Zacks Investment Research upgraded shares of NXP Semiconductors (NASDAQ:NXPI) from a sell rating to a hold rating in a research note released on Wednesday, Zacks.com reports. Zacks Investment Research currently has $109.00 target price on the semiconductor provider’s stock.
According to Zacks, “NXP Semiconductors N.V. is a global semiconductor company. The Company designs and manufactures High Performance Mixed Signal semiconductor solutions to meet the requirements of systems and sub-systems in its target markets. High Performance Mixed Signal solutions are an optimized mix of analog and digital functionality integrated into a system or sub-system. The Company’s expertise is in RF, analog, power management, interface, security and digital processing products. NXP’s solutions are used in a wide range of automotive, identification, wireless infrastructure, lighting, industrial, mobile, consumer and computing applications. The Company claims to provide its customers improved power efficiency, functional performance, miniaturization, quality, durability and adaptability in their electronic systems and application solutions. NXP is based in Eindhoven, the Netherlands, with research and development activities in Asia, Europe and the United States, and manufacturing facilities in Asia and Europe. “
Other analysts have also recently issued reports about the company. TheStreet raised NXP Semiconductors from a c+ rating to a b- rating in a research report on Wednesday, February 13th. Needham & Company LLC reaffirmed a buy rating and set a $95.00 price objective on shares of NXP Semiconductors in a research report on Thursday, January 24th. Nomura raised NXP Semiconductors from a neutral rating to a buy rating and set a $95.00 price objective for the company in a research report on Thursday, January 17th. Deutsche Bank increased their price objective on NXP Semiconductors from $105.00 to $110.00 and gave the stock a buy rating in a research report on Thursday, March 14th. Finally, BidaskClub raised NXP Semiconductors from a sell rating to a hold rating in a research report on Thursday, February 14th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. NXP Semiconductors currently has an average rating of Buy and a consensus price target of $101.02.
NASDAQ:NXPI opened at $100.34 on Wednesday. The company has a market cap of $32.10 billion, a P/E ratio of 16.89, a PEG ratio of 1.25 and a beta of 1.09. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.59. NXP Semiconductors has a 52-week low of $67.62 and a 52-week high of $122.24.
NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Wednesday, February 6th. The semiconductor provider reported $2.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.28. The firm had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.39 billion. NXP Semiconductors had a return on equity of 15.52% and a net margin of 23.47%. On average, research analysts expect that NXP Semiconductors will post 6.23 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Monday, March 18th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, March 15th. This represents a $1.00 annualized dividend and a dividend yield of 1.00%. NXP Semiconductors’s dividend payout ratio is currently 16.84%.
Institutional investors and hedge funds have recently bought and sold shares of the company. First Personal Financial Services lifted its holdings in shares of NXP Semiconductors by 356.0% in the 4th quarter. First Personal Financial Services now owns 342 shares of the semiconductor provider’s stock valued at $25,000 after buying an additional 267 shares during the period. Legacy Bridge LLC acquired a new stake in shares of NXP Semiconductors in the 4th quarter valued at approximately $26,000. Lindbrook Capital LLC acquired a new stake in shares of NXP Semiconductors in the 4th quarter valued at approximately $26,000. Berman Capital Advisors LLC acquired a new stake in shares of NXP Semiconductors in the 4th quarter valued at approximately $27,000. Finally, Intercontinental Wealth Advisors LLC acquired a new stake in shares of NXP Semiconductors in the 4th quarter valued at approximately $29,000. 77.55% of the stock is owned by institutional investors and hedge funds.
NXP Semiconductors Company Profile
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.
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