NXP Semiconductors (NASDAQ:NXPI) Raised to Buy at UBS Group

UBS Group upgraded shares of NXP Semiconductors (NASDAQ:NXPI) from a neutral rating to a buy rating in a research report report published on Monday morning, MarketBeat Ratings reports. They currently have $285.00 target price on the semiconductor provider’s stock, up from their previous target price of $275.00.

Several other research firms also recently issued reports on NXPI. Needham & Company LLC boosted their price objective on shares of NXP Semiconductors from $280.00 to $300.00 and gave the stock a buy rating in a report on Tuesday, July 23rd. Oppenheimer boosted their price objective on shares of NXP Semiconductors from $295.00 to $330.00 and gave the stock an outperform rating in a report on Friday, July 12th. Citigroup boosted their price objective on shares of NXP Semiconductors from $150.00 to $220.00 and gave the stock a sell rating in a report on Monday, July 15th. Truist Financial dropped their price objective on shares of NXP Semiconductors from $291.00 to $287.00 and set a buy rating on the stock in a report on Wednesday, July 24th. Finally, Stifel Nicolaus boosted their price objective on shares of NXP Semiconductors from $240.00 to $275.00 and gave the stock a hold rating in a report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, NXP Semiconductors presently has a consensus rating of Moderate Buy and a consensus target price of $291.47.

NXP Semiconductors Stock Down 0.9 %

NXP Semiconductors stock opened at $236.17 on Monday. The firm has a market cap of $60.16 billion, a price-to-earnings ratio of 22.07, a P/E/G ratio of 2.58 and a beta of 1.49. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.21 and a quick ratio of 1.52. NXP Semiconductors has a fifty-two week low of $167.21 and a fifty-two week high of $296.08. The firm has a fifty day moving average price of $239.98 and a two-hundred day moving average price of $253.35.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share for the quarter, topping analysts’ consensus estimates of $2.82 by $0.38. The firm had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.13 billion. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. The business’s revenue was down 5.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.04 EPS. As a group, analysts forecast that NXP Semiconductors will post 11.97 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th were issued a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend was Thursday, September 12th. NXP Semiconductors’s payout ratio is 37.94%.

Insider Transactions at NXP Semiconductors

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

Institutional Trading of NXP Semiconductors

Several hedge funds have recently modified their holdings of NXPI. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in shares of NXP Semiconductors by 893.2% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,332,578 shares of the semiconductor provider’s stock valued at $535,747,000 after purchasing an additional 2,097,727 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of NXP Semiconductors by 17.3% during the first quarter. Vanguard Group Inc. now owns 12,921,432 shares of the semiconductor provider’s stock valued at $3,201,543,000 after purchasing an additional 1,909,898 shares during the last quarter. Bessemer Group Inc. boosted its stake in NXP Semiconductors by 4,525.6% in the first quarter. Bessemer Group Inc. now owns 356,774 shares of the semiconductor provider’s stock valued at $88,399,000 after acquiring an additional 349,061 shares during the last quarter. Westfield Capital Management Co. LP boosted its stake in NXP Semiconductors by 974.4% in the first quarter. Westfield Capital Management Co. LP now owns 374,539 shares of the semiconductor provider’s stock valued at $92,799,000 after acquiring an additional 339,678 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in NXP Semiconductors by 1,882.8% in the second quarter. Assenagon Asset Management S.A. now owns 343,522 shares of the semiconductor provider’s stock valued at $92,438,000 after acquiring an additional 326,197 shares during the last quarter. 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.