Analysts Set NXP Semiconductors N.V. (NASDAQ:NXPI) PT at $295.92

Shares of NXP Semiconductors N.V. (NASDAQ:NXPI) have received an average recommendation of “Moderate Buy” from the twenty-seven ratings firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, eighteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $300.0833.

A number of analysts recently weighed in on the stock. Wolfe Research upped their price target on shares of NXP Semiconductors from $270.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Bank of America reaffirmed a “neutral” rating and set a $230.00 price target (down from $245.00) on shares of NXP Semiconductors in a research report on Monday, April 13th. Susquehanna raised their target price on NXP Semiconductors from $210.00 to $250.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. TD Cowen increased their price target on NXP Semiconductors from $250.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Finally, Raymond James Financial upped their target price on NXP Semiconductors from $250.00 to $300.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $315.57, for a total transaction of $315,570.00. Following the sale, the executive vice president directly owned 8,942 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which is available at 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 NXP Semiconductors stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $316.53, for a total transaction of $552,661.38. Following the completion of the transaction, the executive vice president directly owned 3,643 shares of the company’s stock, valued at $1,153,118.79. This trade represents a 32.40% 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. Insiders sold a total of 12,611 shares of company stock valued at $3,182,068 over the last three months. 0.05% of the stock is owned by insiders.

Institutional Investors Weigh In On NXP Semiconductors

Several large investors have recently added to or reduced their stakes in the stock. JPL Wealth Management LLC acquired a new position in NXP Semiconductors during the 3rd quarter valued at about $26,000. SHP Wealth Management acquired a new position in NXP Semiconductors during the 4th quarter valued at about $27,000. Acumen Wealth Advisors LLC acquired a new position in NXP Semiconductors during the 4th quarter valued at about $28,000. Jessup Wealth Management Inc acquired a new position in NXP Semiconductors during the 4th quarter valued at about $29,000. Finally, Wexford Capital LP acquired a new position in NXP Semiconductors during the 3rd quarter valued at about $31,000. 90.54% of the stock is owned by institutional investors and hedge funds.

NXP Semiconductors Trading Down 2.2%

Shares of NXP Semiconductors stock opened at $293.43 on Thursday. The business has a 50 day moving average price of $287.80 and a 200 day moving average price of $244.33. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.24 and a quick ratio of 1.55. The company has a market capitalization of $74.08 billion, a P/E ratio of 28.08, a P/E/G ratio of 1.08 and a beta of 1.77. NXP Semiconductors has a 1 year low of $183.00 and a 1 year high of $339.95.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share for the quarter, beating the consensus estimate of $2.98 by $0.07. NXP Semiconductors had a return on equity of 26.75% and a net margin of 21.03%.The company had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.14 billion. During the same period in the previous year, the firm posted $2.64 EPS. NXP Semiconductors’s revenue was up 12.2% on a year-over-year basis. Sell-side analysts anticipate that NXP Semiconductors will post 13.4 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Wednesday, June 24th will be paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Wednesday, June 24th. NXP Semiconductors’s dividend payout ratio (DPR) is 38.85%.

About NXP Semiconductors

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.