NXP Semiconductors (NASDAQ:NXPI) Coverage Initiated by Analysts at The Goldman Sachs Group

The Goldman Sachs Group assumed coverage on shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) in a report published on Thursday, Marketbeat.com reports. The firm issued a buy rating and a $276.00 price target on the semiconductor provider's stock.

A number of other equities research analysts have also recently commented on the company. TD Cowen increased their target price on NXP Semiconductors from $185.00 to $210.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Needham & Company LLC lowered their price target on NXP Semiconductors from $230.00 to $225.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. Morgan Stanley set a $229.00 price target on NXP Semiconductors in a report on Monday, April 21st. UBS Group upped their price target on NXP Semiconductors from $250.00 to $276.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Finally, Barclays lowered their price target on NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Four research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $251.63.

NXP Semiconductors Stock Up 1.2%

NXP Semiconductors stock traded up $2.77 during mid-day trading on Thursday, hitting $233.19. The company had a trading volume of 1,948,099 shares, compared to its average volume of 2,768,303. NXP Semiconductors has a 12 month low of $148.09 and a 12 month high of $296.08. The company has a market capitalization of $58.91 billion, a PE ratio of 25.40, a price-to-earnings-growth ratio of 2.87 and a beta of 1.40. The stock's 50 day moving average price is $208.17 and its two-hundred day moving average price is $205.35. The company has a current ratio of 2.09, a quick ratio of 1.47 and a debt-to-equity ratio of 1.10.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its earnings results on Monday, April 28th. The semiconductor provider reported $2.64 EPS for the quarter, topping analysts' consensus estimates of $2.59 by $0.05. NXP Semiconductors had a return on equity of 29.62% and a net margin of 19.16%. The firm had revenue of $2.84 billion for the quarter, compared to analysts' expectations of $2.83 billion. During the same period in the prior year, the firm posted $3.24 earnings per share. The company's quarterly revenue was down 9.3% on a year-over-year basis. As a group, sell-side analysts anticipate that NXP Semiconductors will post 10.28 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 25th were given a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.74%. The ex-dividend date was Wednesday, June 25th. NXP Semiconductors's payout ratio is currently 44.23%.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 9,132 shares of the company's stock in a transaction dated 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 sale, the executive vice president owned 27,088 shares in the company, valued at $6,230,240. This 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 this hyperlink. 0.12% of the stock is owned by insiders.

Institutional Trading of NXP Semiconductors

A number of hedge funds and other institutional investors have recently bought and sold shares of NXPI. Norges Bank purchased a new stake in NXP Semiconductors in the fourth quarter worth about $672,224,000. Wellington Management Group LLP increased its position in NXP Semiconductors by 11.7% in the first quarter. Wellington Management Group LLP now owns 12,731,044 shares of the semiconductor provider's stock worth $2,419,662,000 after buying an additional 1,330,474 shares in the last quarter. Nuveen LLC purchased a new stake in NXP Semiconductors in the first quarter worth about $219,878,000. Price T Rowe Associates Inc. MD increased its position in NXP Semiconductors by 33.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,342,675 shares of the semiconductor provider's stock worth $635,310,000 after buying an additional 839,113 shares in the last quarter. Finally, Voloridge Investment Management LLC increased its position in NXP Semiconductors by 131.4% in the fourth quarter. Voloridge Investment Management LLC now owns 1,025,517 shares of the semiconductor provider's stock worth $213,154,000 after buying an additional 582,317 shares in the last quarter. 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.