NXP Semiconductors (NASDAQ:NXPI) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of NXP Semiconductors (NASDAQ:NXPI) from a hold rating to a buy rating in a research note published on Sunday,Wall Street Zen reports.

Several other equities research analysts have also commented on the stock. Stifel Nicolaus set a $282.00 target price on shares of NXP Semiconductors in a research report on Wednesday, July 29th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $400.00 price target on shares of NXP Semiconductors in a report on Monday, August 17th. Citigroup reiterated a “neutral” rating on shares of NXP Semiconductors in a research note on Monday, July 13th. Oppenheimer boosted their price objective on shares of NXP Semiconductors from $300.00 to $325.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. Finally, UBS Group restated a “neutral” rating and set a $270.00 target price (down from $305.00) on shares of NXP Semiconductors in a research report on Monday, August 3rd. Sixteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $305.43.

NXP Semiconductors Stock Performance

NASDAQ NXPI opened at $227.84 on Friday. The stock has a market capitalization of $57.45 billion, a price-to-earnings ratio of 19.44, a PEG ratio of 0.77 and a beta of 1.81. The business’s 50 day moving average is $250.20 and its two-hundred day moving average is $251.85. NXP Semiconductors has a 12-month low of $183.00 and a 12-month high of $339.95. The company has a current ratio of 2.04, a quick ratio of 1.36 and a debt-to-equity ratio of 0.88.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 EPS for the quarter, beating the consensus estimate of $3.52 by $0.09. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%.The business had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.47 billion. During the same period last year, the firm earned $2.72 EPS. The company’s quarterly revenue was up 19.5% compared to the same quarter last year. Research analysts expect that NXP Semiconductors will post 13.73 EPS for the current year.

NXP Semiconductors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Wednesday, September 16th will be given a $1.014 dividend. The ex-dividend date is Wednesday, September 16th. This represents a $4.06 annualized dividend and a dividend yield of 1.8%. NXP Semiconductors’s payout ratio is currently 34.64%.

Insider Buying and Selling

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $315.57, for a total transaction of $315,570.00. Following the completion of the transaction, the executive vice president owned 8,942 shares in the company, valued at approximately $2,821,826.94. The trade was a 10.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.05% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of NXPI. California State Teachers Retirement System increased its position in NXP Semiconductors by 29,659.8% during the second quarter. California State Teachers Retirement System now owns 106,611,541 shares of the semiconductor provider’s stock worth $29,961,041,000 after buying an additional 106,253,301 shares in the last quarter. BlackRock Inc. acquired a new stake in shares of NXP Semiconductors during the second quarter valued at $6,716,412,000. State Street Corp boosted its stake in shares of NXP Semiconductors by 0.5% during the fourth quarter. State Street Corp now owns 11,043,159 shares of the semiconductor provider’s stock valued at $2,407,382,000 after acquiring an additional 55,098 shares during the last quarter. Wellington Management Group LLP purchased a new stake in NXP Semiconductors during the 2nd quarter worth about $21,099,000. Finally, Invesco Ltd. increased its position in NXP Semiconductors by 17.2% during the 4th quarter. Invesco Ltd. now owns 5,574,672 shares of the semiconductor provider’s stock worth $1,210,038,000 after purchasing an additional 818,985 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Company Profile

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.