NXP Semiconductors (NASDAQ:NXPI) Receives $267.80 Consensus Target Price from Brokerages

Shares of NXP Semiconductors (NASDAQ:NXPI) have been given a consensus rating of “Moderate Buy” by the twenty-one analysts that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and fourteen have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $267.80.

A number of equities research analysts recently commented on NXPI shares. StockNews.com upgraded shares of NXP Semiconductors from a “hold” rating to a “buy” rating in a research report on Wednesday, May 8th. Wells Fargo & Company lifted their price target on shares of NXP Semiconductors from $285.00 to $305.00 and gave the company an “overweight” rating in a research report on Wednesday, May 22nd. Cantor Fitzgerald lifted their price target on shares of NXP Semiconductors from $290.00 to $325.00 and gave the company an “overweight” rating in a research report on Wednesday, May 15th. Oppenheimer lifted their price target on shares of NXP Semiconductors from $250.00 to $295.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Finally, Jefferies Financial Group began coverage on shares of NXP Semiconductors in a research report on Monday, May 13th. They set a “buy” rating and a $325.00 price target for the company.

Insiders Place Their Bets

In other NXP Semiconductors news, CEO Kurt Sievers sold 8,548 shares of NXP Semiconductors stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $275.75, for a total value of $2,357,111.00. Following the completion of the sale, the chief executive officer now directly owns 177,889 shares of the company’s stock, valued at approximately $49,052,891.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.11% of the stock is owned by corporate insiders.

Institutional Trading of NXP Semiconductors

Several institutional investors have recently made changes to their positions in NXPI. Norges Bank purchased a new stake in shares of NXP Semiconductors during the 4th quarter valued at $762,077,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in shares of NXP Semiconductors by 893.2% during the 4th 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 buying an additional 2,097,727 shares during the period. Vanguard Group Inc. grew its stake in shares of NXP Semiconductors by 17.3% during the 1st quarter. Vanguard Group Inc. now owns 12,921,432 shares of the semiconductor provider’s stock valued at $3,201,543,000 after buying an additional 1,909,898 shares during the period. Public Employees Retirement Association of Colorado purchased a new stake in shares of NXP Semiconductors during the 4th quarter valued at $164,044,000. Finally, Kodai Capital Management LP purchased a new stake in shares of NXP Semiconductors during the 4th quarter valued at $125,319,000. 90.54% of the stock is owned by hedge funds and other institutional investors.

NXP Semiconductors Price Performance

Shares of NASDAQ:NXPI opened at $269.09 on Friday. The company has a quick ratio of 1.64, a current ratio of 2.35 and a debt-to-equity ratio of 1.11. The company has a market cap of $68.80 billion, a P/E ratio of 24.85, a PEG ratio of 2.48 and a beta of 1.50. NXP Semiconductors has a 52 week low of $167.21 and a 52 week high of $286.87. The company has a 50-day moving average price of $264.90 and a 200 day moving average price of $243.23.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Monday, April 29th. The semiconductor provider reported $2.85 EPS for the quarter, beating analysts’ consensus estimates of $2.78 by $0.07. The firm had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.13 billion. NXP Semiconductors had a net margin of 21.24% and a return on equity of 37.65%. Research analysts predict that NXP Semiconductors will post 12.47 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Thursday, June 13th will be paid a $1.014 dividend. The ex-dividend date is Thursday, June 13th. This represents a $4.06 annualized dividend and a yield of 1.51%. NXP Semiconductors’s payout ratio is currently 37.40%.

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.