NXP Semiconductors (NASDAQ:NXPI) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

NXP Semiconductors (NASDAQ:NXPI) has received an average recommendation of “Moderate Buy” from the twenty analysts that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $274.14.

Several equities analysts have weighed in on the stock. Truist Financial dropped their target price on shares of NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Needham & Company LLC dropped their price objective on shares of NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. TD Cowen reduced their target price on NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Barclays lowered their target price on NXP Semiconductors from $330.00 to $280.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. Finally, Wells Fargo & Company initiated coverage on NXP Semiconductors in a report on Friday, November 22nd. They issued an “overweight” rating and a $250.00 price target for the company.

Hedge Funds Weigh In On NXP Semiconductors

Hedge funds have recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in NXP Semiconductors by 387.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,294,340 shares of the semiconductor provider’s stock valued at $550,665,000 after acquiring an additional 1,823,650 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of NXP Semiconductors by 67.2% during the 3rd quarter. Van ECK Associates Corp now owns 3,041,129 shares of the semiconductor provider’s stock valued at $718,680,000 after purchasing an additional 1,222,736 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of NXP Semiconductors by 337.2% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 939,924 shares of the semiconductor provider’s stock valued at $225,591,000 after purchasing an additional 724,951 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in NXP Semiconductors by 24,533.2% in the third quarter. International Assets Investment Management LLC now owns 514,341 shares of the semiconductor provider’s stock worth $123,447,000 after purchasing an additional 512,253 shares in the last quarter. Finally, Ceredex Value Advisors LLC acquired a new position in NXP Semiconductors during the third quarter worth $84,901,000. 90.54% of the stock is owned by institutional investors and hedge funds.

NXP Semiconductors Price Performance

Shares of NASDAQ:NXPI opened at $210.24 on Friday. The firm has a market capitalization of $53.43 billion, a price-to-earnings ratio of 20.06, a price-to-earnings-growth ratio of 4.37 and a beta of 1.46. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.35 and a quick ratio of 1.60. The business’s 50 day simple moving average is $227.92 and its 200-day simple moving average is $244.59. NXP Semiconductors has a 12 month low of $201.58 and a 12 month high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last posted its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, topping analysts’ consensus estimates of $3.43 by $0.02. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The company had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.25 billion. During the same period in the previous year, the business earned $3.31 earnings per share. NXP Semiconductors’s quarterly revenue was down 5.4% compared to the same quarter last year. As a group, equities analysts forecast that NXP Semiconductors will post 11.33 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders 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 dividend yield of 1.93%. The ex-dividend date is Thursday, December 5th. NXP Semiconductors’s dividend payout ratio (DPR) is 38.65%.

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.