NXP Semiconductors NV (NASDAQ:NXPI)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $93.09, but opened at $95.11. NXP Semiconductors shares last traded at $97.14, with a volume of 2,967,958 shares trading hands.
A number of analysts have weighed in on NXPI shares. Deutsche Bank raised their target price on shares of NXP Semiconductors from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. BidaskClub lowered shares of NXP Semiconductors from a “hold” rating to a “sell” rating in a report on Friday, March 15th. Piper Jaffray Companies lifted their price target on shares of NXP Semiconductors from $100.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday, April 9th. Zacks Investment Research upgraded shares of NXP Semiconductors from a “sell” rating to a “hold” rating and set a $109.00 price target on the stock in a report on Wednesday, April 10th. Finally, ValuEngine upgraded shares of NXP Semiconductors from a “sell” rating to a “hold” rating in a report on Saturday, April 13th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. NXP Semiconductors currently has an average rating of “Buy” and an average price target of $101.32.
The stock has a market cap of $32.10 billion, a price-to-earnings ratio of 16.35, a price-to-earnings-growth ratio of 1.19 and a beta of 1.26. The company has a current ratio of 1.42, a quick ratio of 1.04 and a debt-to-equity ratio of 0.63. The stock’s fifty day simple moving average is $94.41.
NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Monday, April 29th. The semiconductor provider reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.47. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.09 billion. NXP Semiconductors had a net margin of 23.06% and a return on equity of 18.33%. As a group, research analysts predict that NXP Semiconductors NV will post 6.56 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 14th will be issued a $0.25 dividend. The ex-dividend date is Thursday, June 13th. This represents a $1.00 annualized dividend and a yield of 1.03%. NXP Semiconductors’s payout ratio is 16.84%.
A number of institutional investors and hedge funds have recently bought and sold shares of NXPI. Barings LLC increased its position in shares of NXP Semiconductors by 1.3% during the first quarter. Barings LLC now owns 7,861 shares of the semiconductor provider’s stock worth $695,000 after acquiring an additional 103 shares in the last quarter. Citizens Financial Group Inc RI lifted its position in shares of NXP Semiconductors by 56.3% during the 1st quarter. Citizens Financial Group Inc RI now owns 358 shares of the semiconductor provider’s stock valued at $32,000 after buying an additional 129 shares in the last quarter. MML Investors Services LLC lifted its position in shares of NXP Semiconductors by 2.8% during the 4th quarter. MML Investors Services LLC now owns 4,936 shares of the semiconductor provider’s stock valued at $362,000 after buying an additional 133 shares in the last quarter. Krane Funds Advisors LLC lifted its position in shares of NXP Semiconductors by 2.0% during the 1st quarter. Krane Funds Advisors LLC now owns 7,487 shares of the semiconductor provider’s stock valued at $662,000 after buying an additional 146 shares in the last quarter. Finally, Penserra Capital Management LLC lifted its position in shares of NXP Semiconductors by 50.0% during the 1st quarter. Penserra Capital Management LLC now owns 558 shares of the semiconductor provider’s stock valued at $49,000 after buying an additional 186 shares in the last quarter. 75.98% of the stock is owned by hedge funds and other institutional investors.
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; battery cell controllers; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.
Further Reading: Gap Down Stocks
Receive News & Ratings for NXP Semiconductors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NXP Semiconductors and related companies with MarketBeat.com's FREE daily email newsletter.