NXP Semiconductors (NASDAQ:NXPI) Research Coverage Started at Jefferies Financial Group

Jefferies Financial Group began coverage on shares of NXP Semiconductors (NASDAQ:NXPIFree Report) in a report published on Monday, MarketBeat Ratings reports. The brokerage issued a buy rating and a $325.00 price target on the semiconductor provider’s stock.

A number of other equities research analysts have also recently commented on NXPI. Needham & Company LLC raised their price objective on shares of NXP Semiconductors from $250.00 to $280.00 and gave the stock a buy rating in a research note on Wednesday, May 1st. JPMorgan Chase & Co. lifted their price objective on shares of NXP Semiconductors from $240.00 to $280.00 and gave the company a neutral rating in a report on Wednesday, May 1st. StockNews.com raised shares of NXP Semiconductors from a hold rating to a buy rating in a research note on Wednesday, May 8th. Cantor Fitzgerald restated an overweight rating and issued a $290.00 price target on shares of NXP Semiconductors in a research note on Tuesday, April 30th. Finally, UBS Group upped their price target on NXP Semiconductors from $230.00 to $270.00 and gave the stock a neutral rating in a report on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, NXP Semiconductors has a consensus rating of Moderate Buy and an average target price of $263.00.

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NXP Semiconductors Stock Up 1.6 %

Shares of NXPI opened at $272.00 on Monday. The company has a market capitalization of $69.54 billion, a price-to-earnings ratio of 25.12, a PEG ratio of 0.96 and a beta of 1.54. NXP Semiconductors has a 52 week low of $163.26 and a 52 week high of $272.29. The stock’s 50-day moving average price is $244.74 and its 200-day moving average price is $225.86. The company has a quick ratio of 1.64, a current ratio of 2.35 and a debt-to-equity ratio of 1.11.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Thursday, March 21st were given a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.49%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 37.49%.

Hedge Funds Weigh In On NXP Semiconductors

A number of institutional investors have recently added to or reduced their stakes in NXPI. Future Financial Wealth Managment LLC purchased a new position in shares of NXP Semiconductors during the 1st quarter worth $25,000. Operose Advisors LLC acquired a new position in NXP Semiconductors in the 3rd quarter valued at about $26,000. FinTrust Capital Advisors LLC grew its stake in shares of NXP Semiconductors by 75.4% in the 4th quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock valued at $26,000 after buying an additional 49 shares during the period. LifeSteps Financial Inc. acquired a new stake in shares of NXP Semiconductors during the 1st quarter worth approximately $30,000. Finally, Valley National Advisers Inc. raised its position in shares of NXP Semiconductors by 98.6% during the 4th quarter. Valley National Advisers Inc. now owns 137 shares of the semiconductor provider’s stock valued at $31,000 after buying an additional 68 shares during the period. Hedge funds and other institutional investors own 90.54% of the company’s stock.

About NXP Semiconductors

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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.

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