NXP Semiconductors (NASDAQ:NXPI) had its price target increased by S&P Equity Research from $145.00 to $155.00 in a research report sent to investors on Friday, January 10th, The Fly reports. The analysts noted that the move was a valuation call.
A number of other equities research analysts have also weighed in on the company. Sanford C. Bernstein set a $125.00 price objective on NXP Semiconductors and gave the stock a buy rating in a research report on Wednesday, September 18th. Cowen boosted their price objective on NXP Semiconductors from $125.00 to $135.00 and gave the stock an outperform rating in a research report on Wednesday, October 30th. BMO Capital Markets upped their price target on NXP Semiconductors to $115.00 and gave the company a market perform rating in a research report on Wednesday, October 30th. Piper Jaffray Companies upped their target price on NXP Semiconductors from $130.00 to $140.00 and gave the company an overweight rating in a research report on Tuesday, December 17th. Finally, ValuEngine upgraded NXP Semiconductors from a sell rating to a hold rating in a research report on Tuesday, October 1st. Four research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. NXP Semiconductors presently has a consensus rating of Buy and a consensus target price of $132.89.
Shares of NASDAQ NXPI opened at $133.84 on Friday. The company has a market capitalization of $37.41 billion, a P/E ratio of 96.29, a P/E/G ratio of 1.50 and a beta of 1.24. The stock has a 50 day moving average of $125.32 and a 200-day moving average of $110.89. 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 $78.29 and a 12 month high of $135.48.
NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Monday, October 28th. The semiconductor provider reported $2.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.61 by $0.57. The firm had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.24 billion. NXP Semiconductors had a return on equity of 23.37% and a net margin of 4.51%. Analysts predict 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 issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend was Friday, December 13th. NXP Semiconductors’s dividend payout ratio (DPR) is 25.25%.
In other news, EVP Stephen Owen sold 1,639 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $118.00, for a total value of $193,402.00. Following the completion of the transaction, the executive vice president now directly owns 7,096 shares of the company’s stock, valued at $837,328. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Keith M. Shull sold 21,085 shares of the stock in a transaction on 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 completion of the sale, the executive vice president now owns 15,092 shares in the company, valued at approximately $1,801,230.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,416 shares of company stock valued at $4,245,127.
Several hedge funds have recently modified their holdings of the stock. Westwood Holdings Group Inc. purchased a new stake in NXP Semiconductors during the second quarter valued at about $25,000. Evoke Wealth LLC purchased a new position in shares of NXP Semiconductors in the third quarter worth about $35,000. Prestige Wealth Management Group LLC bought a new stake in shares of NXP Semiconductors in the second quarter worth about $39,000. Price Capital Management Inc. bought a new stake in shares of NXP Semiconductors in the fourth quarter worth about $51,000. Finally, CWM LLC grew its stake in shares of NXP Semiconductors by 29.6% in the third quarter. CWM LLC now owns 548 shares of the semiconductor provider’s stock worth $60,000 after purchasing an additional 125 shares during the last quarter. Institutional investors own 89.65% of the company’s stock.
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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