Analysts Set NXP Semiconductors (NASDAQ:NXPI) PT at $274.14

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) has earned a consensus rating of "Moderate Buy" from the twenty brokerages that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $274.14.

NXPI has been the subject of several recent analyst reports. The Goldman Sachs Group decreased their price target on NXP Semiconductors from $285.00 to $277.00 in a research note on Friday, October 11th. Barclays decreased their target price on NXP Semiconductors from $330.00 to $280.00 and set an "overweight" rating for the company in a research report on Tuesday, November 5th. Morgan Stanley dropped their price target on shares of NXP Semiconductors from $250.00 to $235.00 and set an "equal weight" rating on the stock in a report on Wednesday, November 6th. Wells Fargo & Company assumed coverage on shares of NXP Semiconductors in a report on Friday, November 22nd. They set an "overweight" rating and a $250.00 price objective for the company. Finally, Needham & Company LLC dropped their target price on shares of NXP Semiconductors from $300.00 to $250.00 and set a "buy" rating on the stock in a report on Wednesday, November 6th.

NXP Semiconductors Stock Down 1.3 %

Shares of NASDAQ:NXPI traded down $2.86 on Thursday, hitting $209.72. 2,299,826 shares of the company traded hands, compared to its average volume of 2,063,438. The stock has a 50 day simple moving average of $220.26 and a 200-day simple moving average of $238.76. The company has a quick ratio of 1.60, a current ratio of 2.35 and a debt-to-equity ratio of 0.99. The company has a market cap of $53.30 billion, a PE ratio of 20.01, a PEG ratio of 4.37 and a beta of 1.47. NXP Semiconductors has a 52 week low of $201.58 and a 52 week high of $296.08.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.43 by $0.02. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The business had revenue of $3.25 billion during the quarter, compared to analysts' expectations of $3.25 billion. During the same period in the previous year, the company earned $3.31 earnings per share. The business's revenue for the quarter was down 5.4% compared to the same quarter last year. As a group, research analysts expect that NXP Semiconductors will post 11.33 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Thursday, December 5th were paid a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date was Thursday, December 5th. NXP Semiconductors's dividend payout ratio (DPR) is 38.65%.

Hedge Funds Weigh In On NXP Semiconductors

Hedge funds have recently made changes to their positions in the business. Crumly & Associates Inc. lifted its stake in NXP Semiconductors by 2.0% in the 3rd quarter. Crumly & Associates Inc. now owns 2,274 shares of the semiconductor provider's stock worth $546,000 after purchasing an additional 45 shares in the last quarter. Sterling Investment Counsel LLC lifted its position in shares of NXP Semiconductors by 5.7% in the third quarter. Sterling Investment Counsel LLC now owns 850 shares of the semiconductor provider's stock worth $204,000 after buying an additional 46 shares in the last quarter. Ascent Group LLC boosted its stake in NXP Semiconductors by 0.4% during the third quarter. Ascent Group LLC now owns 12,498 shares of the semiconductor provider's stock valued at $3,000,000 after buying an additional 46 shares during the last quarter. Brighton Jones LLC boosted its stake in NXP Semiconductors by 5.2% during the second quarter. Brighton Jones LLC now owns 1,024 shares of the semiconductor provider's stock valued at $275,000 after buying an additional 51 shares during the last quarter. Finally, Farmers National Bank increased its stake in NXP Semiconductors by 6.1% in the 2nd quarter. Farmers National Bank now owns 899 shares of the semiconductor provider's stock worth $242,000 after acquiring an additional 52 shares during the last quarter. Institutional investors own 90.54% of the company's stock.

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.