Analysts Set NXP Semiconductors (NASDAQ:NXPI) Price Target at $274.14

Shares of NXP Semiconductors (NASDAQ:NXPI) have been given an average recommendation of “Moderate Buy” by the twenty ratings firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $274.14.

Several research firms have issued reports on NXPI. Barclays dropped their price target on NXP Semiconductors from $330.00 to $280.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. Morgan Stanley decreased their target price on NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 6th. UBS Group reduced their target price on NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Citic Securities initiated coverage on NXP Semiconductors in a research note on Friday, October 11th. They issued a $288.00 price target on the stock. Finally, Stifel Nicolaus cut their price objective on NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating on the stock in a report on Thursday, October 17th.

NXP Semiconductors Trading Up 0.4 %

Shares of NXP Semiconductors stock opened at $219.02 on Friday. The business has a fifty day simple moving average of $229.61 and a 200-day simple moving average of $245.66. NXP Semiconductors has a fifty-two week low of $201.58 and a fifty-two week high of $296.08. The firm has a market cap of $55.67 billion, a price-to-earnings ratio of 20.90, a price-to-earnings-growth ratio of 4.37 and a beta of 1.46. The company has a quick ratio of 1.60, a current ratio of 2.35 and a debt-to-equity ratio of 0.99.

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

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Thursday, December 5th will be issued a dividend of $1.014 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $4.06 annualized dividend and a dividend yield of 1.85%. NXP Semiconductors’s dividend payout ratio is 38.74%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Logan Capital Management Inc. lifted its holdings in shares of NXP Semiconductors by 0.4% during the 3rd quarter. Logan Capital Management Inc. now owns 16,177 shares of the semiconductor provider’s stock valued at $3,883,000 after buying an additional 63 shares during the last quarter. Franklin Resources Inc. increased its position in NXP Semiconductors by 2.1% during the third quarter. Franklin Resources Inc. now owns 4,459,689 shares of the semiconductor provider’s stock worth $1,063,322,000 after buying an additional 93,129 shares during the last quarter. Tidal Investments LLC raised its holdings in NXP Semiconductors by 9.3% during the third quarter. Tidal Investments LLC now owns 18,124 shares of the semiconductor provider’s stock valued at $4,350,000 after buying an additional 1,542 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of NXP Semiconductors in the third quarter worth about $1,574,000. Finally, World Investment Advisors LLC boosted its stake in shares of NXP Semiconductors by 2,103.4% during the 3rd quarter. World Investment Advisors LLC now owns 28,909 shares of the semiconductor provider’s stock worth $6,938,000 after acquiring an additional 27,597 shares in the last quarter. Hedge funds and other institutional investors 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.