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

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

NXPI has been the topic of a number of other reports. Oppenheimer boosted their price objective on NXP Semiconductors from $220.00 to $250.00 and gave the company an outperform rating in a research note on Thursday, February 1st. Truist Financial upped their target price on NXP Semiconductors from $264.00 to $265.00 and gave the stock a buy rating in a research note on Wednesday, February 7th. TD Cowen upped their target price on NXP Semiconductors from $270.00 to $300.00 and gave the stock an outperform rating in a research note on Tuesday, March 12th. Susquehanna upped their target price on NXP Semiconductors from $200.00 to $225.00 and gave the stock a neutral rating in a research note on Wednesday, February 7th. Finally, JPMorgan Chase & Co. upped their target price on NXP Semiconductors from $220.00 to $240.00 and gave the stock a neutral rating in a research note on Wednesday, February 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and an average target price of $242.29.

NXP Semiconductors Stock Performance

NASDAQ:NXPI opened at $219.35 on Tuesday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.39 and a current ratio of 1.91. NXP Semiconductors has a 52-week low of $155.31 and a 52-week high of $264.26. The firm has a market cap of $56.18 billion, a price-to-earnings ratio of 20.48, a PEG ratio of 0.86 and a beta of 1.59. The business’s fifty day moving average is $241.76 and its 200 day moving average is $218.42.

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

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Thursday, March 21st were given a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date was Wednesday, March 20th. NXP Semiconductors’s payout ratio is 37.91%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of NXPI. Future Financial Wealth Managment LLC bought a new position in shares of NXP Semiconductors in the 1st quarter worth approximately $25,000. FinTrust Capital Advisors LLC raised its position in shares of NXP Semiconductors by 75.4% in the 4th quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock worth $26,000 after acquiring an additional 49 shares in the last quarter. Operose Advisors LLC bought a new position in shares of NXP Semiconductors in the 3rd quarter worth approximately $26,000. Valley National Advisers Inc. raised its position in shares of NXP Semiconductors by 98.6% in the 4th quarter. Valley National Advisers Inc. now owns 137 shares of the semiconductor provider’s stock worth $31,000 after acquiring an additional 68 shares in the last quarter. Finally, BluePath Capital Management LLC bought a new position in shares of NXP Semiconductors in the 3rd quarter worth approximately $28,000. Institutional investors own 90.54% of the company’s stock.

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.