the second quarter. China Universal Asset Management Co. Ltd. now owns 1,537 shares of the semiconductor provider’s stock worth $415,000 after acquiring an additional 380 shares during the period. Dakota Wealth Management raised its position in NXP Semiconductors by 11.7% in the second quarter. Dakota Wealth Management now owns 4,618 shares of the semiconductor provider’s stock worth $1,243,000 after acquiring an additional 482 shares in the last quarter. Pallas Capital Advisors LLC lifted its holdings in NXP Semiconductors by 0.9% in the second quarter. Pallas Capital Advisors LLC now owns 12,793 shares of the semiconductor provider’s stock valued at $3,573,000 after acquiring an additional 108 shares during the period. Finally, Commerzbank Aktiengesellschaft FI boosted its position in shares of NXP Semiconductors by 6.6% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 1,068 shares of the semiconductor provider’s stock worth $288,000 after purchasing an additional 66 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Price Performance

Shares of NASDAQ NXPI opened at $210.24 on Friday. 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 company has a market cap of $53.43 billion, a price-to-earnings ratio of 20.06, a price-to-earnings-growth ratio of 4.37 and a beta of 1.46. The stock’s 50-day moving average is $227.92 and its two-hundred day moving average is $244.59. NXP Semiconductors has a 1-year low of $201.58 and a 1-year high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, topping analysts’ consensus estimates of $3.43 by $0.02. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The firm had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.25 billion. During the same period in the prior year, the firm earned $3.31 earnings per share. The business’s quarterly revenue was down 5.4% compared to the same quarter last year. Analysts forecast that NXP Semiconductors will post 11.33 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th will be paid a $1.014 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $4.06 annualized dividend and a yield of 1.93%. NXP Semiconductors’s dividend payout ratio is currently 38.65%.

NXP Semiconductors Company Profile

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.