Loop Capital Initiates Coverage on NXP Semiconductors (NASDAQ:NXPI)

Loop Capital initiated coverage on shares of NXP Semiconductors (NASDAQ:NXPI) in a report issued on Monday, MarketBeat.com reports. The firm issued a buy rating and a $300.00 price target on the semiconductor provider’s stock.

Other analysts have also recently issued reports about the stock. The Goldman Sachs Group lowered their target price on shares of NXP Semiconductors from $285.00 to $277.00 in a research note on Friday, October 11th. Truist Financial lowered their target price on shares of NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Barclays lowered their target price on shares of NXP Semiconductors from $330.00 to $280.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. Citic Securities started coverage on shares of NXP Semiconductors in a research note on Friday, October 11th. They issued a $288.00 target price on the stock. Finally, Stifel Nicolaus lowered their target price on shares of NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating on the stock in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $276.76.

NXP Semiconductors Stock Performance

Shares of NXPI stock opened at $222.96 on Monday. The stock has a market capitalization of $56.67 billion, a P/E ratio of 21.27, a PEG ratio of 4.27 and a beta of 1.49. The company has a current ratio of 2.35, a quick ratio of 1.60 and a debt-to-equity ratio of 0.99. The firm’s 50 day moving average is $234.91 and its 200 day moving average is $253.29. NXP Semiconductors has a 12 month low of $190.17 and a 12 month high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, beating analysts’ consensus estimates of $3.43 by $0.02. The company had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.25 billion. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. NXP Semiconductors’s revenue was down 5.4% compared to the same quarter last year. During the same period in the prior year, the company posted $3.31 EPS. On average, sell-side analysts anticipate that NXP Semiconductors will post 11.43 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Thursday, September 12th were given a dividend of $1.014 per share. The ex-dividend date was Thursday, September 12th. This represents a $4.06 dividend on an annualized basis and a yield of 1.82%. NXP Semiconductors’s dividend payout ratio (DPR) is currently 38.74%.

Insider Activity at NXP Semiconductors

In related news, EVP Jennifer Wuamett sold 3,500 shares of NXP Semiconductors stock in a transaction dated 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 transaction, the executive vice president now directly owns 30,269 shares of the company’s stock, valued at $7,033,002.15. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.11% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Family Firm Inc. purchased a new position in NXP Semiconductors during the 2nd quarter valued at about $27,000. Addison Advisors LLC lifted its stake in shares of NXP Semiconductors by 224.2% in the second quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock worth $29,000 after buying an additional 74 shares in the last quarter. Valley National Advisers Inc. lifted its stake in shares of NXP Semiconductors by 71.2% in the second quarter. Valley National Advisers Inc. now owns 125 shares of the semiconductor provider’s stock worth $33,000 after buying an additional 52 shares in the last quarter. Beacon Capital Management LLC lifted its stake 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 worth $37,000 after buying an additional 40 shares in the last quarter. Finally, Fortitude Family Office LLC lifted its stake in shares of NXP Semiconductors by 615.0% in the second quarter. Fortitude Family Office LLC now owns 143 shares of the semiconductor provider’s stock worth $38,000 after buying an additional 123 shares in the last quarter. 90.54% of the stock is owned by hedge funds and other 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.