NXP Semiconductors (NASDAQ:NXPI) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of NXP Semiconductors (NASDAQ:NXPI) have been given an average recommendation of “Moderate Buy” by the twenty brokerages that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and fourteen have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $274.14.

Several research analysts have commented on the company. Mizuho set a $290.00 price objective on NXP Semiconductors in a research note on Friday, October 18th. Stifel Nicolaus reduced their target price on shares of NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating on the stock in a report on Thursday, October 17th. The Goldman Sachs Group reduced their price target on shares of NXP Semiconductors from $285.00 to $277.00 in a research report on Friday, October 11th. Truist Financial lowered their price target on NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Finally, StockNews.com raised shares of NXP Semiconductors from a “hold” rating to a “buy” rating in a research note on Thursday, January 2nd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Crumly & Associates Inc. increased its holdings in shares of NXP Semiconductors by 2.0% in the 3rd quarter. Crumly & Associates Inc. now owns 2,274 shares of the semiconductor provider’s stock worth $546,000 after purchasing an additional 45 shares in the last quarter. Sterling Investment Counsel LLC lifted its holdings in shares of NXP Semiconductors by 5.7% in the 3rd quarter. Sterling Investment Counsel LLC now owns 850 shares of the semiconductor provider’s stock worth $204,000 after buying an additional 46 shares during the period. Ascent Group LLC boosted its position in NXP Semiconductors by 0.4% during the 3rd quarter. Ascent Group LLC now owns 12,498 shares of the semiconductor provider’s stock valued at $3,000,000 after acquiring an additional 46 shares in the last quarter. Brighton Jones LLC grew its stake in NXP Semiconductors by 5.2% during the 2nd quarter. Brighton Jones LLC now owns 1,024 shares of the semiconductor provider’s stock worth $275,000 after buying an additional 51 shares during the last quarter. Finally, Farmers National Bank raised its stake in shares of NXP Semiconductors by 6.1% in the second quarter. Farmers National Bank now owns 899 shares of the semiconductor provider’s stock worth $242,000 after purchasing an additional 52 shares during the last quarter. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Price Performance

Shares of NASDAQ NXPI opened at $209.72 on Thursday. The firm has a market cap of $53.30 billion, a PE ratio of 20.01, a PEG ratio of 4.37 and a beta of 1.47. The firm has a fifty day moving average of $220.76 and a 200 day moving average of $238.96. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.60 and a current ratio of 2.35. NXP Semiconductors has a one year low of $201.58 and a one year high of $296.08.

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

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Thursday, December 5th were issued a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend was Thursday, December 5th. NXP Semiconductors’s dividend payout ratio is presently 38.65%.

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.