NXP Semiconductors (NASDAQ:NXPI) Receives $267.80 Average Price Target from Brokerages

Shares of NXP Semiconductors (NASDAQ:NXPI) have received a consensus rating of “Moderate Buy” from the twenty-one analysts that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and fourteen have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $267.80.

Several brokerages have commented on NXPI. Oppenheimer lifted their target price on NXP Semiconductors from $250.00 to $295.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Needham & Company LLC increased their price target on NXP Semiconductors from $250.00 to $280.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Mizuho upgraded shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $265.00 to $325.00 in a report on Friday, May 24th. JPMorgan Chase & Co. upped their price target on NXP Semiconductors from $240.00 to $280.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. Finally, Wells Fargo & Company increased their target price on shares of NXP Semiconductors from $285.00 to $305.00 and gave the company an “overweight” rating in a report on Wednesday, May 22nd.

Insiders Place Their Bets

In other news, CEO Kurt Sievers sold 8,548 shares of the stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $275.75, for a total value of $2,357,111.00. Following the sale, the chief executive officer now directly owns 177,889 shares of the company’s stock, valued at $49,052,891.75. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.11% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On NXP Semiconductors

Large investors have recently added to or reduced their stakes in the business. Ontario Teachers Pension Plan Board purchased a new position in shares of NXP Semiconductors during the third quarter worth about $556,000. Mariner LLC increased its holdings in shares of NXP Semiconductors by 20.5% in the 3rd quarter. Mariner LLC now owns 22,268 shares of the semiconductor provider’s stock worth $4,452,000 after buying an additional 3,791 shares during the last quarter. Stifel Financial Corp raised its position in shares of NXP Semiconductors by 3.5% during the 3rd quarter. Stifel Financial Corp now owns 79,898 shares of the semiconductor provider’s stock valued at $15,974,000 after buying an additional 2,670 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its position in shares of NXP Semiconductors by 15.5% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,647 shares of the semiconductor provider’s stock valued at $729,000 after buying an additional 490 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its holdings in shares of NXP Semiconductors by 31.5% during the 3rd quarter. Parkside Financial Bank & Trust now owns 334 shares of the semiconductor provider’s stock worth $67,000 after acquiring an additional 80 shares during the last quarter. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Price Performance

NXP Semiconductors stock opened at $265.01 on Friday. The stock has a market capitalization of $67.76 billion, a P/E ratio of 24.47, a price-to-earnings-growth ratio of 2.52 and a beta of 1.50. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.64 and a current ratio of 2.35. NXP Semiconductors has a 52 week low of $167.21 and a 52 week high of $286.87. The stock has a fifty day moving average of $262.91 and a 200-day moving average of $242.57.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Monday, April 29th. The semiconductor provider reported $2.85 EPS for the quarter, beating analysts’ consensus estimates of $2.78 by $0.07. The company had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.13 billion. NXP Semiconductors had a return on equity of 37.65% and a net margin of 21.24%. On average, sell-side analysts expect that NXP Semiconductors will post 12.47 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Thursday, June 13th will be issued a dividend of $1.014 per share. The ex-dividend date is Thursday, June 13th. This represents a $4.06 dividend on an annualized basis and a yield of 1.53%. NXP Semiconductors’s dividend payout ratio (DPR) is 37.49%.

About NXP Semiconductors

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.