NXP Semiconductors (NASDAQ:NXPI) Now Covered by Analysts at Wells Fargo & Company

Wells Fargo & Company assumed coverage on shares of NXP Semiconductors (NASDAQ:NXPI) in a research report sent to investors on Friday morning, MarketBeat Ratings reports. The brokerage issued an overweight rating and a $250.00 price objective on the semiconductor provider’s stock.

Several other research firms have also recently issued reports on NXPI. Cantor Fitzgerald reissued an “overweight” rating and set a $270.00 target price on shares of NXP Semiconductors in a research note on Monday, November 4th. UBS Group reduced their price objective on shares of NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. TD Cowen decreased their target price on shares of NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. StockNews.com cut shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Finally, Morgan Stanley decreased their price objective on shares of NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $274.14.

NXP Semiconductors Trading Up 0.8 %

Shares of NXPI opened at $226.38 on Friday. NXP Semiconductors has a 12-month low of $198.00 and a 12-month high of $296.08. The firm has a market capitalization of $57.54 billion, a P/E ratio of 21.60, a P/E/G ratio of 4.51 and a beta of 1.49. The firm has a 50-day moving average price of $233.53 and a 200 day moving average price of $251.51. The company has a current ratio of 2.35, a quick ratio of 1.60 and a debt-to-equity ratio of 0.99.

NXP Semiconductors (NASDAQ:NXPI) last posted its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, beating the consensus estimate of $3.43 by $0.02. The company had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.25 billion. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. NXP Semiconductors’s revenue was down 5.4% on a year-over-year basis. During the same period in the previous year, the business posted $3.31 EPS. Sell-side analysts forecast that NXP Semiconductors will post 11.37 EPS for the current year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th will be given a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend is Thursday, December 5th. NXP Semiconductors’s dividend payout ratio is currently 38.74%.

Insider Activity

In other news, EVP Jennifer Wuamett sold 3,500 shares of the firm’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total value of $813,225.00. Following the sale, the executive vice president now directly owns 30,269 shares in the company, valued at approximately $7,033,002.15. This trade represents a 10.36 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.11% of the company’s stock.

Hedge Funds Weigh In On NXP Semiconductors

Institutional investors and hedge funds have recently modified their holdings of the company. Family Firm Inc. acquired a new position in shares of NXP Semiconductors during the 2nd quarter worth about $27,000. Addison Advisors LLC boosted its holdings in NXP Semiconductors by 224.2% in the second quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock valued at $29,000 after purchasing an additional 74 shares in the last quarter. Valley National Advisers Inc. increased its stake in NXP Semiconductors by 71.2% in the second quarter. Valley National Advisers Inc. now owns 125 shares of the semiconductor provider’s stock valued at $33,000 after purchasing an additional 52 shares during the last quarter. FSA Wealth Management LLC acquired a new stake in NXP Semiconductors during the third quarter worth approximately $33,000. Finally, Beacon Capital Management LLC lifted its position in shares of NXP Semiconductors by 36.4% during the 1st quarter. Beacon Capital Management LLC now owns 150 shares of the semiconductor provider’s stock worth $37,000 after buying an additional 40 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

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.