Analysts Set NXP Semiconductors N.V. (NASDAQ:NXPI) Price Target at $260.62

Shares of NXP Semiconductors N.V. (NASDAQ:NXPI) have received a consensus recommendation of “Moderate Buy” from the twenty-one research firms that are covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $260.6211.

A number of analysts recently weighed in on NXPI shares. Stifel Nicolaus set a $215.00 target price on shares of NXP Semiconductors in a report on Tuesday, October 28th. Cantor Fitzgerald reissued an “overweight” rating and set a $280.00 price objective on shares of NXP Semiconductors in a research note on Tuesday, October 28th. Truist Financial boosted their target price on NXP Semiconductors from $254.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, December 19th. Evercore ISI increased their price target on NXP Semiconductors from $289.00 to $292.00 in a research report on Wednesday, October 29th. Finally, TD Cowen dropped their price target on NXP Semiconductors from $270.00 to $260.00 and set a “buy” rating on the stock in a research note on Friday, October 10th.

NXP Semiconductors Trading Down 1.1%

Shares of NXPI stock opened at $220.46 on Thursday. The stock has a 50-day simple moving average of $212.32 and a 200 day simple moving average of $219.27. The stock has a market capitalization of $55.48 billion, a P/E ratio of 27.28, a P/E/G ratio of 3.31 and a beta of 1.46. NXP Semiconductors has a fifty-two week low of $148.09 and a fifty-two week high of $255.45. The company has a quick ratio of 1.69, a current ratio of 2.37 and a debt-to-equity ratio of 1.09.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Tuesday, October 28th. The semiconductor provider reported $3.11 earnings per share for the quarter, missing analysts’ consensus estimates of $3.12 by ($0.01). NXP Semiconductors had a net margin of 17.11% and a return on equity of 26.92%. The business had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.15 billion. During the same period in the previous year, the company posted $3.45 earnings per share. NXP Semiconductors’s revenue was down 2.4% compared to the same quarter last year. On average, sell-side analysts expect that NXP Semiconductors will post 10.28 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Wednesday, December 10th will be given a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Wednesday, December 10th. NXP Semiconductors’s dividend payout ratio (DPR) is 50.12%.

Insider Activity

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 8,372 shares of NXP Semiconductors stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $207.01, for a total transaction of $1,733,087.72. Following the transaction, the executive vice president directly owned 19,175 shares in the company, valued at approximately $3,969,416.75. The trade was a 30.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Christopher L. Jensen sold 2,300 shares of the stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $228.17, for a total value of $524,791.00. Following the completion of the sale, the executive vice president owned 9,965 shares of the company’s stock, valued at $2,273,714.05. The trade was a 18.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.12% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Shelton Capital Management raised its stake in shares of NXP Semiconductors by 16.1% in the second quarter. Shelton Capital Management now owns 83,378 shares of the semiconductor provider’s stock valued at $18,217,000 after purchasing an additional 11,577 shares in the last quarter. Alberta Investment Management Corp bought a new stake in NXP Semiconductors in the 2nd quarter valued at $3,540,000. Vantage Investment Partners LLC raised its stake in shares of NXP Semiconductors by 5.2% in the 2nd quarter. Vantage Investment Partners LLC now owns 34,193 shares of the semiconductor provider’s stock valued at $7,471,000 after buying an additional 1,675 shares in the last quarter. OMERS ADMINISTRATION Corp lifted its holdings in shares of NXP Semiconductors by 13.6% during the 2nd quarter. OMERS ADMINISTRATION Corp now owns 58,645 shares of the semiconductor provider’s stock worth $12,813,000 after acquiring an additional 7,034 shares during the period. Finally, CCLA Investment Management boosted its position in shares of NXP Semiconductors by 6.5% during the 2nd quarter. CCLA Investment Management now owns 545,580 shares of the semiconductor provider’s stock valued at $119,121,000 after acquiring an additional 33,112 shares in the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

NXP Semiconductors Company Profile

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.