NXP Semiconductors NV (NASDAQ:NXPI) shares shot up 3.2% during mid-day trading on Wednesday . The company traded as high as $88.30 and last traded at $88.47, 93,910 shares were traded during mid-day trading. A decline of 98% from the average session volume of 5,502,135 shares. The stock had previously closed at $85.73.
A number of brokerages have issued reports on NXPI. Zacks Investment Research cut NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Friday, March 20th. ValuEngine raised NXP Semiconductors from a “sell” rating to a “hold” rating in a report on Friday, March 13th. SunTrust Banks upped their target price on NXP Semiconductors from $139.00 to $148.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $150.00 target price (up previously from $135.00) on shares of NXP Semiconductors in a report on Friday, January 10th. Finally, BidaskClub cut NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Friday, March 13th. Seven investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $130.18.
The business has a 50-day simple moving average of $112.82 and a 200 day simple moving average of $116.99. The stock has a market cap of $24.14 billion, a P/E ratio of 105.55, a price-to-earnings-growth ratio of 1.32 and a beta of 1.28. The company has a current ratio of 1.82, a quick ratio of 1.16 and a debt-to-equity ratio of 0.76.
NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Monday, February 3rd. The semiconductor provider reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.28. NXP Semiconductors had a return on equity of 24.03% and a net margin of 2.74%. The firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same quarter in the previous year, the company posted $2.13 EPS. The business’s revenue was down 4.2% on a year-over-year basis. As a group, equities analysts expect that NXP Semiconductors NV will post 6.5 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Monday, March 16th will be given a $0.375 dividend. The ex-dividend date is Friday, March 13th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.67%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 18.66%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. OLD Second National Bank of Aurora grew its position in shares of NXP Semiconductors by 265.5% in the 4th quarter. OLD Second National Bank of Aurora now owns 212 shares of the semiconductor provider’s stock valued at $27,000 after buying an additional 154 shares during the last quarter. Lenox Wealth Management Inc. boosted its position in shares of NXP Semiconductors by 70.0% during the 4th quarter. Lenox Wealth Management Inc. now owns 221 shares of the semiconductor provider’s stock valued at $28,000 after purchasing an additional 91 shares in the last quarter. Savior LLC bought a new stake in shares of NXP Semiconductors during the 4th quarter valued at about $29,000. Sugarloaf Wealth Management LLC bought a new stake in shares of NXP Semiconductors during the 4th quarter valued at about $32,000. Finally, Procyon Private Wealth Partners LLC bought a new stake in shares of NXP Semiconductors during the 4th quarter valued at about $34,000. Hedge funds and other institutional investors own 91.07% of the company’s stock.
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.
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