NXP Semiconductors (NASDAQ:NXPI) Given Consensus Recommendation of “Moderate Buy” by Brokerages

NXP Semiconductors (NASDAQ:NXPI) has received a consensus rating of “Moderate Buy” from the twenty ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $267.00.

Several equities research analysts have recently commented on the company. Needham & Company LLC cut their price objective on NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. Barclays cut their price target on shares of NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Susquehanna lowered their price objective on shares of NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Truist Financial raised their target price on shares of NXP Semiconductors from $245.00 to $258.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Finally, Citigroup raised NXP Semiconductors from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $210.00 to $290.00 in a research report on Thursday, February 20th.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $204.86, for a total transaction of $204,860.00. Following the transaction, the chief operating officer now owns 8,828 shares in the company, valued at $1,808,504.08. This trade represents a 10.18 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.11% of the company’s stock.

Institutional Trading of NXP Semiconductors

Several large investors have recently modified their holdings of the stock. FMR LLC boosted its position in shares of NXP Semiconductors by 0.3% during the 4th quarter. FMR LLC now owns 25,084,729 shares of the semiconductor provider’s stock worth $5,213,861,000 after acquiring an additional 86,716 shares in the last quarter. Vanguard Group Inc. lifted its stake in NXP Semiconductors by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 13,322,338 shares of the semiconductor provider’s stock worth $2,769,048,000 after purchasing an additional 99,667 shares during the last quarter. State Street Corp boosted its holdings in shares of NXP Semiconductors by 1.3% in the 3rd quarter. State Street Corp now owns 10,675,415 shares of the semiconductor provider’s stock valued at $2,572,694,000 after purchasing an additional 139,641 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of NXP Semiconductors by 1.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 8,046,230 shares of the semiconductor provider’s stock valued at $1,672,409,000 after purchasing an additional 144,391 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of NXP Semiconductors by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 5,242,415 shares of the semiconductor provider’s stock valued at $1,088,094,000 after purchasing an additional 96,483 shares during the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

NXP Semiconductors Stock Performance

Shares of NASDAQ NXPI opened at $189.99 on Tuesday. 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 stock has a 50 day moving average price of $214.68 and a 200 day moving average price of $221.99. The stock has a market capitalization of $48.19 billion, a PE ratio of 19.53, a price-to-earnings-growth ratio of 3.01 and a beta of 1.47. NXP Semiconductors has a 52 week low of $188.85 and a 52 week high of $296.08.

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 given a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date is Wednesday, March 19th. NXP Semiconductors’s dividend payout ratio is 41.62%.

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.