UBS Group initiated coverage on shares of NXP Semiconductors (NASDAQ:NXPI) in a research report released on Thursday morning, The Fly reports. The brokerage issued a neutral rating and a $90.00 price objective on the semiconductor provider’s stock.
A number of other analysts have also recently weighed in on the stock. Credit Suisse Group reaffirmed a buy rating and issued a $125.00 price objective on shares of NXP Semiconductors in a report on Monday. BMO Capital Markets increased their price objective on shares of NXP Semiconductors from $70.00 to $75.00 and gave the stock a market perform rating in a report on Friday, November 2nd. Citigroup lowered their target price on shares of NXP Semiconductors from $94.00 to $88.00 and set a hold rating on the stock in a research note on Friday, November 2nd. SunTrust Banks raised their target price on shares of NXP Semiconductors to $99.00 and gave the company a buy rating in a research note on Friday, November 2nd. They noted that the move was a valuation call. Finally, Cowen lowered their target price on shares of NXP Semiconductors from $114.00 to $110.00 and set an outperform rating on the stock in a research note on Friday, November 2nd. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $101.97.
Shares of NXPI stock traded down $2.21 during trading hours on Thursday, reaching $79.84. The stock had a trading volume of 646,947 shares, compared to its average volume of 3,623,201. The company has a quick ratio of 0.87, a current ratio of 1.22 and a debt-to-equity ratio of 0.50. NXP Semiconductors has a twelve month low of $69.72 and a twelve month high of $125.93. The stock has a market cap of $28.12 billion, a PE ratio of 11.12, a price-to-earnings-growth ratio of 1.07 and a beta of 0.93.
NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Wednesday, October 31st. The semiconductor provider reported $1.81 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.68 by $0.13. NXP Semiconductors had a net margin of 28.38% and a return on equity of 18.08%. The business had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $2.43 billion. Equities analysts forecast that NXP Semiconductors will post 6.15 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 7th. Stockholders of record on Friday, December 14th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, December 13th. This represents a $1.00 annualized dividend and a dividend yield of 1.25%. NXP Semiconductors’s dividend payout ratio (DPR) is 11.84%.
Large investors have recently bought and sold shares of the company. Signaturefd LLC boosted its holdings in shares of NXP Semiconductors by 299.2% in the second quarter. Signaturefd LLC now owns 1,062 shares of the semiconductor provider’s stock worth $116,000 after buying an additional 796 shares during the period. Patten Group Inc. boosted its holdings in shares of NXP Semiconductors by 490.0% in the third quarter. Patten Group Inc. now owns 1,180 shares of the semiconductor provider’s stock worth $101,000 after buying an additional 980 shares during the period. First Quadrant L P CA acquired a new position in shares of NXP Semiconductors in the third quarter worth about $108,000. FTB Advisors Inc. acquired a new position in shares of NXP Semiconductors in the third quarter worth about $307,000. Finally, Willingdon Wealth Management acquired a new position in shares of NXP Semiconductors in the third quarter worth about $121,000. Institutional investors own 75.58% 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; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.
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