Loop Capital Begins Coverage on NXP Semiconductors (NASDAQ:NXPI)

Loop Capital assumed coverage on shares of NXP Semiconductors (NASDAQ:NXPI) in a research report report published on Monday, MarketBeat reports. The firm issued a buy rating and a $300.00 price target on the semiconductor provider’s stock.

A number of other equities analysts also recently issued reports on the company. The Goldman Sachs Group cut their price target on NXP Semiconductors from $285.00 to $277.00 in a research note on Friday, October 11th. 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 report on Wednesday, November 6th. StockNews.com downgraded shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. TD Cowen cut their price target on shares of NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Finally, UBS Group decreased their price objective on shares of NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $276.76.

NXP Semiconductors Stock Up 0.4 %

NXPI stock opened at $223.96 on Monday. The stock’s 50 day simple moving average is $234.59 and its 200 day simple moving average is $253.08. The company has a market cap of $56.92 billion, a P/E ratio of 21.37, a price-to-earnings-growth ratio of 4.27 and a beta of 1.49. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.60 and a current ratio of 2.35. NXP Semiconductors has a fifty-two week low of $196.43 and a fifty-two week high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.43 by $0.02. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The business had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.25 billion. During the same quarter last year, the firm posted $3.31 EPS. NXP Semiconductors’s revenue was down 5.4% compared to the same quarter last year. On average, research analysts expect that NXP Semiconductors will post 11.43 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, October 9th. Stockholders of record on Thursday, September 12th were given a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend was Thursday, September 12th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 38.74%.

Insider Buying and Selling

In other news, EVP Jennifer Wuamett sold 3,500 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 30,269 shares in the company, valued at approximately $7,033,002.15. This trade represents a 10.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.11% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Quantbot Technologies LP purchased a new position in shares of NXP Semiconductors during the first quarter worth about $843,000. Empowered Funds LLC boosted its holdings in NXP Semiconductors by 80.1% during the 1st quarter. Empowered Funds LLC now owns 7,818 shares of the semiconductor provider’s stock valued at $1,937,000 after acquiring an additional 3,478 shares during the period. Atomi Financial Group Inc. bought a new position in NXP Semiconductors during the 1st quarter worth approximately $237,000. QRG Capital Management Inc. increased its stake in NXP Semiconductors by 34.1% in the 1st quarter. QRG Capital Management Inc. now owns 1,716 shares of the semiconductor provider’s stock worth $425,000 after purchasing an additional 436 shares during the period. Finally, Avantax Advisory Services Inc. lifted its position in NXP Semiconductors by 8.2% in the first quarter. Avantax Advisory Services Inc. now owns 9,819 shares of the semiconductor provider’s stock valued at $2,433,000 after purchasing an additional 748 shares during the last quarter. Institutional investors own 90.54% of the company’s stock.

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.