NXP Semiconductors (NASDAQ:NXPI) Upgraded to Buy by StockNews.com

NXP Semiconductors (NASDAQ:NXPI) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Thursday.

Other equities research analysts have also issued research reports about the stock. Truist Financial raised their target price on shares of NXP Semiconductors from $264.00 to $265.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Cantor Fitzgerald restated an “overweight” rating and issued a $270.00 target price on shares of NXP Semiconductors in a report on Monday, March 4th. Oppenheimer raised their target price on shares of NXP Semiconductors from $220.00 to $250.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. JPMorgan Chase & Co. raised their target price on shares of NXP Semiconductors from $220.00 to $240.00 and gave the stock a “neutral” rating in a report on Wednesday, February 7th. Finally, Wolfe Research upgraded shares of NXP Semiconductors from a “peer perform” rating to an “outperform” rating and set a $255.00 price objective for the company in a report on Thursday, January 18th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $238.75.

NXP Semiconductors Price Performance

NXPI stock opened at $247.77 on Thursday. NXP Semiconductors has a 52 week low of $155.31 and a 52 week high of $264.26. The company has a quick ratio of 1.39, a current ratio of 1.91 and a debt-to-equity ratio of 1.14. The company has a fifty day simple moving average of $235.76 and a two-hundred day simple moving average of $214.22. The firm has a market capitalization of $63.54 billion, a P/E ratio of 23.13, a price-to-earnings-growth ratio of 0.93 and a beta of 1.60.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.33 by $0.04. The firm had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.40 billion. NXP Semiconductors had a net margin of 21.07% and a return on equity of 38.94%. Analysts anticipate that NXP Semiconductors will post 12.28 earnings per share for the current fiscal year.

Insider Buying and Selling at NXP Semiconductors

In other news, EVP Jennifer Wuamett sold 2,120 shares of NXP Semiconductors stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $227.26, for a total value of $481,791.20. Following the transaction, the executive vice president now owns 38,229 shares of the company’s stock, valued at approximately $8,687,922.54. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of NXPI. Nomura Holdings Inc. acquired a new stake in NXP Semiconductors in the 4th quarter worth approximately $3,695,000. HighPoint Advisor Group LLC acquired a new stake in NXP Semiconductors in the 4th quarter worth approximately $1,521,000. PNC Financial Services Group Inc. boosted its stake in NXP Semiconductors by 1.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 72,877 shares of the semiconductor provider’s stock worth $16,738,000 after purchasing an additional 989 shares in the last quarter. Hennessy Advisors Inc. acquired a new stake in NXP Semiconductors in the 4th quarter worth approximately $131,000. Finally, Vanguard Group Inc. boosted its stake in NXP Semiconductors by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 11,011,534 shares of the semiconductor provider’s stock worth $2,529,129,000 after purchasing an additional 118,562 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

About NXP Semiconductors

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.