NXP Semiconductors NV (NASDAQ:NXPI) gapped up before the market opened on Wednesday . The stock had previously closed at $79.37, but opened at $78.88. NXP Semiconductors shares last traded at $80.48, with a volume of 2731625 shares.
NXPI has been the subject of several research reports. SunTrust Banks boosted their price objective on NXP Semiconductors to $99.00 and gave the stock a “buy” rating in a research note on Friday, November 2nd. They noted that the move was a valuation call. Bank of America upgraded NXP Semiconductors from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $110.00 to $120.00 in a research note on Monday, September 17th. Mizuho reiterated a “buy” rating and set a $115.00 price objective on shares of NXP Semiconductors in a research note on Wednesday, September 12th. Needham & Company LLC cut their price objective on NXP Semiconductors to $100.00 and set a “buy” rating for the company in a research note on Friday, October 26th. Finally, Goldman Sachs Group upgraded NXP Semiconductors from a “neutral” rating to a “buy” rating in a research note on Thursday, October 18th. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company’s stock. NXP Semiconductors currently has a consensus rating of “Hold” and an average price target of $101.97.
The firm has a market capitalization of $26.29 billion, a price-to-earnings ratio of 11.11, a P/E/G ratio of 1.00 and a beta of 0.92. The company has a quick ratio of 0.87, a current ratio of 1.22 and a debt-to-equity ratio of 0.50.
NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Wednesday, October 31st. The semiconductor provider reported $1.81 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.68 by $0.13. The business had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $2.43 billion. NXP Semiconductors had a return on equity of 18.08% and a net margin of 28.38%. Research analysts forecast that NXP Semiconductors NV will post 6.15 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 7th. Investors of record on Friday, December 14th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Thursday, December 13th. NXP Semiconductors’s dividend payout ratio is presently 11.84%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Third Point LLC acquired a new position in NXP Semiconductors in the second quarter valued at approximately $1,174,652,000. Pictet Asset Management Ltd. acquired a new position in NXP Semiconductors in the third quarter valued at approximately $245,762,000. Putnam Investments LLC lifted its holdings in NXP Semiconductors by 191.9% in the third quarter. Putnam Investments LLC now owns 2,716,424 shares of the semiconductor provider’s stock valued at $232,254,000 after acquiring an additional 1,785,940 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in NXP Semiconductors in the third quarter valued at approximately $225,934,000. Finally, Brown Advisory Inc. lifted its holdings in NXP Semiconductors by 10,111.1% in the third quarter. Brown Advisory Inc. now owns 2,458,011 shares of the semiconductor provider’s stock valued at $210,159,000 after acquiring an additional 2,433,939 shares during the last quarter. Hedge funds and other institutional investors own 75.58% of the company’s stock.
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NXP Semiconductors Company Profile (NASDAQ:NXPI)
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; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.
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