Analysts Set NXP Semiconductors N.V. (NASDAQ:NXPI) PT at $246.22

NXP Semiconductors N.V. (NASDAQ:NXPI - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the eighteen ratings firms that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation, fourteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $246.22.

A number of research analysts recently commented on NXPI shares. Evercore ISI reaffirmed an "outperform" rating and issued a $289.00 price target (up previously from $237.00) on shares of NXP Semiconductors in a report on Thursday, June 12th. Stifel Nicolaus lowered their price target on shares of NXP Semiconductors from $210.00 to $170.00 and set a "hold" rating for the company in a report on Thursday, April 17th. TD Cowen increased their price target on shares of NXP Semiconductors from $185.00 to $210.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Needham & Company LLC lowered their price target on shares of NXP Semiconductors from $230.00 to $225.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. Finally, Wells Fargo & Company increased their price target on shares of NXP Semiconductors from $240.00 to $250.00 and gave the company an "overweight" rating in a report on Monday, June 16th.

NXP Semiconductors Price Performance

Shares of NXPI traded up $1.59 during midday trading on Thursday, hitting $232.74. 1,299,390 shares of the company traded hands, compared to its average volume of 2,753,622. The firm has a 50 day moving average of $205.65 and a 200-day moving average of $204.93. NXP Semiconductors has a 52 week low of $148.09 and a 52 week high of $296.08. The stock has a market cap of $58.80 billion, a price-to-earnings ratio of 25.35, a PEG ratio of 2.89 and a beta of 1.40. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.47 and a current ratio of 2.09.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The semiconductor provider reported $2.64 EPS for the quarter, beating the consensus estimate of $2.59 by $0.05. NXP Semiconductors had a net margin of 19.16% and a return on equity of 29.62%. 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 firm earned $3.24 EPS. The business's revenue was down 9.3% on a year-over-year basis. On average, analysts forecast that NXP Semiconductors will post 10.28 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 25th will be given a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date is Wednesday, June 25th. NXP Semiconductors's dividend payout ratio (DPR) is presently 44.23%.

Insider Activity at NXP Semiconductors

In other news, EVP Jennifer Wuamett sold 9,132 shares of the firm's stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 27,088 shares of the company's stock, valued at approximately $6,230,240. This trade represents a 25.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.12% of the company's stock.

Hedge Funds Weigh In On NXP Semiconductors

A number of institutional investors have recently modified their holdings of NXPI. Norges Bank purchased a new position in shares of NXP Semiconductors during the fourth quarter worth approximately $672,224,000. Wellington Management Group LLP increased its holdings in NXP Semiconductors by 11.7% during the first quarter. Wellington Management Group LLP now owns 12,731,044 shares of the semiconductor provider's stock valued at $2,419,662,000 after buying an additional 1,330,474 shares during the period. Nuveen LLC purchased a new position in NXP Semiconductors during the first quarter valued at approximately $219,878,000. Price T Rowe Associates Inc. MD increased its holdings in NXP Semiconductors by 33.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,342,675 shares of the semiconductor provider's stock valued at $635,310,000 after buying an additional 839,113 shares during the period. Finally, Voloridge Investment Management LLC increased its holdings in NXP Semiconductors by 131.4% during the fourth quarter. Voloridge Investment Management LLC now owns 1,025,517 shares of the semiconductor provider's stock valued at $213,154,000 after buying an additional 582,317 shares during the period. 90.54% of the stock is owned by hedge funds and other institutional investors.

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.