NXP Semiconductors (NASDAQ:NXPI) Shares Gap Up – Still a Buy?

NXP Semiconductors (NASDAQ:NXPI) gapped up prior to trading on Wednesday . The stock had previously closed at $210.97, but opened at $216.40. NXP Semiconductors shares last traded at $217.81, with a volume of 755,962 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on NXPI. Cantor Fitzgerald reissued an “overweight” rating and issued a $250.00 price objective on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Loop Capital initiated coverage on shares of NXP Semiconductors in a research note on Monday, November 11th. They issued a “buy” rating and a $300.00 price objective on the stock. JPMorgan Chase & Co. decreased their price target on shares of NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Morgan Stanley raised shares of NXP Semiconductors from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $231.00 to $257.00 in a research note on Wednesday. Finally, Citigroup raised shares of NXP Semiconductors from a “sell” rating to a “neutral” rating and raised their price target for the stock from $200.00 to $210.00 in a research note on Wednesday, February 5th. Five research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and a consensus price target of $264.45.

NXP Semiconductors Price Performance

The company’s fifty day moving average is $213.08 and its 200 day moving average is $228.68. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. The stock has a market cap of $55.53 billion, a PE ratio of 22.48, a price-to-earnings-growth ratio of 2.64 and a beta of 1.46.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Thursday, December 5th were issued a $1.014 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $4.06 annualized dividend and a yield of 1.86%. NXP Semiconductors’s payout ratio is 41.73%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. ORG Wealth Partners LLC raised its holdings in NXP Semiconductors by 915.4% in the fourth quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock valued at $27,000 after buying an additional 119 shares during the period. FSA Wealth Management LLC purchased a new stake in shares of NXP Semiconductors during the third quarter valued at approximately $33,000. Sound Income Strategies LLC raised its stake in shares of NXP Semiconductors by 169.2% during the fourth quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock valued at $29,000 after purchasing an additional 88 shares during the period. Runnymede Capital Advisors Inc. purchased a new stake in shares of NXP Semiconductors during the fourth quarter valued at approximately $32,000. Finally, Smithfield Trust Co purchased a new stake in shares of NXP Semiconductors during the fourth quarter valued at approximately $32,000. 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.