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 nineteen analysts that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $267.00.

Several equities research analysts recently weighed in on NXPI shares. Stifel Nicolaus reduced their target price on shares of NXP Semiconductors from $231.00 to $210.00 and set a "hold" rating for the company in a research note on Wednesday, February 5th. Mizuho raised their target price on NXP Semiconductors from $240.00 to $255.00 and gave the stock an "outperform" rating in a research report on Thursday, February 20th. JPMorgan Chase & Co. reduced their price objective on shares of NXP Semiconductors from $260.00 to $240.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. Morgan Stanley raised shares of NXP Semiconductors from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $231.00 to $257.00 in a research report on Wednesday, February 12th. Finally, Susquehanna lowered their price objective on NXP Semiconductors from $235.00 to $225.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 5th.

NXP Semiconductors Trading Up 5.2 %

Shares of NXPI stock opened at $211.12 on Tuesday. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. NXP Semiconductors has a 1 year low of $196.95 and a 1 year high of $296.08. The firm's fifty day simple moving average is $215.54 and its 200 day simple moving average is $222.68. The firm has a market capitalization of $53.54 billion, a P/E ratio of 21.70, a price-to-earnings-growth ratio of 3.01 and a beta of 1.47.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 19th will be paid a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend is Wednesday, March 19th. NXP Semiconductors's payout ratio is 41.62%.

Insider Activity

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

Institutional Trading of NXP Semiconductors

Hedge funds have recently added to or reduced their stakes in the business. Ascent Group LLC lifted its holdings in shares of NXP Semiconductors by 0.4% during the 3rd quarter. Ascent Group LLC now owns 12,498 shares of the semiconductor provider's stock valued at $3,000,000 after purchasing an additional 46 shares in the last quarter. Central Bank & Trust Co. increased its position in shares of NXP Semiconductors by 1.1% during the fourth quarter. Central Bank & Trust Co. now owns 4,412 shares of the semiconductor provider's stock worth $917,000 after acquiring an additional 48 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in NXP Semiconductors by 9.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 573 shares of the semiconductor provider's stock valued at $119,000 after acquiring an additional 51 shares in the last quarter. Private Trust Co. NA increased its holdings in NXP Semiconductors by 5.8% during the 4th quarter. Private Trust Co. NA now owns 968 shares of the semiconductor provider's stock worth $201,000 after purchasing an additional 53 shares in the last quarter. Finally, J. W. Coons Advisors LLC lifted its holdings in shares of NXP Semiconductors by 2.1% in the fourth quarter. J. W. Coons Advisors LLC now owns 2,972 shares of the semiconductor provider's stock valued at $618,000 after purchasing an additional 60 shares in the last quarter. Institutional investors and hedge funds 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.

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