Citic Securities Begins Coverage on NXP Semiconductors (NASDAQ:NXPI)

Citic Securities initiated coverage on shares of NXP Semiconductors (NASDAQ:NXPI) in a research report report published on Friday. The firm issued a $288.00 price target on the semiconductor provider’s stock.

Several other research firms have also issued reports on NXPI. Stifel Nicolaus lifted their target price on NXP Semiconductors from $240.00 to $275.00 and gave the company a hold rating in a research note on Thursday, July 18th. Cantor Fitzgerald cut their price objective on shares of NXP Semiconductors from $350.00 to $270.00 and set an overweight rating on the stock in a research report on Tuesday, October 8th. Oppenheimer increased their target price on shares of NXP Semiconductors from $295.00 to $330.00 and gave the company an outperform rating in a research report on Friday, July 12th. Morgan Stanley lowered their target price on shares of NXP Semiconductors from $275.00 to $271.00 and set an equal weight rating for the company in a research note on Wednesday, July 24th. Finally, TD Cowen reduced their price target on NXP Semiconductors from $330.00 to $310.00 and set a buy rating on the stock in a research report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, NXP Semiconductors has a consensus rating of Moderate Buy and an average price target of $291.40.

NXP Semiconductors Trading Up 2.2 %

NASDAQ:NXPI opened at $243.44 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.52 and a current ratio of 2.21. The firm has a 50-day simple moving average of $240.00 and a 200-day simple moving average of $253.34. NXP Semiconductors has a one year low of $167.21 and a one year high of $296.08. The firm has a market cap of $62.24 billion, a P/E ratio of 22.48, a P/E/G ratio of 2.58 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Monday, July 22nd. The semiconductor provider reported $3.20 EPS for the quarter, topping analysts’ consensus estimates of $2.82 by $0.38. The company had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.13 billion. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. NXP Semiconductors’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.04 earnings per share. Equities analysts anticipate that NXP Semiconductors will post 11.97 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business 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. The ex-dividend date was Thursday, September 12th. This represents a $4.06 annualized dividend and a yield of 1.67%. NXP Semiconductors’s dividend payout ratio is presently 37.40%.

Insider Activity

In other news, insider Julie Southern purchased 146 shares of the stock in a transaction that occurred on Tuesday, July 30th. The shares were purchased at an average cost of $257.54 per share, with a total value of $37,600.84. Following the completion of the acquisition, the insider now owns 11,297 shares of the company’s stock, valued at approximately $2,909,429.38. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other NXP Semiconductors news, insider Julie Southern purchased 146 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The stock was purchased at an average price of $257.54 per share, for a total transaction of $37,600.84. Following the purchase, the insider now directly owns 11,297 shares in the company, valued at approximately $2,909,429.38. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jennifer Wuamett sold 3,500 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total value of $813,225.00. Following the transaction, the executive vice president now owns 30,269 shares in the company, valued at $7,033,002.15. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.11% of the company’s stock.

Institutional Investors Weigh In On NXP Semiconductors

Several institutional investors and hedge funds have recently added to or reduced their stakes in NXPI. Drive Wealth Management LLC grew its stake in NXP Semiconductors by 4.3% during the 2nd quarter. Drive Wealth Management LLC now owns 953 shares of the semiconductor provider’s stock valued at $257,000 after acquiring an additional 39 shares in the last quarter. Beacon Capital Management LLC increased its holdings in shares of NXP Semiconductors by 36.4% in the first quarter. Beacon Capital Management LLC now owns 150 shares of the semiconductor provider’s stock valued at $37,000 after purchasing an additional 40 shares during the last quarter. Patten Group Inc. grew its holdings in NXP Semiconductors by 1.2% in the 2nd quarter. Patten Group Inc. now owns 3,454 shares of the semiconductor provider’s stock valued at $929,000 after buying an additional 42 shares in the last quarter. West Paces Advisors Inc. increased its stake in shares of NXP Semiconductors by 3.1% in the 2nd quarter. West Paces Advisors Inc. now owns 1,500 shares of the semiconductor provider’s stock worth $404,000 after acquiring an additional 45 shares during the last quarter. Finally, Octavia Wealth Advisors LLC raised its holdings in shares of NXP Semiconductors by 5.4% during the 2nd quarter. Octavia Wealth Advisors LLC now owns 880 shares of the semiconductor provider’s stock worth $238,000 after acquiring an additional 45 shares during the period. Hedge funds and other institutional investors own 90.54% of the company’s stock.

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.