Brokerages Set NXP Semiconductors (NASDAQ:NXPI) Target Price at $276.76

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) has been assigned an average rating of "Moderate Buy" from the twenty ratings firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and fourteen have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $276.76.

Several analysts have weighed in on the company. Barclays dropped their price target on NXP Semiconductors from $330.00 to $280.00 and set an "overweight" rating on the stock in a research note on Tuesday, November 5th. UBS Group cut their price objective on shares of NXP Semiconductors from $285.00 to $275.00 and set a "buy" rating on the stock in a research note on Wednesday, November 6th. Evercore ISI decreased their target price on shares of NXP Semiconductors from $370.00 to $315.00 and set an "outperform" rating for the company in a research report on Wednesday, November 6th. Oppenheimer reduced their price objective on NXP Semiconductors from $330.00 to $300.00 and set an "outperform" rating for the company in a research note on Wednesday, November 6th. Finally, Citic Securities started coverage on NXP Semiconductors in a report on Friday, October 11th. They set a $288.00 target price on the stock.

Insider Activity

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total value of $813,225.00. Following the sale, the executive vice president now owns 30,269 shares of the company's stock, valued at $7,033,002.15. This trade represents a 10.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.11% of the company's stock.

Institutional Trading of NXP Semiconductors

Institutional investors have recently bought and sold shares of the business. State Board of Administration of Florida Retirement System increased its holdings in shares of NXP Semiconductors by 13.8% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 17,316 shares of the semiconductor provider's stock valued at $4,290,000 after acquiring an additional 2,100 shares during the period. O Shaughnessy Asset Management LLC boosted its holdings in NXP Semiconductors by 10.7% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 21,610 shares of the semiconductor provider's stock valued at $5,354,000 after purchasing an additional 2,096 shares in the last quarter. Lake Street Advisors Group LLC acquired a new position in NXP Semiconductors during the 1st quarter worth approximately $275,000. Evermay Wealth Management LLC raised its stake in shares of NXP Semiconductors by 14,300.0% during the 1st quarter. Evermay Wealth Management LLC now owns 288 shares of the semiconductor provider's stock worth $72,000 after buying an additional 286 shares in the last quarter. Finally, Crewe Advisors LLC acquired a new stake in shares of NXP Semiconductors in the 1st quarter valued at approximately $226,000. 90.54% of the stock is owned by hedge funds and other institutional investors.

NXP Semiconductors Stock Up 0.2 %

Shares of NXP Semiconductors stock traded up $0.43 during trading on Wednesday, reaching $220.34. The company's stock had a trading volume of 2,125,395 shares, compared to its average volume of 2,302,952. The company has a 50-day simple moving average of $233.62 and a two-hundred day simple moving average of $251.94. NXP Semiconductors has a 1-year low of $198.00 and a 1-year high of $296.08. The company has a market cap of $56.00 billion, a price-to-earnings ratio of 21.02, a P/E/G ratio of 4.36 and a beta of 1.49. The company has a quick ratio of 1.60, a current ratio of 2.35 and a debt-to-equity ratio of 0.99.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, topping analysts' consensus estimates of $3.43 by $0.02. The company had revenue of $3.25 billion during the quarter, compared to analysts' expectations of $3.25 billion. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. NXP Semiconductors's revenue for the quarter was down 5.4% on a year-over-year basis. During the same period last year, the business earned $3.31 EPS. As a group, equities analysts forecast that NXP Semiconductors will post 11.37 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Thursday, September 12th were given a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend was Thursday, September 12th. NXP Semiconductors's payout ratio is 38.74%.

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.