StockNews.com Begins Coverage on NXP Semiconductors (NASDAQ:NXPI)

StockNews.com initiated coverage on shares of NXP Semiconductors (NASDAQ:NXPI – Get Rating) in a research report sent to investors on Thursday morning. The brokerage issued a buy rating on the semiconductor provider’s stock.

Several other equities research analysts have also recently weighed in on NXPI. Susquehanna lowered their target price on NXP Semiconductors from $175.00 to $170.00 and set a neutral rating for the company in a report on Wednesday, February 1st. Morgan Stanley raised their target price on NXP Semiconductors from $174.00 to $177.00 and gave the stock an equal weight rating in a report on Wednesday, February 1st. Truist Financial upped their price objective on NXP Semiconductors from $209.00 to $210.00 and gave the stock a buy rating in a research report on Wednesday, February 1st. Stifel Nicolaus lifted their target price on shares of NXP Semiconductors from $160.00 to $168.00 and gave the company a hold rating in a report on Wednesday, February 1st. Finally, Credit Suisse Group increased their price target on NXP Semiconductors from $195.00 to $205.00 and gave the stock a neutral rating in a research report on Wednesday, February 1st. Ten investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, NXP Semiconductors has a consensus rating of Moderate Buy and an average target price of $188.95.

NXP Semiconductors Stock Down 1.2 %

Shares of NASDAQ NXPI opened at $177.29 on Thursday. NXP Semiconductors has a 52-week low of $132.08 and a 52-week high of $198.28. The firm has a market capitalization of $46.01 billion, a price-to-earnings ratio of 16.79, a PEG ratio of 0.75 and a beta of 1.53. The stock has a 50 day moving average price of $179.82 and a 200 day moving average price of $166.20. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.58 and a current ratio of 2.12.

NXP Semiconductors Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 5th. Investors of record on Wednesday, March 15th will be given a $1.014 dividend. The ex-dividend date is Tuesday, March 14th. This is a boost from NXP Semiconductors’s previous quarterly dividend of $0.85. This represents a $4.06 dividend on an annualized basis and a dividend yield of 2.29%. NXP Semiconductors’s dividend payout ratio is 38.45%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. FMR LLC boosted its stake in shares of NXP Semiconductors by 2.1% during the second quarter. FMR LLC now owns 21,809,364 shares of the semiconductor provider’s stock worth $3,228,439,000 after buying an additional 456,733 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of NXP Semiconductors by 146.4% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 11,353,534 shares of the semiconductor provider’s stock valued at $1,680,664,000 after purchasing an additional 6,744,875 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of NXP Semiconductors by 2.0% in the first quarter. Vanguard Group Inc. now owns 10,793,360 shares of the semiconductor provider’s stock valued at $1,997,635,000 after purchasing an additional 210,979 shares during the period. State Street Corp increased its holdings in shares of NXP Semiconductors by 1.2% in the third quarter. State Street Corp now owns 9,891,666 shares of the semiconductor provider’s stock valued at $1,467,249,000 after purchasing an additional 121,988 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of NXP Semiconductors by 1.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 9,396,378 shares of the semiconductor provider’s stock worth $1,386,060,000 after purchasing an additional 159,410 shares during the last quarter. 88.70% of the stock is owned by hedge funds and other institutional investors.

NXP Semiconductors Company Profile

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NXP Semiconductors NV is a holding company, which engages in the provision of semiconductor solutions. Its portfolio includes intellectual property, deep application knowledge, process technology and manufacturing expertise in the domains of cryptography-security, high-speed interface, radio frequency (RF), mixed-signal analog-digital, power management, digital signal processing, and embedded system design.