NXP Semiconductors (NASDAQ:NXPI) Coverage Initiated at Loop Capital

Loop Capital started coverage on shares of NXP Semiconductors (NASDAQ:NXPI) in a research report released on Monday morning, Marketbeat.com reports. The brokerage issued a buy rating and a $300.00 target price on the semiconductor provider’s stock.

A number of other equities analysts have also commented on the stock. UBS Group lowered their price target on shares of NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Needham & Company LLC dropped their price target on shares of NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Morgan Stanley cut their price target on NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 6th. Stifel Nicolaus lowered their price objective on NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating on the stock in a research note on Thursday, October 17th. Finally, Citigroup upped their target price on NXP Semiconductors from $150.00 to $220.00 and gave the company a “sell” rating in a research report on Monday, July 15th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $276.76.

NXP Semiconductors Stock Performance

Shares of NXPI stock opened at $223.96 on Monday. NXP Semiconductors has a 52 week low of $196.43 and a 52 week high of $296.08. The company has a market capitalization of $56.92 billion, a price-to-earnings ratio of 21.37, a PEG ratio of 4.27 and a beta of 1.49. The company has a 50-day simple moving average of $234.59 and a 200 day simple moving average of $253.08. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.60 and a current ratio of 2.35.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, topping the consensus estimate of $3.43 by $0.02. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The business had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.25 billion. During the same period last year, the firm posted $3.31 EPS. The firm’s revenue for the quarter was down 5.4% compared to the same quarter last year. On average, sell-side analysts predict that NXP Semiconductors will post 11.43 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th were paid a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.81%. The ex-dividend date was Thursday, September 12th. NXP Semiconductors’s dividend payout ratio is currently 38.74%.

Insider Activity at NXP Semiconductors

In other news, EVP Jennifer Wuamett sold 3,500 shares of NXP Semiconductors stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total transaction of $813,225.00. Following the transaction, the executive vice president now owns 30,269 shares in the company, valued at approximately $7,033,002.15. The trade was a 10.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.11% of the stock is owned by company insiders.

Hedge Funds Weigh In On NXP Semiconductors

Hedge funds have recently made changes to their positions in the stock. Kestra Investment Management LLC acquired a new stake in NXP Semiconductors during the 3rd quarter valued at approximately $202,000. FSA Wealth Management LLC acquired a new stake in shares of NXP Semiconductors during the third quarter worth $33,000. B&L Asset Management LLC bought a new position in NXP Semiconductors during the third quarter worth $5,119,000. Southpoint Capital Advisors LP acquired a new position in NXP Semiconductors in the third quarter valued at $48,002,000. Finally, Captrust Financial Advisors boosted its position in NXP Semiconductors by 1.4% during the third quarter. Captrust Financial Advisors now owns 19,014 shares of the semiconductor provider’s stock valued at $4,564,000 after acquiring an additional 266 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors.

NXP Semiconductors Company Profile

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.