NXP Semiconductors (NASDAQ:NXPI) Now Covered by Wells Fargo & Company

Wells Fargo & Company assumed coverage on shares of NXP Semiconductors (NASDAQ:NXPI) in a research report sent to investors on Friday morning, Marketbeat.com reports. The brokerage issued an overweight rating and a $250.00 price objective on the semiconductor provider’s stock.

A number of other research analysts have also commented on NXPI. TD Cowen dropped their price objective on shares of NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Truist Financial dropped their price target on NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Morgan Stanley decreased their price objective on NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 6th. The Goldman Sachs Group dropped their target price on NXP Semiconductors from $285.00 to $277.00 in a report on Friday, October 11th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $270.00 price target on shares of NXP Semiconductors in a report on Monday, November 4th. One 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 MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $274.14.

NXP Semiconductors Trading Up 0.8 %

NASDAQ:NXPI opened at $226.38 on Friday. The company has a market capitalization of $57.54 billion, a PE ratio of 21.60, a P/E/G ratio of 4.51 and a beta of 1.49. NXP Semiconductors has a 52-week low of $198.00 and a 52-week high of $296.08. The stock’s 50 day moving average price is $233.53 and its 200 day moving average price is $251.51. The company has a quick ratio of 1.60, a current ratio of 2.35 and a debt-to-equity ratio of 0.99.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.43 by $0.02. The business had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.25 billion. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The company’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same period last year, the firm posted $3.31 earnings per share. On average, research analysts anticipate that NXP Semiconductors will post 11.37 EPS for the current year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th will be given a dividend of $1.014 per share. The ex-dividend date is Thursday, December 5th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.79%. NXP Semiconductors’s payout ratio is 38.74%.

Insider Transactions at NXP Semiconductors

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the business’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total transaction of $813,225.00. Following the sale, the executive vice president now directly owns 30,269 shares in the company, valued at approximately $7,033,002.15. The trade was a 10.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.11% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in NXPI. Chelsea Counsel Co. grew its stake in NXP Semiconductors by 33.3% in the 3rd quarter. Chelsea Counsel Co. now owns 300 shares of the semiconductor provider’s stock valued at $72,000 after acquiring an additional 75 shares during the last quarter. TD Private Client Wealth LLC grew its position in shares of NXP Semiconductors by 6.0% in the third quarter. TD Private Client Wealth LLC now owns 2,438 shares of the semiconductor provider’s stock valued at $585,000 after purchasing an additional 137 shares during the last quarter. Coldstream Capital Management Inc. increased its stake in shares of NXP Semiconductors by 34.5% during the 3rd quarter. Coldstream Capital Management Inc. now owns 3,915 shares of the semiconductor provider’s stock worth $939,000 after purchasing an additional 1,005 shares in the last quarter. Geode Capital Management LLC raised its position in shares of NXP Semiconductors by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 5,145,932 shares of the semiconductor provider’s stock worth $1,231,533,000 after purchasing an additional 57,762 shares during the last quarter. Finally, Savoie Capital LLC raised its position in shares of NXP Semiconductors by 17.3% during the 3rd quarter. Savoie Capital LLC now owns 17,002 shares of the semiconductor provider’s stock worth $4,081,000 after purchasing an additional 2,502 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

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.