NXP Semiconductors (NASDAQ:NXPI) Raised to “Buy” at Mizuho

Mizuho upgraded shares of NXP Semiconductors (NASDAQ:NXPI) from a neutral rating to a buy rating in a research report sent to investors on Friday, MarketBeat Ratings reports. The firm currently has $325.00 price target on the semiconductor provider’s stock, up from their prior price target of $265.00.

A number of other equities analysts also recently issued reports on the stock. Needham & Company LLC increased their price target on shares of NXP Semiconductors from $250.00 to $280.00 and gave the stock a buy rating in a research note on Wednesday, May 1st. Wells Fargo & Company raised their target price on NXP Semiconductors from $285.00 to $305.00 and gave the company an overweight rating in a research note on Wednesday, May 22nd. TD Cowen upped their price target on NXP Semiconductors from $270.00 to $300.00 and gave the stock an outperform rating in a research note on Tuesday, March 12th. Morgan Stanley raised their price objective on NXP Semiconductors from $221.00 to $224.00 and gave the company an equal weight rating in a research report on Wednesday, February 7th. Finally, Cantor Fitzgerald upped their target price on shares of NXP Semiconductors from $290.00 to $325.00 and gave the stock an overweight rating in a research report on Wednesday, May 15th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of $267.80.

NXP Semiconductors Trading Up 1.6 %

NXPI opened at $277.17 on Friday. NXP Semiconductors has a one year low of $163.26 and a one year high of $280.77. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.35 and a quick ratio of 1.64. The business has a 50 day simple moving average of $248.36 and a two-hundred day simple moving average of $231.21. The firm has a market capitalization of $70.87 billion, a price-to-earnings ratio of 25.59, a PEG ratio of 2.59 and a beta of 1.54.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Monday, April 29th. The semiconductor provider reported $2.85 EPS for the quarter, beating analysts’ consensus estimates of $2.78 by $0.07. NXP Semiconductors had a return on equity of 37.65% and a net margin of 21.24%. The company had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.13 billion. Analysts predict that NXP Semiconductors will post 12.46 EPS for the current year.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Thursday, March 21st were paid a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $4.06 dividend on an annualized basis and a yield of 1.46%. NXP Semiconductors’s dividend payout ratio is presently 37.49%.

Institutional Trading of NXP Semiconductors

Several large investors have recently modified their holdings of the company. Assenagon Asset Management S.A. grew its stake in shares of NXP Semiconductors by 46.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 89,297 shares of the semiconductor provider’s stock valued at $20,510,000 after purchasing an additional 28,518 shares during the period. Allspring Global Investments Holdings LLC grew its position in NXP Semiconductors by 29.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 125,594 shares of the semiconductor provider’s stock valued at $28,846,000 after buying an additional 28,758 shares during the period. Stratos Wealth Partners LTD. increased its holdings in NXP Semiconductors by 27.0% during the fourth quarter. Stratos Wealth Partners LTD. now owns 4,788 shares of the semiconductor provider’s stock valued at $1,100,000 after buying an additional 1,019 shares during the last quarter. Principal Financial Group Inc. raised its position in NXP Semiconductors by 1.0% in the fourth quarter. Principal Financial Group Inc. now owns 330,144 shares of the semiconductor provider’s stock worth $75,827,000 after acquiring an additional 3,262 shares during the period. Finally, Zhang Financial LLC boosted its stake in shares of NXP Semiconductors by 55.7% during the 1st quarter. Zhang Financial LLC now owns 3,943 shares of the semiconductor provider’s stock worth $977,000 after acquiring an additional 1,411 shares during the last quarter. Institutional investors own 90.54% of the company’s stock.

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.