Analysts Set NXP Semiconductors N.V. (NASDAQ:NXPI) Target Price at $253.67

NXP Semiconductors N.V. (NASDAQ:NXPI) has received a consensus rating of “Moderate Buy” from the twenty analysts that are presently covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation, fourteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $253.6667.

Several research analysts recently issued reports on NXPI shares. Barclays reiterated an “overweight” rating and issued a $255.00 price target on shares of NXP Semiconductors in a research note on Thursday, January 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of NXP Semiconductors in a research note on Thursday, January 22nd. Mizuho decreased their price target on shares of NXP Semiconductors from $285.00 to $255.00 and set an “outperform” rating for the company in a research note on Wednesday, February 4th. Truist Financial decreased their price target on shares of NXP Semiconductors from $265.00 to $255.00 and set a “buy” rating for the company in a research note on Tuesday, February 3rd. Finally, TD Cowen decreased their price target on shares of NXP Semiconductors from $285.00 to $250.00 and set a “buy” rating for the company in a research note on Wednesday, February 4th.

Insider Buying and Selling

In related news, EVP Andrew Micallef sold 1,000 shares of the stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $194.58, for a total transaction of $194,580.00. Following the sale, the executive vice president directly owned 9,942 shares of the company’s stock, valued at approximately $1,934,514.36. This represents a 9.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.12% of the company’s stock.

Institutional Trading of NXP Semiconductors

Institutional investors have recently bought and sold shares of the company. JPL Wealth Management LLC purchased a new stake in NXP Semiconductors during the 3rd quarter valued at about $26,000. SHP Wealth Management purchased a new stake in NXP Semiconductors during the 4th quarter valued at about $27,000. CNB Bank purchased a new stake in NXP Semiconductors during the 3rd quarter valued at about $28,000. Acumen Wealth Advisors LLC purchased a new stake in NXP Semiconductors during the 4th quarter valued at about $28,000. Finally, Jessup Wealth Management Inc purchased a new stake in NXP Semiconductors during the 4th quarter valued at about $29,000. 90.54% of the stock is owned by hedge funds and other institutional investors.

NXP Semiconductors Stock Up 1.3%

Shares of NASDAQ NXPI opened at $197.08 on Friday. The company has a current ratio of 2.05, a quick ratio of 1.38 and a debt-to-equity ratio of 1.09. NXP Semiconductors has a 12 month low of $148.09 and a 12 month high of $256.36. The firm has a market capitalization of $49.80 billion, a PE ratio of 24.82, a price-to-earnings-growth ratio of 0.87 and a beta of 1.46. The firm has a fifty day simple moving average of $215.41 and a two-hundred day simple moving average of $217.91.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Tuesday, February 3rd. The semiconductor provider reported $3.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.31 by $0.04. The company had revenue of $3.34 billion during the quarter, compared to analyst estimates of $3.30 billion. NXP Semiconductors had a net margin of 16.47% and a return on equity of 26.72%. NXP Semiconductors’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period last year, the business earned $3.18 EPS. Equities analysts expect that NXP Semiconductors will post 10.28 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Wednesday, March 25th will be paid a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Wednesday, March 25th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 51.13%.

About NXP Semiconductors

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.