NXP Semiconductors (NASDAQ:NXPI) Upgraded at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of NXP Semiconductors (NASDAQ:NXPI) from a neutral rating to a buy rating in a report published on Friday, Marketbeat.com reports. The Goldman Sachs Group currently has $257.00 price target on the semiconductor provider’s stock, down from their prior price target of $260.00.

A number of other analysts have also recently commented on NXPI. Needham & Company LLC cut their price objective on NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. UBS Group cut their price target on shares of NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Stifel Nicolaus decreased their price objective on shares of NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating on the stock in a report on Thursday, October 17th. Loop Capital initiated coverage on shares of NXP Semiconductors in a research note on Monday, November 11th. They set a “buy” rating and a $300.00 target price for the company. Finally, Susquehanna decreased their price target on shares of NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $273.19.

NXP Semiconductors Price Performance

NASDAQ:NXPI opened at $206.75 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.35 and a quick ratio of 1.60. The company has a 50 day moving average price of $219.62 and a 200-day moving average price of $237.91. NXP Semiconductors has a 1-year low of $201.58 and a 1-year high of $296.08. The firm has a market cap of $52.55 billion, a price-to-earnings ratio of 19.73, a price-to-earnings-growth ratio of 4.37 and a beta of 1.47.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, topping analysts’ consensus estimates of $3.43 by $0.02. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The business had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.25 billion. During the same quarter in the prior year, the firm posted $3.31 earnings per share. The company’s revenue was down 5.4% compared to the same quarter last year. Equities research analysts forecast that NXP Semiconductors will post 11.33 EPS for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th were paid a dividend of $1.014 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $4.06 annualized dividend and a yield of 1.96%. NXP Semiconductors’s dividend payout ratio (DPR) is 38.65%.

Hedge Funds Weigh In On NXP Semiconductors

Hedge funds have recently modified their holdings of the business. ORG Wealth Partners LLC grew its position in NXP Semiconductors by 915.4% in the 4th quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock valued at $27,000 after acquiring an additional 119 shares in the last quarter. FSA Wealth Management LLC acquired a new position in NXP Semiconductors in the third quarter valued at $33,000. Fortitude Family Office LLC grew its stake in NXP Semiconductors by 52.4% during the 4th quarter. Fortitude Family Office LLC now owns 218 shares of the semiconductor provider’s stock worth $45,000 after buying an additional 75 shares during the last quarter. Valley Wealth Managers Inc. purchased a new stake in NXP Semiconductors in the 2nd quarter valued at $48,000. Finally, Avior Wealth Management LLC grew its holdings in shares of NXP Semiconductors by 182.1% during the third quarter. Avior Wealth Management LLC now owns 220 shares of the semiconductor provider’s stock worth $53,000 after buying an additional 142 shares during the last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

About NXP Semiconductors

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.