Analysts Set NXP Semiconductors (NASDAQ:NXPI) PT at $288.90

Shares of NXP Semiconductors (NASDAQ:NXPI) have been given an average recommendation of “Moderate Buy” by the nineteen analysts that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $288.90.

NXPI has been the topic of a number of research analyst reports. StockNews.com cut shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Needham & Company LLC boosted their price target on NXP Semiconductors from $280.00 to $300.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. TD Cowen dropped their price target on NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Truist Financial reduced their price objective on NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Finally, Stifel Nicolaus dropped their target price on shares of NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating for the company in a research report on Thursday, October 17th.

NXP Semiconductors Price Performance

NXPI opened at $238.59 on Friday. NXP Semiconductors has a 1 year low of $173.31 and a 1 year high of $296.08. The company’s 50 day simple moving average is $237.56 and its 200 day simple moving average is $252.81. The stock has a market capitalization of $60.78 billion, a PE ratio of 22.30, a P/E/G ratio of 2.65 and a beta of 1.49. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.52 and a current ratio of 2.21.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th were paid a dividend of $1.014 per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $4.06 annualized dividend and a dividend yield of 1.70%. NXP Semiconductors’s dividend payout ratio is presently 37.94%.

Insider Buying and Selling

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 30,269 shares in the company, valued at $7,033,002.15. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.11% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Future Financial Wealth Managment LLC acquired a new position in NXP Semiconductors in the first quarter worth about $25,000. Wealthcare Advisory Partners LLC increased its holdings in shares of NXP Semiconductors by 8.4% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 3,902 shares of the semiconductor provider’s stock valued at $967,000 after acquiring an additional 304 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of NXP Semiconductors by 6.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 30,037 shares of the semiconductor provider’s stock valued at $7,442,000 after acquiring an additional 1,701 shares in the last quarter. Artemis Investment Management LLP raised its position in shares of NXP Semiconductors by 77.2% during the 1st quarter. Artemis Investment Management LLP now owns 20,314 shares of the semiconductor provider’s stock valued at $5,031,000 after acquiring an additional 8,848 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. bought a new position in NXP Semiconductors during the first quarter worth $250,000. 90.54% of the stock is owned by institutional investors and hedge funds.

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.