Analysts Set NXP Semiconductors NV (NASDAQ:NXPI) PT at $124.64

NXP Semiconductors NV (NASDAQ:NXPI) has received a consensus rating of “Buy” from the nineteen research firms that are presently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $124.64.

A number of research firms recently commented on NXPI. ValuEngine raised NXP Semiconductors from a “sell” rating to a “hold” rating in a report on Tuesday, October 1st. BidaskClub raised NXP Semiconductors from a “buy” rating to a “strong-buy” rating in a report on Tuesday, December 17th. Mizuho raised NXP Semiconductors from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $108.00 to $130.00 in a report on Tuesday, November 5th. Morgan Stanley boosted their price target on NXP Semiconductors from $121.00 to $140.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Finally, TheStreet cut NXP Semiconductors from a “b” rating to a “c+” rating in a report on Tuesday, October 29th.

In other news, EVP Stephen Owen sold 8,294 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $122.00, for a total transaction of $1,011,868.00. Following the transaction, the executive vice president now owns 1,883 shares of the company’s stock, valued at approximately $229,726. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Keith M. Shull sold 21,085 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $119.35, for a total value of $2,516,494.75. Following the transaction, the executive vice president now directly owns 15,092 shares in the company, valued at approximately $1,801,230.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,416 shares of company stock worth $4,245,127.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Boston Partners boosted its holdings in NXP Semiconductors by 5.1% during the 3rd quarter. Boston Partners now owns 5,276,672 shares of the semiconductor provider’s stock valued at $576,116,000 after acquiring an additional 256,202 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in NXP Semiconductors by 667.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,412,986 shares of the semiconductor provider’s stock valued at $481,545,000 after acquiring an additional 3,837,685 shares during the period. Pictet Asset Management Ltd. boosted its holdings in NXP Semiconductors by 15.7% during the 3rd quarter. Pictet Asset Management Ltd. now owns 3,509,714 shares of the semiconductor provider’s stock valued at $382,980,000 after acquiring an additional 476,087 shares during the period. Point72 Asset Management L.P. boosted its holdings in NXP Semiconductors by 221.9% during the 2nd quarter. Point72 Asset Management L.P. now owns 2,747,433 shares of the semiconductor provider’s stock valued at $268,177,000 after acquiring an additional 1,893,827 shares during the period. Finally, Nuveen Asset Management LLC boosted its holdings in NXP Semiconductors by 581.2% during the 2nd quarter. Nuveen Asset Management LLC now owns 2,665,036 shares of the semiconductor provider’s stock valued at $260,134,000 after acquiring an additional 2,273,799 shares during the period. 89.64% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ NXPI opened at $128.36 on Friday. The stock’s 50 day moving average is $122.54 and its 200 day moving average is $109.39. The company has a current ratio of 1.90, a quick ratio of 1.54 and a debt-to-equity ratio of 0.78. NXP Semiconductors has a 12 month low of $77.18 and a 12 month high of $129.78. The stock has a market cap of $35.79 billion, a PE ratio of 21.61, a P/E/G ratio of 1.43 and a beta of 1.24.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Monday, October 28th. The semiconductor provider reported $2.18 EPS for the quarter, topping the Zacks’ consensus estimate of $1.61 by $0.57. NXP Semiconductors had a return on equity of 23.37% and a net margin of 4.51%. The company had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.24 billion. On average, analysts forecast that NXP Semiconductors will post 6.4 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Monday, December 16th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date was Friday, December 13th. NXP Semiconductors’s payout ratio is 25.25%.

NXP Semiconductors Company Profile

NXP Semiconductors N.V., a semiconductor company, provides high performance mixed signal solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. The company offers products for audio and visual head-end unit applications, such as single-chip radio solutions, multi-standard radios, audio amplifiers and power analog products, and i.MX applications processors; in-vehicle networking products; two-way secure entry products; various sensors and microcontrollers; power management solutions; battery cell controllers; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.

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Analyst Recommendations for NXP Semiconductors (NASDAQ:NXPI)

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