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 note issued to investors on Tuesday morning.

A number of other brokerages have also issued reports on NXPI. JPMorgan Chase & Co. boosted their price target on NXP Semiconductors from $220.00 to $240.00 and gave the company a neutral rating in a report on Wednesday, February 7th. Cantor Fitzgerald boosted their price target on NXP Semiconductors from $270.00 to $290.00 and gave the company an overweight rating in a report on Monday, April 8th. 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. TD Cowen boosted their price objective on shares of NXP Semiconductors from $270.00 to $300.00 and gave the stock an outperform rating in a research note on Tuesday, March 12th. Finally, Wolfe Research raised shares of NXP Semiconductors from a peer perform rating to an outperform rating and set a $255.00 price objective for the company in a research note on Thursday, January 18th. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of $242.29.

NXP Semiconductors Stock Down 3.3 %

Shares of 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. The firm has a market capitalization 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 stock has a 50 day moving average price of $241.76 and a 200 day moving average price of $218.42. NXP Semiconductors has a 52-week low of $155.31 and a 52-week high of $264.26.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results 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. The firm had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.40 billion. NXP Semiconductors had a return on equity of 38.94% and a net margin of 21.07%. Sell-side analysts expect that NXP Semiconductors will post 12.28 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Thursday, March 21st were paid a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $4.06 dividend on an annualized basis and a yield of 1.85%. NXP Semiconductors’s dividend payout ratio (DPR) is 37.91%.

Hedge Funds Weigh In On NXP Semiconductors

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Lincoln National Corp raised its stake in NXP Semiconductors by 1.9% in the 4th quarter. Lincoln National Corp now owns 2,473 shares of the semiconductor provider’s stock worth $568,000 after acquiring an additional 46 shares during the last quarter. RFG Advisory LLC grew its position in NXP Semiconductors by 1.6% during the 1st quarter. RFG Advisory LLC now owns 2,987 shares of the semiconductor provider’s stock worth $740,000 after purchasing an additional 47 shares during the period. IMPACTfolio LLC grew its position in NXP Semiconductors by 4.3% during the 4th quarter. IMPACTfolio LLC now owns 1,189 shares of the semiconductor provider’s stock worth $273,000 after purchasing an additional 49 shares during the period. FinTrust Capital Advisors LLC grew its position in NXP Semiconductors by 75.4% during the 4th quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock worth $26,000 after purchasing an additional 49 shares during the period. Finally, Northwest Investment Counselors LLC grew its position in NXP Semiconductors by 12.1% during the 3rd quarter. Northwest Investment Counselors LLC now owns 462 shares of the semiconductor provider’s stock worth $92,000 after purchasing an additional 50 shares during the period. Hedge funds and other 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.