Brokerages Set NXP Semiconductors N.V. (NASDAQ:NXPI) Price Target at $246.22

Shares of NXP Semiconductors N.V. (NASDAQ:NXPI) have been given an average rating of “Moderate Buy” by the eighteen analysts that are presently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation, fourteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $246.22.

Several equities research analysts recently weighed in on NXPI shares. Stifel Nicolaus decreased their price target on NXP Semiconductors from $210.00 to $170.00 and set a “hold” rating for the company in a report on Thursday, April 17th. Morgan Stanley set a $229.00 price target on NXP Semiconductors in a report on Monday, April 21st. Needham & Company LLC decreased their price target on NXP Semiconductors from $230.00 to $225.00 and set a “buy” rating for the company in a report on Tuesday, April 29th. Citigroup decreased their price target on NXP Semiconductors from $290.00 to $220.00 and set a “buy” rating for the company in a report on Friday, April 11th. Finally, Arete Research raised NXP Semiconductors to a “strong-buy” rating in a report on Tuesday, March 25th.

NXP Semiconductors Stock Performance

Shares of NXPI opened at $232.74 on Thursday. The company has a current ratio of 2.09, a quick ratio of 1.47 and a debt-to-equity ratio of 1.10. The firm has a market cap of $58.80 billion, a PE ratio of 25.35, a price-to-earnings-growth ratio of 2.89 and a beta of 1.40. The company’s 50 day simple moving average is $205.65 and its 200-day simple moving average is $204.89. NXP Semiconductors has a 12-month low of $148.09 and a 12-month high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.59 by $0.05. The business had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.83 billion. NXP Semiconductors had a net margin of 19.16% and a return on equity of 29.62%. The company’s revenue for the quarter was down 9.3% compared to the same quarter last year. During the same period last year, the firm posted $3.24 earnings per share. As a group, equities analysts predict that NXP Semiconductors will post 10.28 EPS for the current year.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th will be issued a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date is Wednesday, June 25th. NXP Semiconductors’s dividend payout ratio (DPR) is currently 44.23%.

Insider Buying and Selling at NXP Semiconductors

In other news, EVP Jennifer Wuamett sold 9,132 shares of the firm’s stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $230.00, for a total value of $2,100,360.00. Following the completion of the transaction, the executive vice president owned 27,088 shares in the company, valued at $6,230,240. This trade represents a 25.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.12% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Fox Run Management L.L.C. grew its holdings in NXP Semiconductors by 3.3% during the first quarter. Fox Run Management L.L.C. now owns 1,669 shares of the semiconductor provider’s stock worth $317,000 after acquiring an additional 54 shares during the period. AlphaCore Capital LLC grew its holdings in NXP Semiconductors by 3.5% during the first quarter. AlphaCore Capital LLC now owns 1,635 shares of the semiconductor provider’s stock worth $312,000 after acquiring an additional 55 shares during the period. TFB Advisors LLC grew its holdings in NXP Semiconductors by 4.9% during the first quarter. TFB Advisors LLC now owns 1,203 shares of the semiconductor provider’s stock worth $229,000 after acquiring an additional 56 shares during the period. Manchester Capital Management LLC grew its holdings in NXP Semiconductors by 14.7% during the first quarter. Manchester Capital Management LLC now owns 446 shares of the semiconductor provider’s stock worth $85,000 after acquiring an additional 57 shares during the period. Finally, Oregon Public Employees Retirement Fund grew its holdings in NXP Semiconductors by 0.3% during the first quarter. Oregon Public Employees Retirement Fund now owns 21,810 shares of the semiconductor provider’s stock worth $4,145,000 after acquiring an additional 58 shares during the period. Hedge funds and other 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.