NXP Semiconductors (NASDAQ:NXPI) Receives $274.14 Average Price Target from Analysts

NXP Semiconductors (NASDAQ:NXPI) has earned an average recommendation of “Moderate Buy” from the twenty analysts that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and fifteen have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $273.19.

A number of research analysts have issued reports on NXPI shares. Morgan Stanley reduced their target price on shares of NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 6th. The Goldman Sachs Group raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and reduced their target price for the company from $260.00 to $257.00 in a research note on Friday. Truist Financial reduced their price target on shares of NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Needham & Company LLC reduced their price target on shares of NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Finally, StockNews.com raised shares of NXP Semiconductors from a “hold” rating to a “buy” rating in a research note on Thursday, January 2nd.

NXP Semiconductors Price Performance

NXPI opened at $206.75 on Thursday. The company has a 50-day moving average of $219.62 and a 200-day moving average of $238.12. The company has a market capitalization of $52.55 billion, a P/E ratio of 19.73, a PEG ratio of 4.37 and a beta of 1.47. NXP Semiconductors has a 1-year low of $201.58 and a 1-year high of $296.08. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.60 and a current ratio of 2.35.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, beating analysts’ consensus estimates of $3.43 by $0.02. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The business had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.25 billion. During the same quarter in the prior year, the firm earned $3.31 EPS. The company’s revenue for the quarter was down 5.4% compared to the same quarter last year. Equities analysts expect that NXP Semiconductors will post 11.33 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th were paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date was Thursday, December 5th. NXP Semiconductors’s dividend payout ratio is 38.65%.

Hedge Funds Weigh In On NXP Semiconductors

A number of hedge funds have recently made changes to their positions in the business. Jacobs & Co. CA raised its stake in shares of NXP Semiconductors by 0.4% in the 4th quarter. Jacobs & Co. CA now owns 24,675 shares of the semiconductor provider’s stock valued at $5,128,000 after buying an additional 91 shares in the last quarter. ORG Wealth Partners LLC increased its position in shares of NXP Semiconductors by 915.4% during the 4th quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock worth $27,000 after purchasing an additional 119 shares in the last quarter. Hilltop National Bank increased its position in shares of NXP Semiconductors by 3.7% during the 4th quarter. Hilltop National Bank now owns 6,005 shares of the semiconductor provider’s stock worth $1,248,000 after purchasing an additional 215 shares in the last quarter. Fortitude Family Office LLC increased its position in shares of NXP Semiconductors by 52.4% during the 4th quarter. Fortitude Family Office LLC now owns 218 shares of the semiconductor provider’s stock worth $45,000 after purchasing an additional 75 shares in the last quarter. Finally, Legacy Wealth Management LLC MS increased its position in shares of NXP Semiconductors by 6.8% during the 4th quarter. Legacy Wealth Management LLC MS now owns 2,372 shares of the semiconductor provider’s stock worth $493,000 after purchasing an additional 151 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

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.