NXP Semiconductors (NASDAQ:NXPI) Given Consensus Recommendation of "Moderate Buy" by Brokerages

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

Several research analysts recently weighed in on the stock. UBS Group reduced their price objective on shares of NXP Semiconductors from $265.00 to $250.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. StockNews.com lowered NXP Semiconductors from a "buy" rating to a "hold" rating in a research report on Wednesday, January 29th. The Goldman Sachs Group reiterated a "buy" rating on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Citigroup decreased their price objective on NXP Semiconductors from $290.00 to $220.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $250.00 price target on shares of NXP Semiconductors in a research report on Tuesday, February 4th.

NXP Semiconductors Stock Performance

NXP Semiconductors stock opened at $212.40 on Wednesday. The company has a market cap of $53.66 billion, a PE ratio of 21.83, a PEG ratio of 3.01 and a beta of 1.38. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. NXP Semiconductors has a 1 year low of $148.09 and a 1 year high of $296.08. The company's 50-day moving average is $188.63 and its two-hundred day moving average is $209.25.

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

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th were paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date was Wednesday, March 19th. NXP Semiconductors's dividend payout ratio (DPR) is presently 44.12%.

Insider Activity at NXP Semiconductors

In related news, COO Andrew Micallef sold 1,000 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $204.86, for a total value 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 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. 0.11% of the stock is owned by company insiders.

Institutional Investors Weigh In On NXP Semiconductors

A number of large investors have recently added to or reduced their stakes in NXPI. Norges Bank bought a new stake in NXP Semiconductors in the 4th quarter valued at $672,224,000. Nuveen LLC bought a new position in NXP Semiconductors during the 1st quarter worth $219,878,000. Van ECK Associates Corp increased its position in NXP Semiconductors by 27.1% during the 4th quarter. Van ECK Associates Corp now owns 3,865,446 shares of the semiconductor provider's stock worth $803,432,000 after buying an additional 824,317 shares during the period. Voloridge Investment Management LLC increased its position in NXP Semiconductors by 131.4% during the 4th 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 during the period. Finally, GAMMA Investing LLC increased its position in NXP Semiconductors by 26,732.0% during the 1st quarter. GAMMA Investing LLC now owns 583,864 shares of the semiconductor provider's stock worth $110,969,000 after buying an additional 581,688 shares during the period. 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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