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 Thursday.

Several other research firms have also issued reports on NXPI. Stifel Nicolaus boosted their price target on NXP Semiconductors from $190.00 to $210.00 and gave the company a hold rating in a report on Tuesday, January 2nd. Truist Financial upped their price objective on NXP Semiconductors from $264.00 to $265.00 and gave the stock a buy rating in a research note on Wednesday, February 7th. Susquehanna upped their price objective on NXP Semiconductors from $200.00 to $225.00 and gave the stock a neutral rating in a research note on Wednesday, February 7th. Morgan Stanley upped their price objective on NXP Semiconductors from $221.00 to $224.00 and gave the stock an equal weight rating in a research note on Wednesday, February 7th. Finally, Cantor Fitzgerald reaffirmed an overweight rating and issued a $270.00 price objective on shares of NXP Semiconductors in a research note on Monday, March 4th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus price target of $238.75.

NXP Semiconductors Stock Performance

NASDAQ:NXPI opened at $247.77 on Thursday. The stock has a 50-day simple moving average of $235.04 and a two-hundred day simple moving average of $213.99. NXP Semiconductors has a 52-week low of $155.31 and a 52-week high of $264.26. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.39 and a current ratio of 1.91. The firm has a market capitalization of $63.54 billion, a PE ratio of 23.13, a P/E/G ratio of 0.90 and a beta of 1.60.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.33 by $0.04. NXP Semiconductors had a return on equity of 38.94% and a net margin of 21.07%. The business had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.40 billion. Analysts forecast that NXP Semiconductors will post 12.28 EPS for the current year.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 10th. Shareholders of record on Thursday, March 21st will be given a dividend of $1.014 per share. The ex-dividend date is Wednesday, March 20th. This represents a $4.06 dividend on an annualized basis and a yield of 1.64%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 37.91%.

Insider Buying and Selling at NXP Semiconductors

In other news, EVP Jennifer Wuamett sold 2,120 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $227.26, for a total transaction of $481,791.20. Following the transaction, the executive vice president now owns 38,229 shares of the company’s stock, valued at $8,687,922.54. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Invera Wealth Advisors LLC bought a new position in shares of NXP Semiconductors during the fourth quarter valued at approximately $1,786,000. Kentucky Retirement Systems bought a new position in NXP Semiconductors in the third quarter worth approximately $4,272,000. Raymond James Financial Services Advisors Inc. grew its stake in NXP Semiconductors by 3.4% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 593,264 shares of the semiconductor provider’s stock worth $118,605,000 after purchasing an additional 19,554 shares in the last quarter. Qube Research & Technologies Ltd bought a new position in NXP Semiconductors in the third quarter worth approximately $16,920,000. Finally, Act Two Investors LLC grew its stake in NXP Semiconductors by 2.8% in the third quarter. Act Two Investors LLC now owns 145,654 shares of the semiconductor provider’s stock worth $29,119,000 after purchasing an additional 3,929 shares in the last quarter. Institutional investors own 90.54% of the company’s stock.

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.