NXP Semiconductors (NASDAQ:NXPI) Raised to Buy at UBS Group

UBS Group upgraded shares of NXP Semiconductors (NASDAQ:NXPI) from a neutral rating to a buy rating in a research report report published on Monday morning, Marketbeat Ratings reports. UBS Group currently has $285.00 price target on the semiconductor provider’s stock, up from their prior price target of $275.00.

A number of other equities research analysts have also recently weighed in on the company. StockNews.com cut NXP Semiconductors from a buy rating to a hold rating in a report on Friday, August 2nd. Citigroup raised their price objective on shares of NXP Semiconductors from $150.00 to $220.00 and gave the company a sell rating in a research note on Monday, July 15th. Barclays raised their price objective on shares of NXP Semiconductors from $280.00 to $330.00 and gave the company an overweight rating in a research note on Thursday, July 18th. Cantor Fitzgerald reiterated an overweight rating and set a $350.00 price objective on shares of NXP Semiconductors in a research note on Tuesday, July 23rd. Finally, Truist Financial lowered their price objective on shares of NXP Semiconductors from $291.00 to $287.00 and set a buy rating on the stock in a research note on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, NXP Semiconductors has an average rating of Moderate Buy and an average price target of $291.47.

NXP Semiconductors Stock Down 0.9 %

NASDAQ:NXPI opened at $236.17 on Monday. The company has a market capitalization of $60.16 billion, a price-to-earnings ratio of 22.07, a price-to-earnings-growth ratio of 2.58 and a beta of 1.49. NXP Semiconductors has a one year low of $167.21 and a one year high of $296.08. The stock has a 50-day simple moving average of $239.98 and a 200 day simple moving average of $253.35. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.52 and a current ratio of 2.21.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share for the quarter, beating analysts’ consensus estimates of $2.82 by $0.38. The company had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.13 billion. NXP Semiconductors had a return on equity of 35.65% and a net margin of 21.21%. The business’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.04 earnings per share. Sell-side analysts predict that NXP Semiconductors will post 11.97 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th were given a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend was Thursday, September 12th. NXP Semiconductors’s payout ratio is 37.94%.

Insiders Place Their Bets

In other news, insider Julie Southern acquired 146 shares of the stock in a transaction on Tuesday, July 30th. The shares were purchased at an average cost of $257.54 per share, for a total transaction of $37,600.84. Following the transaction, the insider now owns 11,297 shares in the company, valued at approximately $2,909,429.38. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Julie Southern acquired 146 shares of the stock in a transaction on Tuesday, July 30th. The shares were purchased at an average cost of $257.54 per share, for a total transaction of $37,600.84. Following the transaction, the insider now owns 11,297 shares in the company, valued at approximately $2,909,429.38. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jennifer Wuamett sold 3,500 shares of NXP Semiconductors stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total transaction of $813,225.00. Following the transaction, the executive vice president now owns 30,269 shares in the company, valued at approximately $7,033,002.15. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.11% of the company’s stock.

Institutional Investors Weigh In On NXP Semiconductors

A number of institutional investors have recently modified their holdings of the stock. Drive Wealth Management LLC boosted its stake in shares of NXP Semiconductors by 4.3% during the 2nd quarter. Drive Wealth Management LLC now owns 953 shares of the semiconductor provider’s stock valued at $257,000 after buying an additional 39 shares during the period. Beacon Capital Management LLC boosted its stake in shares of NXP Semiconductors by 36.4% during the 1st quarter. Beacon Capital Management LLC now owns 150 shares of the semiconductor provider’s stock valued at $37,000 after buying an additional 40 shares during the period. Patten Group Inc. boosted its stake in shares of NXP Semiconductors by 1.2% during the 2nd quarter. Patten Group Inc. now owns 3,454 shares of the semiconductor provider’s stock valued at $929,000 after buying an additional 42 shares during the period. West Paces Advisors Inc. boosted its stake in shares of NXP Semiconductors by 3.1% during the 2nd quarter. West Paces Advisors Inc. now owns 1,500 shares of the semiconductor provider’s stock valued at $404,000 after buying an additional 45 shares during the period. Finally, Octavia Wealth Advisors LLC lifted its stake in shares of NXP Semiconductors by 5.4% in the 2nd quarter. Octavia Wealth Advisors LLC now owns 880 shares of the semiconductor provider’s stock valued at $238,000 after purchasing an additional 45 shares during the last quarter. Institutional investors and hedge funds 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.