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

Shares of NXP Semiconductors N.V. (NASDAQ:NXPI) have earned a consensus rating of “Moderate Buy” from the twenty-six brokerages that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, nine have issued a hold rating and sixteen have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $305.4348.

Several research firms have weighed in on NXPI. Bank of America reiterated a “neutral” rating on shares of NXP Semiconductors in a research report on Wednesday, July 29th. Stifel Nicolaus set a $282.00 target price on NXP Semiconductors in a report on Wednesday, July 29th. Oppenheimer lifted their target price on NXP Semiconductors from $300.00 to $325.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. TD Cowen reduced their price target on NXP Semiconductors from $340.00 to $290.00 and set a “buy” rating for the company in a research report on Wednesday, July 29th. Finally, Mizuho decreased their price objective on NXP Semiconductors from $200.00 to $190.00 and set an “underperform” rating on the stock in a research note on Wednesday, July 29th.

Insider Buying and Selling

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $315.57, for a total transaction of $315,570.00. Following the transaction, the executive vice president owned 8,942 shares of the company’s stock, valued at $2,821,826.94. The trade was a 10.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.05% of the company’s stock.

Institutional Trading of NXP Semiconductors

Institutional investors and hedge funds have recently modified their holdings of the company. California State Teachers Retirement System increased its stake in NXP Semiconductors by 29,659.8% in the 2nd quarter. California State Teachers Retirement System now owns 106,611,541 shares of the semiconductor provider’s stock worth $29,961,041,000 after buying an additional 106,253,301 shares in the last quarter. BlackRock Inc. bought a new position in shares of NXP Semiconductors in the second quarter worth about $6,716,412,000. State Street Corp grew its position in shares of NXP Semiconductors by 0.5% during the fourth quarter. State Street Corp now owns 11,043,159 shares of the semiconductor provider’s stock worth $2,407,382,000 after purchasing an additional 55,098 shares in the last quarter. Wellington Management Group LLP purchased a new stake in shares of NXP Semiconductors during the second quarter worth about $21,099,000. Finally, Invesco Ltd. raised its stake in NXP Semiconductors by 17.2% during the 4th quarter. Invesco Ltd. now owns 5,574,672 shares of the semiconductor provider’s stock valued at $1,210,038,000 after purchasing an additional 818,985 shares during the period. 90.54% of the stock is currently owned by institutional investors.

NXP Semiconductors Stock Performance

Shares of NASDAQ:NXPI opened at $227.84 on Tuesday. The stock has a market capitalization of $57.45 billion, a price-to-earnings ratio of 19.44, a PEG ratio of 0.77 and a beta of 1.81. 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 50-day simple moving average is $249.19 and its two-hundred day simple moving average is $251.73. NXP Semiconductors has a 52-week low of $183.00 and a 52-week high of $339.95.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 EPS for the quarter, beating the consensus estimate of $3.52 by $0.09. The firm had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.47 billion. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. The business’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.72 EPS. Analysts expect that NXP Semiconductors will post 13.73 EPS for the current year.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th will be paid a dividend of $1.014 per share. The ex-dividend date is Wednesday, September 16th. This represents a $4.06 dividend on an annualized basis and a yield of 1.8%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 34.64%.

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.