NXP Semiconductors (NASDAQ:NXPI) Upgraded at Arete Research

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

Other analysts also recently issued research reports about the stock. StockNews.com downgraded shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th. Citigroup raised NXP Semiconductors from a “neutral” rating to a “buy” rating and upped their target price for the company from $210.00 to $290.00 in a report on Thursday, February 20th. The Goldman Sachs Group reiterated a “buy” rating on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Susquehanna dropped their price target on shares of NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. Finally, Stifel Nicolaus dropped their target price on shares of NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating on the stock in a research report on Wednesday, February 5th. Four investment 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 an average target price of $267.00.

NXP Semiconductors Stock Performance

Shares of NXPI opened at $200.06 on Tuesday. NXP Semiconductors has a 52-week low of $196.95 and a 52-week high of $296.08. The company has a market capitalization of $50.74 billion, a PE ratio of 20.56, a P/E/G ratio of 3.01 and a beta of 1.47. The company has a 50-day simple moving average of $215.18 and a 200-day simple moving average of $222.30. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09.

NXP Semiconductors Dividend Announcement

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

Insider Buying and Selling

In related news, COO Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction on Monday, March 17th. The stock was sold at an average price of $204.86, for a total transaction of $204,860.00. Following the transaction, the chief operating officer now directly owns 8,828 shares in the company, valued at approximately $1,808,504.08. The trade was a 10.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.11% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On NXP Semiconductors

A number of hedge funds have recently made changes to their positions in NXPI. 111 Capital purchased a new stake in shares of NXP Semiconductors in the fourth quarter valued at $818,000. Lansforsakringar Fondforvaltning AB publ bought a new stake in shares of NXP Semiconductors in the 4th quarter valued at about $11,767,000. Old North State Trust LLC lifted its holdings in NXP Semiconductors by 20.6% during the fourth quarter. Old North State Trust LLC now owns 1,531 shares of the semiconductor provider’s stock worth $318,000 after buying an additional 262 shares during the period. IronOak Wealth LLC. bought a new stake in NXP Semiconductors during the fourth quarter valued at about $345,000. Finally, Azzad Asset Management Inc. ADV boosted its holdings in shares of NXP Semiconductors by 3.1% in the 4th quarter. Azzad Asset Management Inc. ADV now owns 9,070 shares of the semiconductor provider’s stock valued at $1,885,000 after buying an additional 271 shares in the last quarter. Institutional investors own 90.54% of the company’s stock.

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.