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

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

Other research analysts have also issued reports about the stock. Barclays upgraded shares of NXP Semiconductors from an equal weight rating to an overweight rating and upped their target price for the stock from $200.00 to $260.00 in a research report on Tuesday, January 16th. TD Cowen upped their target price on shares of NXP Semiconductors from $270.00 to $300.00 and gave the stock an outperform rating in a research report on Tuesday, March 12th. Truist Financial upped their target price on shares of NXP Semiconductors from $264.00 to $265.00 and gave the stock a buy rating in a research report on Wednesday, February 7th. Mizuho upped their price target on shares of NXP Semiconductors from $220.00 to $225.00 and gave the company a neutral rating in a research report on Wednesday, February 7th. Finally, Cantor Fitzgerald upped their price target on shares of NXP Semiconductors from $270.00 to $290.00 and gave the company an overweight rating in a research report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, NXP Semiconductors currently has a consensus rating of Moderate Buy and an average target price of $242.29.

NXP Semiconductors Stock Up 0.2 %

NXPI opened at $230.68 on Tuesday. NXP Semiconductors has a one year low of $155.31 and a one year high of $264.26. The company has a fifty day moving average price of $241.82 and a 200-day moving average price of $218.35. The firm has a market capitalization of $59.16 billion, a P/E ratio of 21.54, a price-to-earnings-growth ratio of 0.88 and a beta of 1.59. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.91 and a quick ratio of 1.39.

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

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Thursday, March 21st were paid a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.76%. The ex-dividend date was Wednesday, March 20th. NXP Semiconductors’s dividend payout ratio (DPR) is 37.91%.

Hedge Funds Weigh In On NXP Semiconductors

A number of institutional investors have recently bought and sold shares of the stock. Lincoln National Corp raised its stake in NXP Semiconductors by 1.9% in the fourth quarter. Lincoln National Corp now owns 2,473 shares of the semiconductor provider’s stock worth $568,000 after buying an additional 46 shares in the last quarter. RFG Advisory LLC raised its stake in NXP Semiconductors by 1.6% in the first quarter. RFG Advisory LLC now owns 2,987 shares of the semiconductor provider’s stock worth $740,000 after buying an additional 47 shares in the last quarter. IMPACTfolio LLC raised its stake in NXP Semiconductors by 4.3% in the fourth quarter. IMPACTfolio LLC now owns 1,189 shares of the semiconductor provider’s stock worth $273,000 after buying an additional 49 shares in the last quarter. FinTrust Capital Advisors LLC raised its stake in NXP Semiconductors by 75.4% in the fourth quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock worth $26,000 after buying an additional 49 shares in the last quarter. Finally, Northwest Investment Counselors LLC raised its stake in NXP Semiconductors by 12.1% in the third quarter. Northwest Investment Counselors LLC now owns 462 shares of the semiconductor provider’s stock worth $92,000 after buying an additional 50 shares in the last quarter. 90.54% of the stock is 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.