NXP Semiconductors (NASDAQ:NXPI) Upgraded at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of NXP Semiconductors (NASDAQ:NXPI) from a neutral rating to a buy rating in a report published on Friday morning, MarketBeat Ratings reports. The brokerage currently has $257.00 price objective on the semiconductor provider’s stock, down from their prior price objective of $260.00.

NXPI has been the topic of several other reports. Loop Capital began coverage on NXP Semiconductors in a research report on Monday, November 11th. They set a “buy” rating and a $300.00 target price on the stock. Oppenheimer decreased their price target 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. TD Cowen lowered their price objective on shares of NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Wells Fargo & Company assumed coverage on NXP Semiconductors in a research note on Friday, November 22nd. They issued an “overweight” rating and a $250.00 price target on the stock. Finally, Mizuho set a $290.00 price objective on shares of NXP Semiconductors in a report on Friday, October 18th. One analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $273.19.

NXP Semiconductors Stock Performance

Shares of NXPI stock opened at $206.75 on Friday. NXP Semiconductors has a 1 year low of $201.58 and a 1 year high of $296.08. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.60 and a current ratio of 2.35. The stock has a fifty day moving average price of $219.62 and a 200 day moving average price of $237.91. The stock has a market cap of $52.55 billion, a PE ratio of 19.73, a P/E/G ratio of 4.37 and a beta of 1.47.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, beating analysts’ consensus estimates of $3.43 by $0.02. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The firm had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.25 billion. During the same quarter in the prior year, the firm earned $3.31 EPS. NXP Semiconductors’s quarterly revenue was down 5.4% on a year-over-year basis. Sell-side analysts forecast that NXP Semiconductors will post 11.33 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th were paid a $1.014 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $4.06 annualized dividend and a dividend yield of 1.96%. NXP Semiconductors’s payout ratio is 38.65%.

Institutional Investors Weigh In On NXP Semiconductors

A number of institutional investors have recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in NXP Semiconductors by 1.3% in the 3rd quarter. State Street Corp now owns 10,675,415 shares of the semiconductor provider’s stock valued at $2,572,694,000 after acquiring an additional 139,641 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of NXP Semiconductors by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 5,145,932 shares of the semiconductor provider’s stock valued at $1,231,533,000 after purchasing an additional 57,762 shares during the period. Franklin Resources Inc. boosted its stake in shares of NXP Semiconductors by 2.1% during the 3rd quarter. Franklin Resources Inc. now owns 4,459,689 shares of the semiconductor provider’s stock valued at $1,063,322,000 after buying an additional 93,129 shares during the period. Van ECK Associates Corp raised its stake in shares of NXP Semiconductors by 67.2% during the 3rd quarter. Van ECK Associates Corp now owns 3,041,129 shares of the semiconductor provider’s stock worth $718,680,000 after purchasing an additional 1,222,736 shares in the last quarter. Finally, Janus Henderson Group PLC increased its stake in shares of NXP Semiconductors by 0.7% during the 3rd quarter. Janus Henderson Group PLC now owns 2,730,933 shares of the semiconductor provider’s stock worth $655,453,000 after purchasing an additional 20,145 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

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.