NXP Semiconductors (NASDAQ:NXPI) Receives $261.50 Consensus PT from Brokerages

Shares of NXP Semiconductors (NASDAQ:NXPI - Get Free Report) have received a consensus rating of "Moderate Buy" from the twenty analysts that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation, sixteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $258.10.

A number of research analysts recently weighed in on the company. Cantor Fitzgerald reiterated an "overweight" rating and issued a $250.00 target price on shares of NXP Semiconductors in a report on Tuesday, February 4th. StockNews.com cut shares of NXP Semiconductors from a "buy" rating to a "hold" rating in a research report on Wednesday, January 29th. Mizuho upped their target price on shares of NXP Semiconductors from $240.00 to $255.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Truist Financial boosted their target price on shares of NXP Semiconductors from $245.00 to $258.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating on shares of NXP Semiconductors in a report on Tuesday, February 4th.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the business's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $204.86, for a total value of $204,860.00. Following the completion of the sale, the chief operating officer now owns 8,828 shares of the company's stock, valued at $1,808,504.08. The trade was a 10.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.11% of the stock is owned by company insiders.

Institutional Investors Weigh In On NXP Semiconductors

Several institutional investors and hedge funds have recently bought and sold shares of the company. ORG Wealth Partners LLC lifted its holdings in shares of NXP Semiconductors by 915.4% during the 4th quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider's stock worth $27,000 after acquiring an additional 119 shares during the period. Sound Income Strategies LLC raised its holdings in shares of NXP Semiconductors by 169.2% during the 4th quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider's stock worth $29,000 after buying an additional 88 shares in the last quarter. Smithfield Trust Co bought a new stake in shares of NXP Semiconductors during the 4th quarter worth $32,000. Runnymede Capital Advisors Inc. acquired a new position in NXP Semiconductors during the 4th quarter worth about $32,000. Finally, Brooklyn Investment Group lifted its position in shares of NXP Semiconductors by 69.5% during the 4th quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider's stock valued at $33,000 after acquiring an additional 66 shares during the period. Institutional investors own 90.54% of the company's stock.

NXP Semiconductors Price Performance

Shares of NASDAQ NXPI traded up $11.80 during midday trading on Friday, hitting $192.67. The company had a trading volume of 1,300,107 shares, compared to its average volume of 2,574,524. NXP Semiconductors has a twelve month low of $148.09 and a twelve month high of $296.08. The firm has a market capitalization of $48.86 billion, a price-to-earnings ratio of 19.80, a price-to-earnings-growth ratio of 3.01 and a beta of 1.40. The business has a 50-day simple moving average of $198.40 and a two-hundred day simple moving average of $213.76. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th were issued a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 2.11%. NXP Semiconductors's payout ratio is presently 41.62%.

About NXP Semiconductors

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.