NXP Semiconductors (NASDAQ:NXPI) Earns Buy Rating from Analysts at Loop Capital

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

NXPI has been the topic of several other research reports. Cantor Fitzgerald restated an “overweight” rating and issued a $270.00 target price on shares of NXP Semiconductors in a report on Monday, November 4th. The Goldman Sachs Group dropped their target price on shares of NXP Semiconductors from $285.00 to $277.00 in a report on Friday, October 11th. Morgan Stanley dropped their target price on shares of NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 6th. Needham & Company LLC dropped their target price on shares of NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Finally, Citigroup boosted their target price on shares of NXP Semiconductors from $150.00 to $220.00 and gave the company a “sell” rating in a report on Monday, July 15th. One analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $276.76.

NXP Semiconductors Stock Performance

Shares of NXP Semiconductors stock opened at $222.96 on Monday. 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 has a twelve month low of $190.17 and a twelve month high of $296.08. The stock has a market cap of $56.67 billion, a price-to-earnings ratio of 21.27, a P/E/G ratio of 4.27 and a beta of 1.49. The company’s fifty day moving average is $234.91 and its 200 day moving average is $253.29.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, topping 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 company had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.25 billion. During the same quarter in the previous year, the firm posted $3.31 earnings per share. NXP Semiconductors’s revenue for the quarter was down 5.4% on a year-over-year basis. Sell-side analysts forecast that NXP Semiconductors will post 11.43 EPS for the current year.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th were given a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date was Thursday, September 12th. NXP Semiconductors’s payout ratio is 38.74%.

Insiders Place Their Bets

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now directly owns 30,269 shares of the company’s stock, valued at approximately $7,033,002.15. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.11% of the stock is currently owned by insiders.

Institutional Investors Weigh In On NXP Semiconductors

Institutional investors have recently added to or reduced their stakes in the company. Family Firm Inc. bought a new position in shares of NXP Semiconductors during the 2nd quarter valued at approximately $27,000. Addison Advisors LLC grew its position in shares of NXP Semiconductors by 224.2% during the 2nd quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock valued at $29,000 after acquiring an additional 74 shares during the period. Valley National Advisers Inc. grew its position in shares of NXP Semiconductors by 71.2% during the 2nd quarter. Valley National Advisers Inc. now owns 125 shares of the semiconductor provider’s stock valued at $33,000 after acquiring an additional 52 shares during the period. Fortitude Family Office LLC grew its position in shares of NXP Semiconductors by 615.0% during the 2nd quarter. Fortitude Family Office LLC now owns 143 shares of the semiconductor provider’s stock valued at $38,000 after acquiring an additional 123 shares during the period. Finally, Beacon Capital Management LLC grew its position in shares of NXP Semiconductors by 36.4% during the 1st quarter. Beacon Capital Management LLC now owns 150 shares of the semiconductor provider’s stock valued at $37,000 after acquiring an additional 40 shares during the period. 90.54% of the stock is owned by institutional investors.

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.