NXP Semiconductors (NASDAQ:NXPI) Rating Increased to Strong-Buy at Arete Research

Arete Research upgraded shares of NXP Semiconductors (NASDAQ:NXPI) to a strong-buy rating in a research note published on Tuesday,Zacks.com reports.

NXPI has been the topic of a number of other reports. Barclays dropped their price target on NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Mizuho boosted their price target on shares of NXP Semiconductors from $240.00 to $255.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of NXP Semiconductors in a report on Tuesday, February 4th. Truist Financial lifted their price objective on shares of NXP Semiconductors from $245.00 to $258.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Finally, StockNews.com cut shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $267.00.

NXP Semiconductors Stock Down 2.8 %

Shares of NASDAQ:NXPI opened at $200.06 on Tuesday. The company’s fifty day moving average is $215.18 and its two-hundred day moving average is $222.30. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36. NXP Semiconductors has a 1-year low of $196.95 and a 1-year high of $296.08. The stock has a market capitalization of $50.74 billion, a price-to-earnings ratio of 20.56, a price-to-earnings-growth ratio of 3.01 and a beta of 1.47.

NXP Semiconductors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th will be paid a $1.014 dividend. The ex-dividend date is Wednesday, March 19th. This represents a $4.06 annualized dividend and a dividend yield of 2.03%. NXP Semiconductors’s dividend payout ratio is currently 41.62%.

Insider Buying and Selling

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the company’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $204.86, for a total value of $204,860.00. Following the transaction, the chief operating officer now owns 8,828 shares of the company’s stock, valued at approximately $1,808,504.08. This represents a 10.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.11% of the company’s stock.

Hedge Funds Weigh In On NXP Semiconductors

A number of hedge funds have recently modified their holdings of the stock. ORG Wealth Partners LLC boosted its position in shares of NXP Semiconductors by 915.4% in the 4th quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock valued at $27,000 after purchasing an additional 119 shares during the period. Sound Income Strategies LLC lifted its stake in NXP Semiconductors by 169.2% during the fourth quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock valued at $29,000 after buying an additional 88 shares in the last quarter. Smithfield Trust Co acquired a new position in shares of NXP Semiconductors in the fourth quarter worth about $32,000. Runnymede Capital Advisors Inc. purchased a new position in shares of NXP Semiconductors in the fourth quarter worth approximately $32,000. Finally, FSA Wealth Management LLC acquired a new stake in shares of NXP Semiconductors during the third quarter valued at approximately $33,000. 90.54% of the stock is currently owned by institutional investors and hedge funds.

About NXP Semiconductors

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.