NXP Semiconductors (NASDAQ:NXPI) Upgraded to “Buy” at StockNews.com

StockNews.com upgraded shares of NXP Semiconductors (NASDAQ:NXPI) from a hold rating to a buy rating in a report released on Tuesday.

Several other research analysts have also recently commented on NXPI. Needham & Company LLC reduced their target price on shares of NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Mizuho set a $290.00 price target on NXP Semiconductors in a research report on Friday, October 18th. Wells Fargo & Company began coverage on shares of NXP Semiconductors in a research note on Friday, November 22nd. They issued an “overweight” rating and a $250.00 target price for the company. 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 research note on Wednesday, November 6th. Finally, Evercore ISI dropped their target price on shares of NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and a consensus price target of $271.60.

NXP Semiconductors Stock Down 0.2 %

NASDAQ:NXPI opened at $214.88 on Tuesday. The stock has a market cap of $54.61 billion, a price-to-earnings ratio of 20.50, a PEG ratio of 3.23 and a beta of 1.47. The company has a current ratio of 2.35, a quick ratio of 1.60 and a debt-to-equity ratio of 0.99. The stock has a 50-day moving average price of $217.27 and a two-hundred day moving average price of $235.49. NXP Semiconductors has a 1 year low of $202.25 and a 1 year high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, beating analysts’ consensus estimates of $3.43 by $0.02. The firm had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.25 billion. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The business’s revenue was down 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.31 earnings per share. As a group, equities analysts expect that NXP Semiconductors will post 11.33 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th were given a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date was Thursday, December 5th. NXP Semiconductors’s dividend payout ratio is presently 38.74%.

Institutional Investors Weigh In On NXP Semiconductors

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. GDS Wealth Management increased its holdings in shares of NXP Semiconductors by 7.7% during the third 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 bought a new stake in shares of NXP Semiconductors during the third quarter worth about $13,445,000. Banque Cantonale Vaudoise raised 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 valued at $6,204,000 after buying an additional 9,710 shares during the last quarter. Mackenzie Financial Corp grew its holdings in NXP Semiconductors by 21.1% during the 2nd quarter. Mackenzie Financial Corp now owns 154,293 shares of the semiconductor provider’s stock worth $41,519,000 after acquiring an additional 26,851 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of NXP Semiconductors by 1.9% during the third quarter. Principal Financial Group Inc. now owns 303,895 shares of the semiconductor provider’s stock valued at $72,938,000 after acquiring an additional 5,722 shares during the last quarter. 90.54% of the stock is owned by 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.