NXP Semiconductors (NASDAQ:NXPI) Receives Average Recommendation of "Moderate Buy" from Analysts

Shares of NXP Semiconductors (NASDAQ:NXPI - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the twenty brokerages that are presently covering the company, MarketBeat.com reports. One equities research 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 1-year price target among analysts that have updated their coverage on the stock in the last year is $274.14.

Several equities analysts recently weighed in on the stock. The Goldman Sachs Group decreased their target price on shares of NXP Semiconductors from $285.00 to $277.00 in a research note on Friday, October 11th. Truist Financial dropped their target price on shares of NXP Semiconductors from $287.00 to $252.00 and set a "buy" rating on the stock in a report on Wednesday, November 6th. Loop Capital initiated coverage on NXP Semiconductors in a report on Monday, November 11th. They set a "buy" rating and a $300.00 price target for the company. Cantor Fitzgerald restated an "overweight" rating and issued a $270.00 price objective on shares of NXP Semiconductors in a research note on Monday, November 4th. Finally, Susquehanna reduced their target price on NXP Semiconductors from $260.00 to $250.00 and set a "neutral" rating for the company in a research note on Wednesday, November 6th.

Insider Buying and Selling

In related news, EVP Jennifer Wuamett sold 3,500 shares of the company's stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total transaction of $813,225.00. Following the completion of the sale, the executive vice president now owns 30,269 shares of the company's stock, valued at $7,033,002.15. This represents a 10.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.11% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On NXP Semiconductors

Several hedge funds have recently bought and sold shares of the company. State Street Corp boosted its position in shares of NXP Semiconductors by 1.3% during the 3rd quarter. State Street Corp now owns 10,675,415 shares of the semiconductor provider's stock worth $2,572,694,000 after acquiring an additional 139,641 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of NXP Semiconductors by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 5,145,932 shares of the semiconductor provider's stock valued at $1,231,533,000 after purchasing an additional 57,762 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of NXP Semiconductors by 2.1% in the 3rd quarter. Franklin Resources Inc. now owns 4,459,689 shares of the semiconductor provider's stock valued at $1,063,322,000 after purchasing an additional 93,129 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of NXP Semiconductors by 67.2% in the 3rd quarter. Van ECK Associates Corp now owns 3,041,129 shares of the semiconductor provider's stock valued at $718,680,000 after purchasing an additional 1,222,736 shares during the last quarter. Finally, Janus Henderson Group PLC raised its holdings in shares of NXP Semiconductors by 0.7% during the 3rd quarter. Janus Henderson Group PLC now owns 2,730,933 shares of the semiconductor provider's stock worth $655,453,000 after buying an additional 20,145 shares in the last quarter. 90.54% of the stock is owned by institutional investors.

NXP Semiconductors Stock Down 0.4 %

NASDAQ:NXPI traded down $0.89 on Friday, hitting $216.84. 2,855,604 shares of the company's stock were exchanged, compared to its average volume of 2,295,447. The firm has a 50-day moving average price of $230.25 and a 200-day moving average price of $246.41. NXP Semiconductors has a 52 week low of $201.58 and a 52 week high of $296.08. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.35 and a quick ratio of 1.60. The company has a market cap of $55.11 billion, a P/E ratio of 20.69, a price-to-earnings-growth ratio of 4.43 and a beta of 1.46.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released 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. The business had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.25 billion. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. NXP Semiconductors's revenue was down 5.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.31 earnings per share. As a group, analysts expect that NXP Semiconductors will post 11.33 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Thursday, December 5th will be paid a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.87%. The ex-dividend date is Thursday, December 5th. NXP Semiconductors's dividend payout ratio (DPR) is currently 38.74%.

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.