Shares of NXP Semiconductors NV (NASDAQ:NXPI) have received a consensus recommendation of “Buy” from the twenty-four analysts that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $101.78.
A number of analysts have recently weighed in on the stock. ValuEngine raised shares of Valmont Industries from a “sell” rating to a “hold” rating in a report on Friday, July 12th. Morgan Stanley restated a “neutral” rating and set a $230.00 price target on shares of Tesla in a research note on Wednesday, June 12th. Mizuho raised their price target on NXP Semiconductors from $95.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. Barclays restated a “buy” rating on shares of NXP Semiconductors in a research note on Sunday, May 5th. Finally, BidaskClub lowered Vertex Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Tuesday, July 9th.
A number of hedge funds have recently modified their holdings of NXPI. Norges Bank purchased a new stake in shares of NXP Semiconductors in the fourth quarter valued at $234,256,000. Pictet Asset Management Ltd. lifted its stake in shares of NXP Semiconductors by 14.8% in the first quarter. Pictet Asset Management Ltd. now owns 3,101,888 shares of the semiconductor provider’s stock valued at $274,176,000 after buying an additional 400,506 shares during the period. Legal & General Group Plc lifted its stake in NXP Semiconductors by 3.3% during the fourth quarter. Legal & General Group Plc now owns 2,078,146 shares of the semiconductor provider’s stock worth $152,286,000 after purchasing an additional 67,267 shares during the period. FIL Ltd increased its holdings in shares of NXP Semiconductors by 0.8% during the first quarter. FIL Ltd now owns 2,052,978 shares of the semiconductor provider’s stock worth $181,462,000 after buying an additional 15,872 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of NXP Semiconductors by 14.8% in the fourth quarter. Geode Capital Management LLC now owns 1,845,502 shares of the semiconductor provider’s stock valued at $134,797,000 after purchasing an additional 238,164 shares in the last quarter. 76.00% of the stock is owned by institutional investors and hedge funds.
NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Monday, April 29th. The semiconductor provider reported $1.72 EPS for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.47. NXP Semiconductors had a net margin of 23.06% and a return on equity of 18.33%. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.09 billion. Research analysts forecast that NXP Semiconductors will post 6.56 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 5th. Investors of record on Friday, June 14th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.04%. The ex-dividend date was Thursday, June 13th. NXP Semiconductors’s dividend payout ratio is currently 16.84%.
About NXP Semiconductors
NXP Semiconductors N.V., a semiconductor company, provides high performance mixed signal solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. The company offers products for audio and visual head-end unit applications, such as single-chip radio solutions, multi-standard radios, audio amplifiers and power analog products, and i.MX applications processors; in-vehicle networking products; two-way secure entry products; various sensors and microcontrollers; power management solutions; battery cell controllers; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.
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