NXP Semiconductors N.V. (NASDAQ: NXPI) stock jumped 2.89% on Thursday to $171.34 against a previous-day closing price of $166.52. With 2.83 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.98 million shares. During the session, the Semiconductors company that operates in wider Technology sector, reached to the highest price of $171.80 whereas the lowest price it dropped to was $163.26. The 52-week range on NXPI shows that it touched its highest point at $198.28 and its lowest point at $132.08 during that stretch. It currently has a 1-year price target of $195.92. With its current market cap of 44.68 billion, NXPI has annualized dividend of $4.06 while the current yield stands at 2.37%. Beta for the stock currently stands at 1.50.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of NXPI was down-trending over the past week, with a drop of -2.45%, but this was up by 3.62% over a month. Three-month performance dropped to -3.12% while six-month performance fell -1.19%. The stock lost -4.34% in the past year, while it has gained 8.42% so far this year. A look at the trailing 12-month EPS for NXPI yields 10.43 with Next year EPS estimates of 14.37. For the next quarter, that number is 3.29. This implies an EPS growth rate of 55.50% for this year and 7.79% for next year. EPS is expected to grow by 7.70% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 19.80%.
Float and Shares Shorts:
At present, 259.58 million NXPI shares are outstanding with a float of 258.38 million shares on hand for trading. On May 14, 2023, short shares totaled 6.19 million, which was 2.38% higher than short shares on Apr 13, 2023. In addition to Mr. Kurt Sievers as the firm’s Pres, CEO & Exec. Director, Mr. William J. Betz serves as its Exec. VP & CFO.
Through their ownership of 94.55% of NXPI’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 61.73% of NXPI, in contrast to 31.66% held by mutual funds. Shares owned by individuals account for 0.50%. As the largest shareholder in NXPI with 8.64% of the stake, Fidelity Management & Research Co holds 22,429,169 shares worth 22,429,169. A second-largest stockholder of NXPI, JPMorgan Investment Management, I, holds 18,482,076 shares, controlling over 7.12% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in NXPI, holding 10,407,990 shares or 4.01% stake. With a 2.34% stake in NXPI, the Vanguard 500 Index Fund is the largest stakeholder. A total of 6,082,322 shares are owned by the mutual fund manager. The T Rowe Price Capital Appreciation, which owns about 1.73% of NXPI stock, is the second-largest Mutual Fund holder. It holds 4,478,282 shares valued at 733.27 million. Fidelity Select Port. – Semicondu holds 1.64% of the stake in NXPI, owning 4,243,214 shares worth 694.78 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Apr 01, 2023, NXPI reported revenue of $3.31B and operating income of $941.00M. The EBITDA in the recently reported quarter was $1.25B and diluted EPS was $2.53.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NXPI since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With NXPI analysts setting a high price target of $250.00 and a low target of $165.00, the average target price over the next 12 months is $198.71. Based on these targets, NXPI could surge 45.91% to reach the target high and fall by -3.7% to reach the target low. Reaching the average price target will result in a growth of 15.97% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Dividends & Yield:
In terms of dividends, NXPI has a current ratio of $4.06, which is $4.06 over the trailing 12-months, while a dividend of $1.76 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and NXPI currently yields $2.07. In the past year, NXPI’s dividend yield has been $2.07, but when looking at the stock over the past five years, its yield has been $1.16. Accordingly, NXPI has a current buyback yield of $1.99. This was $1.99 for the TTM, and it was $6.85 for the past five years.
Summary of Insider Activity:
Insiders traded NXPI stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 39 while that of sell transactions has risen to 39 over the past year. The total number of shares bought during that period was 119,061 while 55,572 shares were sold.