Brokerages Set NXP Semiconductors (NASDAQ:NXPI) PT at $267.00

NXP Semiconductors (NASDAQ:NXPI) has been assigned a consensus recommendation of “Moderate Buy” from the twenty research firms that are currently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, sixteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $267.00.

A number of equities analysts have recently commented on the company. Morgan Stanley upgraded NXP Semiconductors from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $231.00 to $257.00 in a research note on Wednesday, February 12th. The Goldman Sachs Group reiterated a “buy” rating on shares of NXP Semiconductors in a report on Tuesday, February 4th. Mizuho increased their price objective on NXP Semiconductors from $240.00 to $255.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. StockNews.com lowered shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th. Finally, Stifel Nicolaus reduced their price target on shares of NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating for the company in a report on Wednesday, February 5th.

NXP Semiconductors Stock Performance

Shares of NASDAQ NXPI opened at $189.99 on Tuesday. The business’s 50-day simple moving average is $214.68 and its 200-day simple moving average is $221.99. NXP Semiconductors has a 52 week low of $188.85 and a 52 week high of $296.08. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36. The firm has a market cap of $48.19 billion, a price-to-earnings ratio of 19.53, a P/E/G ratio of 3.01 and a beta of 1.47.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th will be paid a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date is Wednesday, March 19th. NXP Semiconductors’s dividend payout ratio (DPR) is 41.62%.

Insider Buying and Selling at NXP Semiconductors

In other news, COO Andrew Micallef sold 1,000 shares of the business’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $204.86, for a total transaction of $204,860.00. Following the completion of the transaction, the chief operating officer now directly owns 8,828 shares in the company, valued at approximately $1,808,504.08. The trade was a 10.18 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.11% of the company’s stock.

Institutional Trading of NXP Semiconductors

A number of large investors have recently made changes to their positions in the company. 111 Capital bought a new stake in NXP Semiconductors during the 4th quarter worth approximately $818,000. Lansforsakringar Fondforvaltning AB publ bought a new stake in shares of NXP Semiconductors during the fourth quarter worth $11,767,000. Old North State Trust LLC raised its holdings in shares of NXP Semiconductors by 20.6% during the fourth quarter. Old North State Trust LLC now owns 1,531 shares of the semiconductor provider’s stock worth $318,000 after acquiring an additional 262 shares during the period. IronOak Wealth LLC. bought a new stake in NXP Semiconductors in the 4th quarter valued at $345,000. Finally, Azzad Asset Management Inc. ADV boosted its stake in NXP Semiconductors by 3.1% in the 4th quarter. Azzad Asset Management Inc. ADV now owns 9,070 shares of the semiconductor provider’s stock worth $1,885,000 after purchasing an additional 271 shares during the period. Institutional investors own 90.54% of the company’s stock.

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.