NXP Semiconductors N.V. (NASDAQ:NXPI) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Analysts remain broadly positive: NXP Semiconductors has a “Moderate Buy” consensus from 26 analysts, with 16 buy, nine hold, and one sell rating. The average 12-month price target is approximately $305.43.
• Quarterly results exceeded expectations: NXP reported $3.61 in EPS and $3.50 billion in revenue, surpassing estimates and representing 19.5% year-over-year revenue growth.
• Institutional ownership is high, while insiders sold shares: Institutions own 90.54% of the stock, whereas two executives sold shares through pre-arranged Rule 10b5-1 plans. NXP also pays a quarterly dividend of $1.014, yielding about 1.7% annually.

NXP Semiconductors N.V. (NASDAQ:NXPI - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the twenty-six analysts that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and sixteen have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $305.4348.

Several analysts have commented on NXPI shares. TD Cowen decreased their price target on shares of NXP Semiconductors from $340.00 to $290.00 and set a "buy" rating on the stock in a research note on Wednesday, July 29th. Stifel Nicolaus set a $282.00 price target on NXP Semiconductors in a report on Wednesday, July 29th. Evercore increased their target price on NXP Semiconductors from $260.00 to $320.00 and gave the company an "outperform" rating in a research report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of NXP Semiconductors in a research report on Wednesday, April 29th. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $400.00 target price on shares of NXP Semiconductors in a report on Monday, July 27th.

Insider Transactions at NXP Semiconductors

In other news, EVP Andrew Micallef sold 1,000 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $315.57, for a total value of $315,570.00. Following the sale, the executive vice president directly owned 8,942 shares in the company, valued at approximately $2,821,826.94. This represents a 10.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 1,746 shares of the business's stock in a transaction on Monday, June 1st. The shares were sold at an average price of $316.53, for a total value of $552,661.38. Following the transaction, the executive vice president owned 3,643 shares of the company's stock, valued at approximately $1,153,118.79. The trade was a 32.40% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.05% of the company's stock.

Institutional Trading of NXP Semiconductors

Institutional investors and hedge funds have recently made changes to their positions in the business. JPL Wealth Management LLC bought a new position in shares of NXP Semiconductors in the third quarter worth about $26,000. SHP Wealth Management bought a new stake in NXP Semiconductors during the 4th quarter valued at about $27,000. Allied Private Wealth LLC bought a new stake in NXP Semiconductors during the 2nd quarter valued at about $28,000. Acumen Wealth Advisors LLC purchased a new stake in NXP Semiconductors in the 4th quarter valued at about $28,000. Finally, Jessup Wealth Management Inc purchased a new stake in NXP Semiconductors in the 4th quarter valued at about $29,000. 90.54% of the stock is currently owned by institutional investors.

NXP Semiconductors Stock Up 0.3%

Shares of NXPI opened at $231.78 on Friday. The business's 50 day moving average is $282.80 and its 200 day moving average is $252.62. The company has a current ratio of 2.04, a quick ratio of 1.36 and a debt-to-equity ratio of 0.88. NXP Semiconductors has a 12-month low of $183.00 and a 12-month high of $339.95. The company has a market capitalization of $58.45 billion, a PE ratio of 19.78, a price-to-earnings-growth ratio of 0.79 and a beta of 1.81.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.52 by $0.09. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. The business had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.47 billion. During the same period last year, the firm posted $2.72 EPS. The company's revenue was up 19.5% on a year-over-year basis. Research analysts expect that NXP Semiconductors will post 13.73 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Wednesday, June 24th were issued a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Wednesday, June 24th. NXP Semiconductors's dividend payout ratio (DPR) is 34.64%.

NXP Semiconductors Company Profile

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP's offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.

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