NXP Semiconductors (NASDAQ:NXPI) Given Consensus Rating of "Moderate Buy" by Analysts

Shares of NXP Semiconductors (NASDAQ:NXPI - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the seventeen analysts that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $239.58.

NXPI has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their price objective on NXP Semiconductors from $220.00 to $240.00 and gave the company a "neutral" rating in a research report on Wednesday, February 7th. Morgan Stanley boosted their price objective on NXP Semiconductors from $221.00 to $224.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 7th. TD Cowen boosted their price objective on NXP Semiconductors from $270.00 to $300.00 and gave the company an "outperform" rating in a research report on Tuesday, March 12th. Mizuho boosted their target price on NXP Semiconductors from $220.00 to $225.00 and gave the company a "neutral" rating in a research note on Wednesday, February 7th. Finally, Stifel Nicolaus boosted their target price on NXP Semiconductors from $190.00 to $210.00 and gave the company a "hold" rating in a research note on Tuesday, January 2nd.

Hedge Funds Weigh In On NXP Semiconductors

Large investors have recently modified their holdings of the stock. Assenagon Asset Management S.A. raised its position in shares of NXP Semiconductors by 46.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 89,297 shares of the semiconductor provider's stock worth $20,510,000 after purchasing an additional 28,518 shares during the last quarter. Invera Wealth Advisors LLC purchased a new position in shares of NXP Semiconductors in the 4th quarter worth about $1,786,000. Kentucky Retirement Systems purchased a new position in shares of NXP Semiconductors in the 3rd quarter worth about $4,272,000. Raymond James Financial Services Advisors Inc. raised its position in shares of NXP Semiconductors by 3.4% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 593,264 shares of the semiconductor provider's stock worth $118,605,000 after purchasing an additional 19,554 shares during the last quarter. Finally, Qube Research & Technologies Ltd purchased a new position in shares of NXP Semiconductors in the 3rd quarter worth about $16,920,000. Hedge funds and other institutional investors own 90.54% of the company's stock.

NXP Semiconductors Price Performance

NASDAQ:NXPI traded up $6.91 during mid-day trading on Tuesday, reaching $251.83. The stock had a trading volume of 1,706,170 shares, compared to its average volume of 2,332,627. The firm has a 50 day moving average price of $239.87 and a two-hundred day moving average price of $217.02. The stock has a market capitalization of $64.58 billion, a P/E ratio of 23.51, a P/E/G ratio of 0.91 and a beta of 1.59. NXP Semiconductors has a one year low of $155.31 and a one year high of $264.26. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.39 and a current ratio of 1.91.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced its quarterly earnings data on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share for the quarter, beating the consensus estimate of $3.33 by $0.04. NXP Semiconductors had a return on equity of 38.94% and a net margin of 21.07%. The firm had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.40 billion. As a group, analysts expect that NXP Semiconductors will post 12.28 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 10th. Stockholders of record on Thursday, March 21st will be given a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.61%. The ex-dividend date is Wednesday, March 20th. NXP Semiconductors's dividend payout ratio is presently 37.91%.

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.