NXP Semiconductors N.V. (NASDAQ:NXPI) Stock Has Average Price Target of $302.30

Shares of NXP Semiconductors N.V. (NASDAQ:NXPI) have earned a consensus recommendation of “Moderate Buy” from the twenty-six research firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and sixteen have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $302.30.

A number of brokerages have recently issued reports on NXPI. Oppenheimer upped their target price on shares of NXP Semiconductors from $300.00 to $325.00 and gave the company an “outperform” rating in a report on Friday, July 24th. Bank of America reiterated a “neutral” rating on shares of NXP Semiconductors in a report on Wednesday, July 29th. TD Cowen lowered their price target on NXP Semiconductors from $290.00 to $275.00 and set a “buy” rating on the stock in a research report on Monday. JPMorgan Chase & Co. boosted their price target on NXP Semiconductors from $295.00 to $300.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Finally, Wells Fargo & Company dropped their price objective on NXP Semiconductors from $280.00 to $235.00 and set an “equal weight” rating on the stock in a research note on Tuesday.

NXP Semiconductors Stock Performance

Shares of NXPI stock opened at $237.60 on Wednesday. The stock has a market cap of $59.91 billion, a P/E ratio of 20.27, a P/E/G ratio of 0.78 and a beta of 1.80. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 1.36. The company has a fifty day moving average price of $229.90 and a two-hundred day moving average price of $256.98. NXP Semiconductors has a one year low of $183.00 and a one year high of $339.95.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Wednesday, July 29th. The semiconductor provider reported $3.61 EPS for the quarter, beating analysts’ consensus estimates of $3.52 by $0.09. The company had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.47 billion. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. The company’s quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.72 EPS. As a group, equities analysts predict that NXP Semiconductors will post 13.75 EPS for the current year.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Wednesday, September 16th were paid a dividend of $1.0140 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Wednesday, September 16th. NXP Semiconductors’s payout ratio is currently 34.64%.

NXP Semiconductors News Roundup

Here are the key news stories impacting NXP Semiconductors this week:

• Positive Sentiment: TD Cowen maintained a Buy rating while lowering its price target from $290 to $275. The revised target still implies meaningful upside from the current trading level, signaling continued confidence in NXP’s longer-term prospects.
• Positive Sentiment: Frank Rimerman Advisors initiated a roughly $652,000 position in NXP during the third quarter. Although relatively small, the new institutional investment provides a modest positive sentiment signal. Frank Rimerman Advisors Investment Article
• Neutral Sentiment: GuruFocus estimated NXP’s GF Value at $250.62, above the referenced share price of $237.60, suggesting the stock may be modestly undervalued based on its valuation model. The measure is supportive but does not represent a change in company fundamentals. GuruFocus NXP Valuation Article
• Negative Sentiment: Wells Fargo cut its price target sharply from $280 to $235 and assigned an Equal Weight rating. The new target is slightly below the current price, reflecting a more cautious view. Wells Fargo NXP Price Target Article
• Negative Sentiment: NXP is scheduled to report earnings next week. While Wall Street expects earnings growth, Zacks said the company lacks the combination of factors that typically supports a likely earnings beat, increasing event risk ahead of the report. NXP Earnings Expectations Article
• Negative Sentiment: Exchange-traded funds were reported as net sellers of NXP, indicating some institutional selling pressure. ETF NXP Selling Article

Insider Buying and Selling

In related news, EVP Andrew Micallef sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $226.04, for a total transaction of $226,040.00. Following the transaction, the executive vice president directly owned 7,942 shares of the company’s stock, valued at approximately $1,795,209.68. The trade was a 11.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher Jensen sold 3,355 shares of the stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $240.00, for a total value of $805,200.00. Following the completion of the sale, the executive vice president owned 288 shares in the company, valued at approximately $69,120. This trade represents a 92.09% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is currently owned by insiders.

Hedge Funds Weigh In On NXP Semiconductors

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fortitude Family Office LLC acquired a new stake in shares of NXP Semiconductors during the 3rd quarter worth about $26,000. SHP Wealth Management bought a new stake in shares of NXP Semiconductors during the 4th quarter worth about $27,000. Allied Private Wealth LLC bought a new stake in shares of NXP Semiconductors during the 2nd quarter worth about $28,000. Fiduciary Financial Advisors acquired a new position in NXP Semiconductors in the 2nd quarter valued at about $28,000. Finally, Bell Investment Advisors Inc acquired a new position in NXP Semiconductors in the 2nd quarter valued at about $29,000. 90.54% of the stock is owned by institutional investors.

NXP Semiconductors Company Profile

NXP Semiconductors N.V. is a global semiconductor company that develops technologies for automotive, industrial, communications infrastructure, mobile, and Internet of Things applications. The company provides processing, connectivity, security, sensing, and power-management solutions that help enable connected and automated systems.

Its product portfolio includes microcontrollers and application processors, automotive networking and radar solutions, secure identification and authentication technologies, near-field communication products, radio-frequency power amplifiers, analog and mixed-signal devices, and wireless connectivity solutions.