NXP Semiconductors (NASDAQ:NXPI) Raised to “Buy” at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of NXP Semiconductors (NASDAQ:NXPI) from a neutral rating to a buy rating in a research report sent to investors on Friday morning, Marketbeat reports. The firm currently has $257.00 price objective on the semiconductor provider’s stock, down from their previous price objective of $260.00.

A number of other equities research analysts also recently issued reports on NXPI. Wells Fargo & Company started coverage on NXP Semiconductors in a research note on Friday, November 22nd. They set an “overweight” rating and a $250.00 price target for the company. Cantor Fitzgerald restated an “overweight” rating and set a $270.00 target price on shares of NXP Semiconductors in a research report on Monday, November 4th. Citic Securities assumed coverage on shares of NXP Semiconductors in a research report on Friday, October 11th. They issued a $288.00 price target on the stock. UBS Group cut their price objective on shares of NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Finally, Truist Financial decreased their target price on NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $273.19.

NXP Semiconductors Stock Performance

Shares of NXPI stock opened at $206.75 on Friday. 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 company has a 50 day moving average price of $219.62 and a 200-day moving average price of $238.34. NXP Semiconductors has a 52 week low of $201.58 and a 52 week high of $296.08. The firm has a market capitalization of $52.55 billion, a PE ratio of 19.73, a P/E/G ratio of 4.37 and a beta of 1.47.

NXP Semiconductors (NASDAQ:NXPI) last announced its 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. The business had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.25 billion. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The company’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same period in the previous year, the business earned $3.31 EPS. As a group, equities research analysts expect that NXP Semiconductors will post 11.33 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Thursday, December 5th were paid a dividend of $1.014 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $4.06 annualized dividend and a yield of 1.96%. NXP Semiconductors’s payout ratio is 38.65%.

Institutional Trading of NXP Semiconductors

Several hedge funds have recently bought and sold shares of NXPI. ORG Wealth Partners LLC increased its holdings in shares of NXP Semiconductors by 915.4% in the fourth quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock worth $27,000 after purchasing an additional 119 shares during the last quarter. FSA Wealth Management LLC purchased a new position in NXP Semiconductors during the 3rd quarter valued at approximately $33,000. Valley Wealth Managers Inc. bought a new stake in NXP Semiconductors in the 2nd quarter worth approximately $48,000. Fairfield Financial Advisors LTD purchased a new stake in shares of NXP Semiconductors during the 2nd quarter worth approximately $54,000. Finally, Fortitude Family Office LLC boosted its position in shares of NXP Semiconductors by 52.4% during the 4th quarter. Fortitude Family Office LLC now owns 218 shares of the semiconductor provider’s stock valued at $45,000 after acquiring an additional 75 shares during the last quarter. Hedge funds and other institutional investors 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.