NXP Semiconductors N.V. (NASDAQ:NXPI) Stock Has Consensus Target Price of $305.65 According to Analysts

Key Points

• Analysts maintain a “Moderate Buy” consensus on NXP Semiconductors, with 16 buy, 9 hold, and 1 sell rating. The average 12-month price target is $305.65, above the reported $238.08 share price.
• NXP exceeded quarterly expectations, reporting $3.61 in EPS versus a $3.52 estimate and $3.50 billion in revenue versus $3.47 billion expected; revenue increased 19.5% year over year.
• The company declared a quarterly dividend of $1.014, equivalent to a $4.06 annualized payout and 1.7% yield. Institutional investors own approximately 90.54% of the stock.

Shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the twenty-six analysts that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and sixteen have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $305.65.

Several research analysts have recently issued reports on NXPI shares. Needham & Company LLC reaffirmed a "buy" rating and issued a $300.00 price objective on shares of NXP Semiconductors in a research note on Wednesday, July 29th. TD Cowen cut their target price on shares of NXP Semiconductors from $340.00 to $290.00 and set a "buy" rating on the stock in a research report on Wednesday, July 29th. UBS Group reissued a "neutral" rating and set a $270.00 target price (down from $305.00) on shares of NXP Semiconductors in a report on Monday, August 3rd. Oppenheimer upped their price target on shares of NXP Semiconductors from $300.00 to $325.00 and gave the company an "outperform" rating in a research report on Friday, July 24th. Finally, Sanford C. Bernstein reaffirmed a "market perform" rating and set a $290.00 price target (up from $270.00) on shares of NXP Semiconductors in a research note on Wednesday, July 29th.

NXP Semiconductors Stock Up 3.4%

NXPI stock opened at $238.08 on Friday. The firm has a 50-day moving average price of $235.27 and a 200-day moving average price of $251.92. NXP Semiconductors has a 12 month low of $183.00 and a 12 month high of $339.95. The company has a current ratio of 2.04, a quick ratio of 1.36 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $60.03 billion, a P/E ratio of 20.31, a price-to-earnings-growth ratio of 0.78 and a beta of 1.81.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share for the quarter, topping analysts' consensus estimates of $3.52 by $0.09. The firm had revenue of $3.50 billion for the quarter, compared to analysts' expectations of $3.47 billion. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. The company's revenue was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.72 earnings per share. As a group, equities research analysts anticipate that NXP Semiconductors will post 13.73 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Wednesday, September 16th will be issued a $1.0140 dividend. The ex-dividend date is Wednesday, September 16th. This represents a $4.06 annualized dividend and a dividend yield of 1.7%. NXP Semiconductors's dividend payout ratio (DPR) is currently 34.64%.

Insider Buying and Selling

In related news, EVP Andrew Micallef sold 1,000 shares of the company's stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $226.04, for a total transaction of $226,040.00. Following the completion of the sale, the executive vice president directly owned 7,942 shares in the company, valued at $1,795,209.68. This represents a 11.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On NXP Semiconductors

Hedge funds and other institutional investors have recently made changes to their positions in the business. SHP Wealth Management purchased a new stake in NXP Semiconductors during the 4th quarter valued at approximately $27,000. Allied Private Wealth LLC purchased a new position in shares of NXP Semiconductors in the second quarter worth $28,000. Fiduciary Financial Advisors bought a new position in shares of NXP Semiconductors during the second quarter worth $28,000. Bell Investment Advisors Inc bought a new position in shares of NXP Semiconductors during the second quarter worth $29,000. Finally, Midwest Professional Planners LTD. purchased a new position in NXP Semiconductors during the second quarter valued at $29,000. Hedge funds and other institutional investors own 90.54% of the company's stock.

NXP Semiconductors Company Profile

NXP Semiconductors N.V. NASDAQ: NXPI is a global semiconductor company headquartered in Eindhoven, the Netherlands. The company develops and sells high-performance mixed-signal and standard semiconductor products used in automotive, industrial, communications infrastructure, mobile, and consumer applications.

Its product portfolio includes microcontrollers and application processors, automotive networking and radar solutions, connectivity chips, analog and interface devices, radio-frequency power products, and security technologies.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.