Shares of NXP Semiconductors NV (NASDAQ:NXPI) have been given an average rating of “Hold” by the twenty-five analysts that are presently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation, twelve have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $99.31.
A number of brokerages have weighed in on NXPI. Deutsche Bank boosted their target price on shares of NXP Semiconductors from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday. BidaskClub lowered shares of NXP Semiconductors from a “hold” rating to a “sell” rating in a research note on Friday. TheStreet upgraded shares of NXP Semiconductors from a “c+” rating to a “b-” rating in a research note on Wednesday, February 13th. Needham & Company LLC boosted their target price on shares of NXP Semiconductors to $105.00 and gave the company a “strong-buy” rating in a research note on Friday, February 8th. Finally, Mizuho lowered shares of NXP Semiconductors from a “buy” rating to a “neutral” rating and decreased their target price for the company from $99.00 to $95.00 in a research note on Friday, February 8th.
A number of hedge funds have recently made changes to their positions in NXPI. MUFG Securities EMEA plc purchased a new stake in NXP Semiconductors in the 4th quarter worth about $989,000. Norges Bank purchased a new stake in NXP Semiconductors in the 4th quarter worth about $234,256,000. Teacher Retirement System of Texas raised its position in NXP Semiconductors by 978.8% in the 4th quarter. Teacher Retirement System of Texas now owns 86,469 shares of the semiconductor provider’s stock worth $6,336,000 after purchasing an additional 78,454 shares during the period. Dimensional Fund Advisors LP raised its position in NXP Semiconductors by 5.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 13,058 shares of the semiconductor provider’s stock worth $956,000 after purchasing an additional 697 shares during the period. Finally, CWM Advisors LLC raised its position in NXP Semiconductors by 15.5% in the 4th quarter. CWM Advisors LLC now owns 4,089 shares of the semiconductor provider’s stock worth $300,000 after purchasing an additional 550 shares during the period. Institutional investors and hedge funds own 73.62% of the company’s stock.
NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Wednesday, February 6th. The semiconductor provider reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.77 by $0.28. The company had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.39 billion. NXP Semiconductors had a net margin of 23.47% and a return on equity of 15.52%. Sell-side analysts expect that NXP Semiconductors will post 6.21 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 5th. Investors of record on Monday, March 18th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend is Friday, March 15th. NXP Semiconductors’s dividend payout ratio is currently 16.84%.
NXP Semiconductors Company Profile
NXP Semiconductors N.V., a semiconductor company, provides high performance mixed signal solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. The company offers products for audio and visual head-end unit applications, such as single-chip radio solutions, multi-standard radios, audio amplifiers and power analog products, and i.MX applications processors; in-vehicle networking products; two-way secure entry products; various sensors and microcontrollers; power management solutions; battery cell controllers; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.
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