NXP Semiconductors (NASDAQ:NXPI) Shares Gap Up to $225.61

NXP Semiconductors (NASDAQ:NXPI) gapped up prior to trading on Wednesday . The stock had previously closed at $225.61, but opened at $235.46. NXP Semiconductors shares last traded at $235.43, with a volume of 633,389 shares changing hands.

Analyst Upgrades and Downgrades

NXPI has been the topic of several research reports. Stifel Nicolaus increased their price objective on shares of NXP Semiconductors from $190.00 to $210.00 and gave the stock a “hold” rating in a research note on Tuesday, January 2nd. Oppenheimer raised their price target on NXP Semiconductors from $220.00 to $250.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Mizuho upped their price objective on NXP Semiconductors from $220.00 to $225.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 7th. Wolfe Research upgraded NXP Semiconductors from a “peer perform” rating to an “outperform” rating and set a $255.00 target price on the stock in a research note on Thursday, January 18th. Finally, JPMorgan Chase & Co. boosted their price target on shares of NXP Semiconductors from $220.00 to $240.00 and gave the company a “neutral” rating in a report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $242.29.

NXP Semiconductors Trading Up 1.3 %

The company has a current ratio of 1.91, a quick ratio of 1.39 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $60.97 billion, a price-to-earnings ratio of 22.23, a PEG ratio of 0.89 and a beta of 1.59. The firm has a 50-day moving average price of $240.99 and a 200-day moving average price of $219.42.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $3.40 billion. As a group, sell-side analysts predict that NXP Semiconductors will post 12.28 EPS for the current year.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Thursday, March 21st were issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend was Wednesday, March 20th. NXP Semiconductors’s payout ratio is 37.91%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. IFP Advisors Inc raised its position in shares of NXP Semiconductors by 34.0% during the third quarter. IFP Advisors Inc now owns 1,245 shares of the semiconductor provider’s stock worth $249,000 after purchasing an additional 316 shares during the period. Caprock Group LLC lifted its stake in NXP Semiconductors by 20.2% during the third quarter. Caprock Group LLC now owns 2,622 shares of the semiconductor provider’s stock valued at $527,000 after buying an additional 440 shares in the last quarter. CX Institutional boosted its holdings in shares of NXP Semiconductors by 500.9% in the third quarter. CX Institutional now owns 13,076 shares of the semiconductor provider’s stock worth $2,614,000 after buying an additional 10,900 shares during the period. Czech National Bank increased its position in shares of NXP Semiconductors by 46.5% in the third quarter. Czech National Bank now owns 45,058 shares of the semiconductor provider’s stock worth $9,008,000 after acquiring an additional 14,310 shares in the last quarter. Finally, Ballast Advisors LLC raised its holdings in shares of NXP Semiconductors by 268.8% during the third quarter. Ballast Advisors LLC now owns 4,238 shares of the semiconductor provider’s stock valued at $847,000 after acquiring an additional 3,089 shares during the period. Institutional investors and hedge funds 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.