NXP Semiconductors (NASDAQ:NXPI) Given Average Recommendation of "Moderate Buy" by Analysts

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the eighteen brokerages that are currently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $246.22.

NXPI has been the subject of a number of analyst reports. Truist Financial raised their price objective on shares of NXP Semiconductors from $245.00 to $258.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Citigroup cut their target price on NXP Semiconductors from $290.00 to $220.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Stifel Nicolaus reduced their target price on NXP Semiconductors from $210.00 to $170.00 and set a "hold" rating for the company in a report on Thursday, April 17th. Morgan Stanley set a $229.00 price target on NXP Semiconductors in a report on Monday, April 21st. Finally, Arete Research raised NXP Semiconductors to a "strong-buy" rating in a research report on Tuesday, March 25th.

NXP Semiconductors Price Performance

Shares of NASDAQ:NXPI opened at $207.68 on Friday. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. The company's fifty day moving average is $187.90 and its 200 day moving average is $205.61. The stock has a market cap of $52.47 billion, a PE ratio of 21.34, a PEG ratio of 3.01 and a beta of 1.39. NXP Semiconductors has a 52 week low of $148.09 and a 52 week high of $296.08.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.59 by $0.05. NXP Semiconductors had a return on equity of 31.45% and a net margin of 19.90%. The business had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter in the prior year, the company earned $3.24 earnings per share. The firm's quarterly revenue was down 9.3% compared to the same quarter last year. Research analysts anticipate that NXP Semiconductors will post 10.28 earnings per share for the current year.

Insider Buying and Selling

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the firm's 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 Securities & Exchange Commission, which is accessible through the SEC website. 0.12% of the stock is currently owned by insiders.

Institutional Investors Weigh In On NXP Semiconductors

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NXPI. Brighton Jones LLC raised its stake in NXP Semiconductors by 20.6% during the 4th quarter. Brighton Jones LLC now owns 1,276 shares of the semiconductor provider's stock worth $265,000 after acquiring an additional 218 shares during the period. Financial Advocates Investment Management raised its position in shares of NXP Semiconductors by 62.4% during the fourth quarter. Financial Advocates Investment Management now owns 2,760 shares of the semiconductor provider's stock valued at $574,000 after buying an additional 1,061 shares during the last quarter. Strategic Financial Concepts LLC bought a new stake in shares of NXP Semiconductors during the fourth quarter valued at approximately $46,000. Sumitomo Mitsui Trust Group Inc. raised its position in shares of NXP Semiconductors by 0.9% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 916,677 shares of the semiconductor provider's stock valued at $190,531,000 after buying an additional 8,153 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of NXP Semiconductors by 1.8% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 28,021 shares of the semiconductor provider's stock valued at $5,824,000 after buying an additional 496 shares during the last quarter. 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.

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