NXP Semiconductors (NASDAQ:NXPI) Receives Average Rating of “Moderate Buy” from Analysts

NXP Semiconductors (NASDAQ:NXPI) has earned a consensus recommendation of “Moderate Buy” from the nineteen brokerages that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $267.00.

Several research firms have weighed in on NXPI. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $250.00 price target on shares of NXP Semiconductors in a research report on Tuesday, February 4th. StockNews.com lowered shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th. Susquehanna decreased their price objective on shares of NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. The Goldman Sachs Group reiterated a “buy” rating on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Finally, Stifel Nicolaus dropped their price objective on NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating on the stock in a research note on Wednesday, February 5th.

NXP Semiconductors Trading Up 5.2 %

Shares of NASDAQ:NXPI opened at $211.12 on Tuesday. The stock has a market capitalization of $53.54 billion, a PE ratio of 21.70, a price-to-earnings-growth ratio of 3.01 and a beta of 1.47. The company’s 50-day moving average price is $215.54 and its two-hundred day moving average price is $222.68. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. NXP Semiconductors has a one year low of $196.95 and a one year high of $296.08.

NXP Semiconductors Dividend Announcement

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

Insider Activity at NXP Semiconductors

In related news, COO Andrew Micallef sold 1,000 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $204.86, for a total transaction of $204,860.00. Following the sale, the chief operating officer now owns 8,828 shares in the company, valued at approximately $1,808,504.08. This trade represents a 10.18 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.11% of the stock is owned by insiders.

Institutional Investors Weigh In On NXP Semiconductors

A number of large investors have recently modified their holdings of NXPI. FMR LLC lifted its position in shares of NXP Semiconductors by 0.3% during the 4th quarter. FMR LLC now owns 25,084,729 shares of the semiconductor provider’s stock worth $5,213,861,000 after buying an additional 86,716 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of NXP Semiconductors by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 13,322,338 shares of the semiconductor provider’s stock worth $2,769,048,000 after acquiring an additional 99,667 shares during the last quarter. State Street Corp boosted its stake in shares of NXP Semiconductors by 1.3% in the 3rd quarter. State Street Corp now owns 10,675,415 shares of the semiconductor provider’s stock valued at $2,572,694,000 after purchasing an additional 139,641 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of NXP Semiconductors by 1.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 8,046,230 shares of the semiconductor provider’s stock valued at $1,672,409,000 after purchasing an additional 144,391 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in NXP Semiconductors by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 5,242,415 shares of the semiconductor provider’s stock worth $1,088,094,000 after purchasing an additional 96,483 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

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.