NXP Semiconductors (NASDAQ:NXPI) Stock Rating Upgraded by ValuEngine

ValuEngine upgraded shares of NXP Semiconductors (NASDAQ:NXPI) from a sell rating to a hold rating in a research report sent to investors on Monday, ValuEngine reports.

NXPI has been the subject of a number of other research reports. Deutsche Bank boosted their target price on NXP Semiconductors from $105.00 to $110.00 and gave the stock a buy rating in a research report on Thursday, March 14th. BidaskClub downgraded NXP Semiconductors from a hold rating to a sell rating in a research report on Friday, March 15th. Bank of America reiterated a buy rating and issued a $125.00 price objective (up previously from $105.00) on shares of NXP Semiconductors in a report on Wednesday, May 1st. Mizuho upped their price objective on NXP Semiconductors from $95.00 to $100.00 and gave the company a neutral rating in a report on Wednesday, May 1st. Finally, Zacks Investment Research upgraded NXP Semiconductors from a sell rating to a hold rating and set a $109.00 price objective for the company in a report on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. NXP Semiconductors currently has a consensus rating of Buy and an average price target of $101.32.

NXPI stock opened at $97.14 on Monday. The company has a market capitalization of $32.10 billion, a P/E ratio of 16.35, a P/E/G ratio of 1.19 and a beta of 1.26. NXP Semiconductors has a twelve month low of $67.62 and a twelve month high of $112.00. 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 business’s fifty day moving average price 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 for the quarter, topping analysts’ consensus estimates of $1.25 by $0.47. The company had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.09 billion. NXP Semiconductors had a return on equity of 18.33% and a net margin of 23.06%. On average, analysts predict that NXP Semiconductors will post 6.56 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Shareholders 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 dividend yield of 1.03%. NXP Semiconductors’s dividend payout ratio (DPR) is currently 16.84%.

Institutional investors have recently made changes to their positions in the business. Covenant Multifamily Offices LLC bought a new stake in shares of NXP Semiconductors in the first quarter worth about $25,000. Lindbrook Capital LLC bought a new stake in shares of NXP Semiconductors in the fourth quarter worth about $26,000. Berman Capital Advisors LLC bought a new stake in shares of NXP Semiconductors in the fourth quarter worth about $27,000. Liberty Wealth Management LLC increased its holdings in shares of NXP Semiconductors by 5,050.0% in the first quarter. Liberty Wealth Management LLC now owns 309 shares of the semiconductor provider’s stock worth $27,000 after acquiring an additional 303 shares in the last quarter. Finally, Citizens Financial Group Inc RI increased its holdings in shares of NXP Semiconductors by 56.3% in the first quarter. Citizens Financial Group Inc RI now owns 358 shares of the semiconductor provider’s stock worth $32,000 after acquiring an additional 129 shares in the last quarter. Institutional investors own 75.98% of the company’s stock.

About NXP Semiconductors

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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Analyst Recommendations for NXP Semiconductors (NASDAQ:NXPI)

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