NXP Semiconductors (NASDAQ:NXPI) had its price target raised by S&P Equity Research from $145.00 to $155.00 in a research report report published on Friday, January 10th, The Fly reports. The analysts noted that the move was a valuation call.
A number of other research analysts have also issued reports on NXPI. ValuEngine raised shares of NXP Semiconductors from a sell rating to a hold rating in a research note on Tuesday, October 1st. BMO Capital Markets increased their price objective on NXP Semiconductors to $115.00 and gave the stock a market perform rating in a report on Wednesday, October 30th. Needham & Company LLC reaffirmed a buy rating and set a $140.00 target price on shares of NXP Semiconductors in a research note on Tuesday, October 29th. Zacks Investment Research cut NXP Semiconductors from a buy rating to a hold rating in a research note on Saturday, January 4th. Finally, TheStreet cut shares of NXP Semiconductors from a b rating to a c+ rating in a research note on Tuesday, October 29th. Four equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $131.94.
Shares of NASDAQ:NXPI traded down $0.34 during trading on Friday, reaching $133.84. 2,250,696 shares of the company’s stock traded hands, compared to its average volume of 1,794,046. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.90 and a quick ratio of 1.54. The company has a 50 day moving average of $125.32 and a 200-day moving average of $110.89. The stock has a market capitalization of $37.51 billion, a P/E ratio of 16.88, a price-to-earnings-growth ratio of 1.50 and a beta of 1.24. NXP Semiconductors has a 12 month low of $78.29 and a 12 month high of $135.48.
NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data 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 firm had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.24 billion. Equities research analysts predict that NXP Semiconductors will post 6.4 earnings per share 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 given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.12%. The ex-dividend date was Friday, December 13th. NXP Semiconductors’s payout ratio is 25.25%.
In other NXP Semiconductors news, EVP Keith M. Shull sold 21,085 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was 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 of the company’s stock, valued at approximately $1,801,230.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Stephen Owen sold 8,294 shares of NXP Semiconductors stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $122.00, for a total value of $1,011,868.00. Following the sale, the executive vice president now owns 1,883 shares of the company’s stock, valued at $229,726. The disclosure for this sale can be found here. Insiders sold 35,416 shares of company stock valued at $4,245,127 in the last 90 days.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Westwood Holdings Group Inc. bought a new position in shares of NXP Semiconductors in the second quarter worth about $25,000. Evoke Wealth LLC acquired a new stake in NXP Semiconductors in the 3rd quarter valued at approximately $35,000. Prestige Wealth Management Group LLC bought a new position in NXP Semiconductors in the 2nd quarter worth approximately $39,000. Price Capital Management Inc. acquired a new position in shares of NXP Semiconductors during the fourth quarter worth approximately $51,000. Finally, CWM LLC boosted its position in shares of NXP Semiconductors by 29.6% in the third quarter. CWM LLC now owns 548 shares of the semiconductor provider’s stock valued at $60,000 after acquiring an additional 125 shares during the period. Hedge funds and other institutional investors own 89.64% of the company’s stock.
About NXP Semiconductors
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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