Analysts Set NXP Semiconductors (NASDAQ:NXPI) PT at $274.14

Shares of NXP Semiconductors (NASDAQ:NXPI) have received an average recommendation of “Moderate Buy” from the twenty analysts that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $273.19.

A number of brokerages recently weighed in on NXPI. Truist Financial cut their price objective on shares of NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Citic Securities assumed coverage on NXP Semiconductors in a research note on Friday, October 11th. They issued a $288.00 price target on the stock. Barclays reduced their target price on NXP Semiconductors from $330.00 to $280.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. Evercore ISI lowered their price objective on shares of NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Finally, Loop Capital started coverage on NXP Semiconductors in a research report on Monday, November 11th. They issued a “buy” rating and a $300.00 target price on the stock.

NXP Semiconductors Stock Performance

Shares of NXPI stock opened at $213.56 on Thursday. The firm has a market capitalization of $54.28 billion, a P/E ratio of 20.38, a P/E/G ratio of 3.11 and a beta of 1.47. NXP Semiconductors has a 12 month low of $201.58 and a 12 month high of $296.08. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.35 and a quick ratio of 1.60. The company’s fifty day moving average price is $218.74 and its two-hundred day moving average price is $237.09.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.43 by $0.02. The firm had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.25 billion. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The firm’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same period last year, the business posted $3.31 earnings per share. On average, research analysts anticipate that NXP Semiconductors will post 11.33 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Thursday, December 5th were given a dividend of $1.014 per share. The ex-dividend date was Thursday, December 5th. This represents a $4.06 annualized dividend and a yield of 1.90%. NXP Semiconductors’s payout ratio is currently 38.74%.

Hedge Funds Weigh In On NXP Semiconductors

Hedge funds have recently made changes to their positions in the stock. Bowman & Co S.C. grew its stake in NXP Semiconductors by 3.6% in the 4th quarter. Bowman & Co S.C. now owns 5,772 shares of the semiconductor provider’s stock worth $1,199,000 after buying an additional 198 shares in the last quarter. Smith Salley Wealth Management grew its position in NXP Semiconductors by 0.9% during the 4th quarter. Smith Salley Wealth Management now owns 97,602 shares of the semiconductor provider’s stock worth $20,287,000 after acquiring an additional 834 shares during the last quarter. HB Wealth Management LLC increased its stake in shares of NXP Semiconductors by 9.3% in the fourth quarter. HB Wealth Management LLC now owns 3,537 shares of the semiconductor provider’s stock worth $735,000 after buying an additional 302 shares during the period. Trust Co. of Vermont raised its stake in shares of NXP Semiconductors by 22.9% during the fourth quarter. Trust Co. of Vermont now owns 3,599 shares of the semiconductor provider’s stock valued at $748,000 after acquiring an additional 670 shares during the last quarter. Finally, Brooklyn Investment Group lifted its holdings in NXP Semiconductors by 69.5% in the 4th quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock worth $33,000 after buying an additional 66 shares during the period. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

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.