Fidelity Management & Research Co recently announced the acquisition of new stake in NXP Semiconductors N.V. (NASDAQ:NXPI). The institutional investor has increased its shareholding in the Technology company by 4.02% to 20.76 million shares with purchase of 0.8 million shares. This fresh investment now brings its stake to 8.01% valued currently at $3.71 billion. In addition, JPMorgan Investment Management, I raised its holdings by 0.76 million to 18.16 million shares. And BlackRock Fund Advisors has lifted its position by 1.82% or 0.19 million shares – to 10.57 million shares.
With over 2.23 million NXP Semiconductors N.V. (NXPI) shares trading Monday and a closing price of $174.93 on the day, the dollar volume was approximately $389.24 million. The shares have shown a positive half year performance of 4.04% and its price on 03/13/23 lost nearly -0.07%. Currently, there are 259.66M common shares owned by the public and among those 258.38M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 28 analysts who have offered their price forecasts for NXPI have a consensus price objective of $197.40. The analysts have set the share’s price value over the next 12 months at a high of $240.00 and a low of $160.00. The average price target is 10.45% above its recent price level and a downside to the estimated low will see the stock lose -9.33% over that period. But an upside of 27.11% will see the stock hit the forecast high price target while median target price for the stock is $200.00.
Insiders at the company have transacted a total of 79 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 40 of these insider trades were purchases, accounting for 119,196 shares. Insider sales of the common stock occurred on 39 occasions, with total insider shares sold totaling 55,572 shares.
The top 3 mutual fund holders in NXP Semiconductors N.V. are Vanguard 500 Index Fund, T Rowe Price Capital Appreciation, and Fidelity Select Port. – Semicondu. Vanguard 500 Index Fund owns 6.0 million shares of the company’s stock, all valued at over $1.07 billion. The company bought an additional 14220.0 shares recently to bring their total holdings to about 2.32% of the shares outstanding. T Rowe Price Capital Appreciation sold -0.64 million shares to see its total holdings shrink to 5.15 million shares valued at over $919.74 million and representing 1.99% of the shares outstanding. Fidelity Select Port. – Semicondu now owns shares totaling to 1.52% of the shares outstanding.
Shares of NXP Semiconductors N.V. (NASDAQ: NXPI) opened at $173.02, down -$2.03 from a prior closing price of $175.05. However, the script later moved the day high at 177.79, down -0.07%. The company’s stock has a 5-day price change of -2.78% and 2.02% over the past three months. NXPI shares are trading 10.69% year to date (YTD), with the 12-month market performance down to -3.09% lower. It has a 12-month low price of $132.08 and touched a high of $198.28 over the same period. NXPI has an average intraday trading volume of 2.03 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -4.09%, -1.05%, and 4.29% respectively.
Institutional ownership of NXP Semiconductors N.V. (NASDAQ: NXPI) shares accounts for 94.10% of the company’s 259.66M shares outstanding. Mutual fund holders own 32.29%, while other institutional holders and individual stakeholders account for 60.74% and 0.51% respectively.
It has a market capitalization of $46.64B and a beta (3y monthly) value of 1.53. The stock’s trailing 12-month PE ratio is 16.57, while the earnings-per-share (ttm) stands at $10.56. The company has a PEG of 1.66 and a Quick Ratio of 1.60 with the debt-to-equity ratio at 0.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.36% over the week and 2.70% over the month.
Analysts forecast that NXP Semiconductors N.V. (NXPI) will achieve an EPS of $3.02 for the current quarter, $2.95 for the next quarter and $13.84 for 2024. The lowest estimate earnings-per-share for the quarter is $3 while analysts give the company a high EPS estimate of $3.06. Comparatively, EPS for the current quarter was $3.34 a year ago. Earnings per share for the fiscal year are expected to increase by 55.50%, and 10.65% over the next financial year. EPS should shrink at an annualized rate of 9.97% over the next five years, compared to 19.80% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 28 brokerage firm advisors rate NXP Semiconductors N.V. (NXPI) as a “Moderate Buy” at a consensus score of 2.30. Specifically, 12 Wall Street analysts polled rate the stock as a buy, while 13 of the 28 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the NXPI, a number of firms have released research notes about the stock. UBS stated their Neutral rating for the stock in a research note on January 10, 2023, with the firm’s price target at $160-$167. Credit Suisse coverage for the NXP Semiconductors N.V. (NXPI) stock in a research note released on November 16, 2022 offered a Neutral rating with a price target of $195. Barclays was of a view on October 24, 2022 that the stock is Equal Weight, while Citigroup gave the stock Neutral rating on April 19, 2022, issuing a price target of $240- $190. Piper Sandler on their part issued Neutral rating on January 20, 2022.
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