The Goldman Sachs Group Initiates Coverage on NXP Semiconductors (NASDAQ:NXPI)

The Goldman Sachs Group initiated coverage on shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) in a research note released on Thursday morning, MarketBeat.com reports. The firm issued a buy rating and a $276.00 price objective on the semiconductor provider's stock.

Other equities research analysts have also recently issued reports about the stock. Citigroup raised their price target on shares of NXP Semiconductors from $210.00 to $275.00 and gave the stock a "buy" rating in a report on Monday. Needham & Company LLC dropped their price objective on shares of NXP Semiconductors from $230.00 to $225.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. Barclays dropped their price objective on shares of NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. UBS Group raised their price objective on shares of NXP Semiconductors from $250.00 to $276.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Finally, Arete Research raised shares of NXP Semiconductors to a "strong-buy" rating in a research note on Tuesday, March 25th. Four analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $251.63.

NXP Semiconductors Stock Down 1.5%

NASDAQ:NXPI traded down $3.49 during trading hours on Thursday, reaching $229.70. The company had a trading volume of 910,390 shares, compared to its average volume of 3,036,845. The company has a quick ratio of 1.47, a current ratio of 2.09 and a debt-to-equity ratio of 1.10. The firm has a market cap of $58.03 billion, a price-to-earnings ratio of 25.02, a P/E/G ratio of 2.87 and a beta of 1.40. The business's 50-day simple moving average is $209.19 and its two-hundred day simple moving average is $205.48. NXP Semiconductors has a twelve month low of $148.09 and a twelve month high of $296.08.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its quarterly 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. The business had revenue of $2.84 billion during the quarter, compared to analysts' expectations of $2.83 billion. NXP Semiconductors had a net margin of 19.16% and a return on equity of 29.62%. The business's quarterly revenue was down 9.3% on a year-over-year basis. During the same period last year, the company posted $3.24 earnings per share. On average, equities analysts expect that NXP Semiconductors will post 10.28 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Wednesday, June 25th were issued a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, June 25th. This represents a $4.06 dividend on an annualized basis and a yield of 1.77%. NXP Semiconductors's dividend payout ratio (DPR) is presently 44.12%.

Insider Transactions at NXP Semiconductors

In related news, EVP Jennifer Wuamett sold 9,132 shares of the firm's stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $230.00, for a total transaction of $2,100,360.00. Following the completion of the sale, the executive vice president owned 27,088 shares in the company, valued at approximately $6,230,240. This trade represents a 25.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.12% of the company's stock.

Institutional Trading of NXP Semiconductors

Large investors have recently added to or reduced their stakes in the stock. Sowell Financial Services LLC purchased a new stake in NXP Semiconductors during the first quarter worth about $320,000. Dynamic Advisor Solutions LLC increased its stake in shares of NXP Semiconductors by 15.2% in the first quarter. Dynamic Advisor Solutions LLC now owns 5,281 shares of the semiconductor provider's stock worth $1,004,000 after purchasing an additional 698 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of NXP Semiconductors by 133.5% in the first quarter. Farther Finance Advisors LLC now owns 2,153 shares of the semiconductor provider's stock worth $409,000 after purchasing an additional 1,231 shares in the last quarter. BDF Gestion purchased a new position in shares of NXP Semiconductors in the first quarter worth about $1,152,000. Finally, Spire Wealth Management increased its stake in shares of NXP Semiconductors by 34.4% in the first quarter. Spire Wealth Management now owns 1,267 shares of the semiconductor provider's stock worth $241,000 after purchasing an additional 324 shares in the last quarter. Hedge funds and other institutional investors 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.