NXP Semiconductors (NASDAQ:NXPI) Shares Gap Up – What’s Next?

NXP Semiconductors (NASDAQ:NXPI) gapped up before the market opened on Wednesday . The stock had previously closed at $210.97, but opened at $216.40. NXP Semiconductors shares last traded at $217.81, with a volume of 755,962 shares.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on NXPI shares. Loop Capital began coverage on shares of NXP Semiconductors in a research note on Monday, November 11th. They issued a “buy” rating and a $300.00 price target on the stock. Stifel Nicolaus decreased their price objective on NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating on the stock in a report on Wednesday, February 5th. Needham & Company LLC lowered their price objective on NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. Oppenheimer reduced their target price on shares of NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. Finally, Mizuho set a $290.00 price target on shares of NXP Semiconductors in a research note on Friday, October 18th. Five investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $264.45.

NXP Semiconductors Price Performance

The business has a fifty day moving average price of $213.00 and a 200 day moving average price of $228.62. The company has a market cap of $55.81 billion, a price-to-earnings ratio of 22.57, a PEG ratio of 2.64 and a beta of 1.46. 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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th were issued a $1.014 dividend. The ex-dividend date was Thursday, December 5th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.85%. NXP Semiconductors’s dividend payout ratio (DPR) is currently 41.62%.

Institutional Investors Weigh In On NXP Semiconductors

Several hedge funds and other institutional investors have recently made changes to their positions in NXPI. Norges Bank acquired a new stake in NXP Semiconductors in the fourth quarter valued at approximately $672,224,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in NXP Semiconductors by 387.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,294,340 shares of the semiconductor provider’s stock worth $550,665,000 after purchasing an additional 1,823,650 shares in the last quarter. Van ECK Associates Corp raised its position in NXP Semiconductors by 67.2% in the third quarter. Van ECK Associates Corp now owns 3,041,129 shares of the semiconductor provider’s stock valued at $718,680,000 after purchasing an additional 1,222,736 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of NXP Semiconductors by 337.2% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 939,924 shares of the semiconductor provider’s stock valued at $225,591,000 after purchasing an additional 724,951 shares in the last quarter. Finally, International Assets Investment Management LLC grew its holdings in shares of NXP Semiconductors by 24,533.2% during the third quarter. International Assets Investment Management LLC now owns 514,341 shares of the semiconductor provider’s stock worth $123,447,000 after purchasing an additional 512,253 shares during the last quarter. 90.54% of the stock is owned by institutional investors.

NXP Semiconductors Company Profile

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.