NXP Semiconductors (NASDAQ:NXPI) Receives Average Rating of “Moderate Buy” from Analysts

Shares of NXP Semiconductors (NASDAQ:NXPI) have been given a consensus recommendation of “Moderate Buy” by the twenty analysts that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $267.00.

NXPI has been the subject of a number of research analyst reports. Citigroup raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and upped their price target for the stock from $210.00 to $290.00 in a research note on Thursday, February 20th. Truist Financial upped their target price on NXP Semiconductors from $245.00 to $258.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Mizuho lifted their price target on NXP Semiconductors from $240.00 to $255.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. Susquehanna cut their price objective on NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Finally, JPMorgan Chase & Co. decreased their target price on NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th.

NXP Semiconductors Stock Performance

NXPI stock opened at $190.06 on Tuesday. The company has a 50-day simple moving average of $214.17 and a 200 day simple moving average of $221.68. The company has a market capitalization of $48.20 billion, a P/E ratio of 19.53, a PEG ratio of 3.01 and a beta of 1.47. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. NXP Semiconductors has a fifty-two week low of $183.56 and a fifty-two week high of $296.08.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th will be given a $1.014 dividend. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $4.06 annualized dividend and a dividend yield of 2.13%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 41.62%.

Insider Activity

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $204.86, for a total transaction of $204,860.00. Following the completion of the sale, the chief operating officer now directly owns 8,828 shares in the company, valued at approximately $1,808,504.08. This trade represents a 10.18 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.11% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On NXP Semiconductors

A number of large investors have recently made changes to their positions in NXPI. Avior Wealth Management LLC increased its stake in NXP Semiconductors by 182.1% in the 3rd quarter. Avior Wealth Management LLC now owns 220 shares of the semiconductor provider’s stock valued at $53,000 after buying an additional 142 shares during the period. Nicolet Advisory Services LLC grew its holdings in shares of NXP Semiconductors by 102.8% during the 3rd quarter. Nicolet Advisory Services LLC now owns 1,474 shares of the semiconductor provider’s stock valued at $344,000 after acquiring an additional 747 shares in the last quarter. Great Valley Advisor Group Inc. increased its stake in shares of NXP Semiconductors by 14.2% in the third quarter. Great Valley Advisor Group Inc. now owns 2,496 shares of the semiconductor provider’s stock worth $599,000 after acquiring an additional 311 shares during the last quarter. Cerity Partners LLC raised its holdings in shares of NXP Semiconductors by 21.3% during the third quarter. Cerity Partners LLC now owns 35,132 shares of the semiconductor provider’s stock worth $8,432,000 after acquiring an additional 6,164 shares in the last quarter. Finally, Kingsview Wealth Management LLC boosted its position in NXP Semiconductors by 26.1% during the third quarter. Kingsview Wealth Management LLC now owns 2,011 shares of the semiconductor provider’s stock valued at $483,000 after purchasing an additional 416 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.