NXP Semiconductors (NASDAQ:NXPI) Upgraded at Morgan Stanley

Morgan Stanley upgraded shares of NXP Semiconductors (NASDAQ:NXPI) from an equal weight rating to an overweight rating in a research note released on Wednesday morning, Marketbeat.com reports. They currently have $257.00 target price on the semiconductor provider’s stock, up from their prior target price of $231.00.

NXPI has been the subject of a number of other research reports. Oppenheimer reduced their target price on NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. JPMorgan Chase & Co. lowered their target price on shares of NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Mizuho set a $290.00 price objective on shares of NXP Semiconductors in a report on Friday, October 18th. Loop Capital assumed coverage on shares of NXP Semiconductors in a report on Monday, November 11th. They issued a “buy” rating and a $300.00 target price on the stock. Finally, Truist Financial decreased their target price on shares of NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Five investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $264.45.

NXP Semiconductors Stock Performance

Shares of NXP Semiconductors stock opened at $224.14 on Wednesday. NXP Semiconductors has a 1 year low of $198.21 and a 1 year high of $296.08. The firm’s 50-day moving average is $213.05 and its 200 day moving average is $228.56. The stock has a market cap of $56.97 billion, a price-to-earnings ratio of 23.04, a PEG ratio of 2.64 and a beta of 1.46. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60.

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th were given a $1.014 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.81%. NXP Semiconductors’s payout ratio is currently 41.62%.

Institutional Trading of NXP Semiconductors

Institutional investors and hedge funds have recently modified their holdings of the company. GDS Wealth Management increased its stake in NXP Semiconductors by 7.7% in the 3rd quarter. GDS Wealth Management now owns 55,740 shares of the semiconductor provider’s stock worth $13,378,000 after buying an additional 3,985 shares in the last quarter. HITE Hedge Asset Management LLC purchased a new stake in shares of NXP Semiconductors during the third quarter worth about $13,445,000. Merit Financial Group LLC bought a new stake in NXP Semiconductors during the 4th quarter valued at approximately $360,000. Banque Cantonale Vaudoise lifted its holdings in NXP Semiconductors by 60.2% in the 3rd quarter. Banque Cantonale Vaudoise now owns 25,850 shares of the semiconductor provider’s stock worth $6,204,000 after purchasing an additional 9,710 shares in the last quarter. Finally, Austin Private Wealth LLC boosted its stake in NXP Semiconductors by 140.6% in the 4th quarter. Austin Private Wealth LLC now owns 3,198 shares of the semiconductor provider’s stock worth $665,000 after purchasing an additional 1,869 shares during the period. 90.54% of the stock is currently owned by 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.