NXP Semiconductors (NASDAQ:NXPI) Stock Breaks Above 200 Day Moving Average - Here's Why

Key Points

• NXP Semiconductors shares rose 4.6% and moved above their 200-day moving average of $245.72, trading as high as $249.72.
• The company beat quarterly expectations, reporting $3.61 in EPS and $3.50 billion in revenue, with revenue up 19.5% year over year.
• Analysts maintain a consensus “Moderate Buy” rating, with an average price target of $302.30; NXP also pays a $4.06 annualized dividend, yielding approximately 1.6%.

NXP Semiconductors N.V. (NASDAQ:NXPI - Get Free Report) passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $245.72 and traded as high as $249.72. NXP Semiconductors shares last traded at $245.83, with a volume of 4,416,402 shares traded.

Wall Street Analysts Forecast Growth

NXPI has been the subject of a number of research analyst reports. Susquehanna raised their price target on NXP Semiconductors from $210.00 to $250.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 21st. Oppenheimer boosted their price objective on NXP Semiconductors from $300.00 to $325.00 and gave the company an "outperform" rating in a report on Friday, July 24th. Morgan Stanley upped their price objective on NXP Semiconductors from $335.00 to $338.00 and gave the company an "overweight" rating in a research report on Wednesday, July 29th. Sanford C. Bernstein reiterated a "market perform" rating and issued a $290.00 target price (up from $270.00) on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Finally, Wall Street Zen downgraded NXP Semiconductors from a "buy" rating to a "hold" rating in a research report on Saturday, October 17th. Sixteen research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $302.30.

NXP Semiconductors Stock Up 4.6%

The firm has a market cap of $61.99 billion, a P/E ratio of 20.98, a P/E/G ratio of 0.80 and a beta of 1.80. The company has a current ratio of 2.04, a quick ratio of 1.36 and a debt-to-equity ratio of 0.88. The business has a 50-day moving average price of $230.34 and a 200-day moving average price of $245.72.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share for the quarter, beating the consensus estimate of $3.52 by $0.09. The firm had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.47 billion. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%. The firm's quarterly revenue was up 19.5% on a year-over-year basis. During the same period in the previous year, the company posted $2.72 earnings per share. On average, equities analysts forecast that NXP Semiconductors N.V. will post 13.75 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Wednesday, September 16th were issued a $1.0140 dividend. The ex-dividend date was Wednesday, September 16th. This represents a $4.06 annualized dividend and a dividend yield of 1.6%. NXP Semiconductors's payout ratio is currently 34.64%.

Insider Activity at NXP Semiconductors

In other news, EVP Christopher Jensen sold 3,355 shares of the stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $240.00, for a total transaction of $805,200.00. Following the transaction, the executive vice president directly owned 288 shares in the company, valued at approximately $69,120. This trade represents a 92.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $226.04, for a total transaction of $226,040.00. Following the transaction, the executive vice president owned 7,942 shares in the company, valued at approximately $1,795,209.68. This represents a 11.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is currently owned by corporate insiders.

Institutional Trading of NXP Semiconductors

Several hedge funds and other institutional investors have recently bought and sold shares of NXPI. SYM FINANCIAL Corp purchased a new position in shares of NXP Semiconductors in the 3rd quarter worth approximately $411,000. Angeles Wealth Management LLC acquired a new stake in NXP Semiconductors in the third quarter valued at approximately $211,000. Ashton Thomas Securities LLC acquired a new stake in NXP Semiconductors in the third quarter valued at approximately $201,000. Pflug Koory LLC purchased a new position in NXP Semiconductors in the third quarter worth $729,000. Finally, Total Clarity Wealth Management Inc. purchased a new position in NXP Semiconductors in the third quarter worth $302,000. Institutional investors own 90.54% of the company's stock.

About NXP Semiconductors

NXP Semiconductors N.V. is a global semiconductor company that develops technologies for automotive, industrial, communications infrastructure, mobile, and Internet of Things applications. The company provides processing, connectivity, security, sensing, and power-management solutions that help enable connected and automated systems.

Its product portfolio includes microcontrollers and application processors, automotive networking and radar solutions, secure identification and authentication technologies, near-field communication products, radio-frequency power amplifiers, analog and mixed-signal devices, and wireless connectivity solutions.

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