Brokerages Set NXP Semiconductors N.V. (NASDAQ:NXPI) Target Price at $256.05

NXP Semiconductors N.V. (NASDAQ:NXPI) has received a consensus rating of “Moderate Buy” from the twenty research firms that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $256.05.

A number of brokerages have issued reports on NXPI. KeyCorp raised their target price on NXP Semiconductors from $240.00 to $275.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 8th. Susquehanna raised their price objective on shares of NXP Semiconductors from $195.00 to $210.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. KGI Securities raised shares of NXP Semiconductors to a “strong-buy” rating in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. increased their price target on shares of NXP Semiconductors from $205.00 to $240.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Finally, Truist Financial raised their price target on shares of NXP Semiconductors from $230.00 to $252.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd.

Insider Activity

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 9,132 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $230.00, for a total transaction of $2,100,360.00. Following the sale, the executive vice president directly owned 27,088 shares in the company, valued at $6,230,240. This represents a 25.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO William Betz sold 6,785 shares of the business’s stock in a transaction on Monday, July 28th. The stock was sold at an average price of $227.34, for a total transaction of $1,542,501.90. Following the completion of the transaction, the chief financial officer owned 1,520 shares of the company’s stock, valued at approximately $345,556.80. This trade represents a 81.70% decrease in their position. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by corporate insiders.

Institutional Trading of NXP Semiconductors

Several hedge funds have recently modified their holdings of the stock. Dynamic Advisor Solutions LLC increased its holdings in NXP Semiconductors by 15.2% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 5,281 shares of the semiconductor provider’s stock worth $1,004,000 after purchasing an additional 698 shares during the period. Sowell Financial Services LLC acquired a new position in shares of NXP Semiconductors during the first quarter worth about $320,000. Farther Finance Advisors LLC increased its stake in shares of NXP Semiconductors by 133.5% during the first quarter. Farther Finance Advisors LLC now owns 2,153 shares of the semiconductor provider’s stock worth $409,000 after buying an additional 1,231 shares during the period. M&T Bank Corp raised its holdings in NXP Semiconductors by 14.5% in the first quarter. M&T Bank Corp now owns 7,436 shares of the semiconductor provider’s stock valued at $1,413,000 after acquiring an additional 943 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in NXP Semiconductors by 18.2% in the first quarter. Nisa Investment Advisors LLC now owns 12,653 shares of the semiconductor provider’s stock valued at $2,418,000 after acquiring an additional 1,951 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Stock Down 2.6%

NXPI stock opened at $220.94 on Monday. The company has a current ratio of 1.74, a quick ratio of 1.20 and a debt-to-equity ratio of 0.99. The firm has a 50-day moving average of $216.14 and a two-hundred day moving average of $206.86. NXP Semiconductors has a 12 month low of $148.09 and a 12 month high of $264.54. The company has a market cap of $55.70 billion, a price-to-earnings ratio of 26.33, a PEG ratio of 2.56 and a beta of 1.40.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Monday, July 21st. The semiconductor provider reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.66 by $0.06. NXP Semiconductors had a return on equity of 27.99% and a net margin of 17.72%. The business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same period in the prior year, the business earned $3.20 earnings per share. The business’s revenue was down 6.4% compared to the same quarter last year. As a group, analysts forecast that NXP Semiconductors will post 10.28 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th were paid a dividend of $1.014 per share. The ex-dividend date was Wednesday, June 25th. This represents a $4.06 dividend on an annualized basis and a yield of 1.84%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 48.39%.

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.