NXP Semiconductors (NASDAQ:NXPI) Research Coverage Started at Citic Securities

Citic Securities started coverage on shares of NXP Semiconductors (NASDAQ:NXPI) in a research report report published on Friday morning. The brokerage issued a $288.00 price target on the semiconductor provider’s stock.

A number of other research analysts also recently issued reports on NXPI. Morgan Stanley reduced their price target on shares of NXP Semiconductors from $275.00 to $271.00 and set an equal weight rating on the stock in a research report on Wednesday, July 24th. Stifel Nicolaus raised their target price on shares of NXP Semiconductors from $240.00 to $275.00 and gave the stock a hold rating in a report on Thursday, July 18th. TD Cowen decreased their target price on NXP Semiconductors from $330.00 to $310.00 and set a buy rating for the company in a research note on Wednesday, July 24th. Needham & Company LLC increased their price target on NXP Semiconductors from $280.00 to $300.00 and gave the stock a buy rating in a research report on Tuesday, July 23rd. Finally, UBS Group upgraded NXP Semiconductors from a neutral rating to a buy rating and boosted their price objective for the company from $275.00 to $285.00 in a research report on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of $291.40.

NXP Semiconductors Stock Up 0.8 %

NASDAQ:NXPI opened at $238.10 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.52 and a current ratio of 2.21. The company has a market capitalization of $60.88 billion, a price-to-earnings ratio of 21.99, 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 $239.84 and a 200 day simple moving average of $253.37.

NXP Semiconductors (NASDAQ:NXPI) last issued 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 business had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.13 billion. NXP Semiconductors had a return on equity of 35.65% and a net margin of 21.21%. The business’s quarterly revenue was down 5.2% on a year-over-year basis. During the same period in the previous year, the business earned $3.04 EPS. 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 declared a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th were paid a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend was Thursday, September 12th. NXP Semiconductors’s payout ratio is currently 37.40%.

Insider Transactions at NXP Semiconductors

In related news, EVP Jennifer Wuamett sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total transaction of $813,225.00. Following the completion of the transaction, the executive vice president now owns 30,269 shares of the company’s stock, valued at $7,033,002.15. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Julie Southern bought 146 shares of the business’s stock in a transaction on Tuesday, July 30th. The shares were bought at an average cost of $257.54 per share, with a total value of $37,600.84. Following the purchase, the insider now directly owns 11,297 shares in the company, valued at $2,909,429.38. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Jennifer Wuamett sold 3,500 shares of the stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total value of $813,225.00. Following the completion of the sale, the executive vice president now owns 30,269 shares of the company’s stock, valued at $7,033,002.15. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.

Institutional Investors Weigh In On NXP Semiconductors

Institutional investors have recently bought and sold shares of the business. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in NXP Semiconductors by 893.2% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,332,578 shares of the semiconductor provider’s stock valued at $535,747,000 after purchasing an additional 2,097,727 shares in the last quarter. V Square Quantitative Management LLC increased its stake in shares of NXP Semiconductors by 42.8% in the fourth quarter. V Square Quantitative Management LLC now owns 3,849 shares of the semiconductor provider’s stock worth $884,000 after acquiring an additional 1,153 shares during the last quarter. American International Group Inc. boosted its position in NXP Semiconductors by 1.1% during the fourth quarter. American International Group Inc. now owns 90,938 shares of the semiconductor provider’s stock valued at $20,887,000 after purchasing an additional 1,000 shares during the last quarter. Richardson Financial Services Inc. purchased a new position in NXP Semiconductors in the fourth quarter valued at about $548,000. Finally, Congress Asset Management Co. MA increased its position in NXP Semiconductors by 0.8% in the 4th quarter. Congress Asset Management Co. MA now owns 509,420 shares of the semiconductor provider’s stock worth $117,004,000 after purchasing an additional 4,074 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

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.