NXP Semiconductors (NASDAQ:NXPI) Rating Increased 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 Thursday morning.

Other research analysts also recently issued reports about the stock. Morgan Stanley reduced their price target on shares of NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 6th. UBS Group decreased their target price on NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Mizuho set a $290.00 price objective on NXP Semiconductors in a research note on Friday, October 18th. Evercore ISI dropped their price target on shares of NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Finally, Barclays lowered their price target on NXP Semiconductors from $330.00 to $280.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and a consensus price target of $274.14.

NXP Semiconductors Stock Up 1.3 %

Shares of NXP Semiconductors stock opened at $208.86 on Thursday. The company has a quick ratio of 1.60, a current ratio of 2.35 and a debt-to-equity ratio of 0.99. The business has a 50-day moving average price of $223.05 and a 200 day moving average price of $240.38. NXP Semiconductors has a fifty-two week low of $201.58 and a fifty-two week high of $296.08. The firm has a market cap of $53.08 billion, a P/E ratio of 19.93, a P/E/G ratio of 4.37 and a beta of 1.47.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, beating analysts’ consensus estimates of $3.43 by $0.02. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The business had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.25 billion. During the same period in the previous year, the business earned $3.31 EPS. The business’s quarterly revenue was down 5.4% on a year-over-year basis. On average, sell-side analysts forecast that NXP Semiconductors will post 11.33 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th will be given a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.94%. The ex-dividend date is Thursday, December 5th. NXP Semiconductors’s dividend payout ratio (DPR) is currently 38.65%.

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 NXPI. Addison Advisors LLC lifted its holdings in shares of NXP Semiconductors by 224.2% in the second quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock valued at $29,000 after purchasing an additional 74 shares in the last quarter. FSA Wealth Management LLC purchased a new stake in NXP Semiconductors in the 3rd quarter worth about $33,000. Valley Wealth Managers Inc. acquired a new stake in NXP Semiconductors during the 2nd quarter worth about $48,000. Avior Wealth Management LLC grew its stake in NXP Semiconductors by 182.1% during the 3rd quarter. Avior Wealth Management LLC now owns 220 shares of the semiconductor provider’s stock valued at $53,000 after acquiring an additional 142 shares in the last quarter. Finally, Fairfield Financial Advisors LTD acquired a new position in shares of NXP Semiconductors in the 2nd quarter valued at about $54,000. 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.