NXP Semiconductors (NASDAQ:NXPI) Shares Gap Up to $225.61

Shares of NXP Semiconductors (NASDAQ:NXPI) gapped up prior to trading on Wednesday . The stock had previously closed at $225.61, but opened at $235.46. NXP Semiconductors shares last traded at $235.43, with a volume of 633,389 shares trading hands.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. StockNews.com upgraded shares of NXP Semiconductors from a “hold” rating to a “buy” rating in a report on Tuesday, April 16th. JPMorgan Chase & Co. upped their target price on NXP Semiconductors from $220.00 to $240.00 and gave the company a “neutral” rating in a research report on Wednesday, February 7th. Cantor Fitzgerald upped their price objective on NXP Semiconductors from $270.00 to $290.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Wolfe Research upgraded NXP Semiconductors from a “peer perform” rating to an “outperform” rating and set a $255.00 price objective on the stock in a research report on Thursday, January 18th. Finally, Susquehanna upped their price objective on NXP Semiconductors from $200.00 to $225.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $242.29.

NXP Semiconductors Stock Performance

The company has a current ratio of 1.91, a quick ratio of 1.39 and a debt-to-equity ratio of 1.14. The firm has a fifty day moving average price of $240.90 and a 200 day moving average price of $219.18. The firm has a market cap of $60.03 billion, a PE ratio of 21.07, a price-to-earnings-growth ratio of 0.82 and a beta of 1.59.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Monday, February 5th. The semiconductor provider reported $3.37 EPS for the quarter, topping the consensus estimate of $3.33 by $0.04. NXP Semiconductors had a return on equity of 38.94% and a net margin of 21.07%. The business had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.40 billion. As a group, equities research analysts expect that NXP Semiconductors will post 12.28 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Thursday, March 21st were issued a dividend of $1.014 per share. The ex-dividend date was Wednesday, March 20th. This represents a $4.06 annualized dividend and a dividend yield of 1.73%. NXP Semiconductors’s dividend payout ratio is presently 37.91%.

Institutional Trading of NXP Semiconductors

Several institutional investors and hedge funds have recently bought and sold shares of NXPI. International Assets Investment Management LLC raised its holdings in NXP Semiconductors by 2.8% in the 3rd quarter. International Assets Investment Management LLC now owns 2,440 shares of the semiconductor provider’s stock valued at $480,000 after buying an additional 67 shares during the period. CWM LLC grew its position in NXP Semiconductors by 14.3% in the 3rd quarter. CWM LLC now owns 4,181 shares of the semiconductor provider’s stock valued at $836,000 after acquiring an additional 523 shares in the last quarter. IFP Advisors Inc grew its position in NXP Semiconductors by 34.0% in the 3rd quarter. IFP Advisors Inc now owns 1,245 shares of the semiconductor provider’s stock valued at $249,000 after acquiring an additional 316 shares in the last quarter. Royal Fund Management LLC grew its position in NXP Semiconductors by 1.7% in the 3rd quarter. Royal Fund Management LLC now owns 6,791 shares of the semiconductor provider’s stock valued at $1,358,000 after acquiring an additional 113 shares in the last quarter. Finally, Caprock Group LLC grew its position in NXP Semiconductors by 20.2% in the 3rd quarter. Caprock Group LLC now owns 2,622 shares of the semiconductor provider’s stock valued at $527,000 after acquiring an additional 440 shares in the last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

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.