NXP Semiconductors N.V. (NASDAQ:NXPI) Stock Now Rated “Moderate Buy” by Sell-Side Analysts

NXP Semiconductors N.V. (NASDAQ:NXPI) has been assigned a consensus rating of “Moderate Buy” from the twenty-six analysts that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and sixteen have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $305.65.

A number of equities research analysts recently issued reports on NXPI shares. Cantor Fitzgerald reissued an “overweight” rating on shares of NXP Semiconductors in a report on Tuesday, September 8th. Stifel Nicolaus set a $282.00 price target on shares of NXP Semiconductors in a research note on Wednesday, July 29th. TD Cowen cut their price target on shares of NXP Semiconductors from $340.00 to $290.00 and set a “buy” rating for the company in a report on Wednesday, July 29th. Wells Fargo & Company reduced their price target on shares of NXP Semiconductors from $290.00 to $280.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 29th. Finally, Susquehanna upped their price objective on NXP Semiconductors from $210.00 to $250.00 and gave the company a “neutral” rating in a report on Tuesday, July 21st.

NXP Semiconductors Stock Performance

NASDAQ NXPI opened at $243.66 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.36 and a current ratio of 2.04. The stock’s fifty day moving average is $231.82 and its two-hundred day moving average is $253.34. The firm has a market capitalization of $61.44 billion, a P/E ratio of 20.79, a price-to-earnings-growth ratio of 0.81 and a beta of 1.80. NXP Semiconductors has a fifty-two week low of $183.00 and a fifty-two week high of $339.95.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share (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 business had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same period last year, the company earned $2.72 EPS. The company’s revenue for the quarter was up 19.5% on a year-over-year basis. On average, research analysts anticipate that NXP Semiconductors will post 13.73 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th will be given a dividend of $1.0140 per share. The ex-dividend date is 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 (DPR) is currently 34.64%.

Insider Activity at NXP Semiconductors

In other news, EVP Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $226.04, for a total value 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. The trade was a 11.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On NXP Semiconductors

Several hedge funds have recently bought and sold shares of the company. Allied Private Wealth LLC acquired a new stake in shares of NXP Semiconductors in the 2nd quarter valued at about $28,000. Bell Investment Advisors Inc acquired a new position in NXP Semiconductors during the second quarter worth approximately $29,000. Fiduciary Financial Advisors acquired a new position in NXP Semiconductors during the second quarter worth approximately $28,000. Pingora Partners LLC purchased a new stake in NXP Semiconductors in the second quarter valued at approximately $35,000. Finally, SHP Wealth Management purchased a new stake in NXP Semiconductors in the fourth quarter valued at approximately $27,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

About NXP Semiconductors

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands. The company develops and supplies secure connectivity and processing solutions for automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure applications.

Its product portfolio includes microcontrollers and application processors, automotive networking and processing chips, analog and power-management devices, radio-frequency and wireless connectivity products, sensors, and embedded security solutions.