NXP Semiconductors (NASDAQ:NXPI) had its price target raised by Bank of America from $140.00 to $145.00 in a report published on Tuesday, 24/7 WallStreet reports. They currently have a buy rating on the semiconductor provider’s stock.
Several other equities research analysts have also recently weighed in on NXPI. Cowen increased their price target on NXP Semiconductors from $125.00 to $135.00 and gave the company an outperform rating in a research note on Wednesday, October 30th. BidaskClub upgraded shares of NXP Semiconductors from a hold rating to a buy rating in a report on Tuesday. Zacks Investment Research raised shares of NXP Semiconductors from a sell rating to a hold rating in a research report on Tuesday, November 5th. Loop Capital set a $130.00 target price on shares of NXP Semiconductors and gave the company a buy rating in a research note on Thursday, September 26th. Finally, ValuEngine raised shares of NXP Semiconductors from a sell rating to a hold rating in a research report on Tuesday, October 1st. Four research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $121.60.
Shares of NXP Semiconductors stock opened at $119.61 on Tuesday. The stock has a market cap of $33.17 billion, a price-to-earnings ratio of 20.14, a P/E/G ratio of 1.48 and a beta of 1.22. NXP Semiconductors has a twelve month low of $67.62 and a twelve month high of $120.84. The company’s fifty day moving average is $115.24 and its 200 day moving average is $104.36. The company has a quick ratio of 1.54, a current ratio of 1.90 and a debt-to-equity ratio of 0.78.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Monday, December 16th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.25%. The ex-dividend date is Friday, December 13th. NXP Semiconductors’s dividend payout ratio (DPR) is currently 25.25%.
In related news, EVP Stephen Owen sold 1,639 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $118.00, for a total value of $193,402.00. Following the completion of the transaction, the executive vice president now directly owns 7,096 shares of the company’s stock, valued at approximately $837,328. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Keith M. Shull sold 21,085 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $119.35, for a total transaction of $2,516,494.75. Following the completion of the transaction, the executive vice president now directly owns 15,092 shares of the company’s stock, valued at $1,801,230.20. The disclosure for this sale can be found here. Insiders sold a total of 27,122 shares of company stock worth $3,233,259 over the last 90 days.
A number of hedge funds have recently modified their holdings of the business. Massachusetts Financial Services Co. MA lifted its stake in NXP Semiconductors by 667.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,412,986 shares of the semiconductor provider’s stock worth $481,545,000 after purchasing an additional 3,837,685 shares in the last quarter. Boston Partners boosted its position in shares of NXP Semiconductors by 196.1% in the second quarter. Boston Partners now owns 5,020,470 shares of the semiconductor provider’s stock worth $490,104,000 after acquiring an additional 3,324,672 shares during the last quarter. Nuveen Asset Management LLC grew its holdings in NXP Semiconductors by 581.2% in the second quarter. Nuveen Asset Management LLC now owns 2,665,036 shares of the semiconductor provider’s stock valued at $260,134,000 after purchasing an additional 2,273,799 shares during the period. Point72 Asset Management L.P. grew its holdings in NXP Semiconductors by 221.9% in the second quarter. Point72 Asset Management L.P. now owns 2,747,433 shares of the semiconductor provider’s stock valued at $268,177,000 after purchasing an additional 1,893,827 shares during the period. Finally, PointState Capital LP acquired a new position in NXP Semiconductors during the second quarter worth approximately $130,046,000. 89.67% of the stock is currently owned by institutional investors and hedge funds.
NXP Semiconductors Company Profile
NXP Semiconductors N.V., a semiconductor company, provides high performance mixed signal solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. The company offers products for audio and visual head-end unit applications, such as single-chip radio solutions, multi-standard radios, audio amplifiers and power analog products, and i.MX applications processors; in-vehicle networking products; two-way secure entry products; various sensors and microcontrollers; power management solutions; battery cell controllers; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.
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