NXP Semiconductors (NASDAQ:NXPI) Shares Gap Up - Should You Buy?

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) gapped up prior to trading 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 changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on NXPI shares. Morgan Stanley raised shares of NXP Semiconductors from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $231.00 to $257.00 in a research report on Wednesday. Stifel Nicolaus decreased their target price on shares of NXP Semiconductors from $231.00 to $210.00 and set a "hold" rating on the stock in a research report on Wednesday, February 5th. Loop Capital began coverage on NXP Semiconductors in a research note on Monday, November 11th. They issued a "buy" rating and a $300.00 price target for the company. Evercore ISI lowered their price objective on NXP Semiconductors from $370.00 to $315.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 6th. Finally, Wells Fargo & Company began coverage on NXP Semiconductors in a research report on Friday, November 22nd. They set an "overweight" rating and a $250.00 target price for the company. Five analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $264.45.

NXP Semiconductors Price Performance

The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. The firm has a market capitalization of $56.97 billion, a price-to-earnings ratio of 23.04, a PEG ratio of 2.64 and a beta of 1.46. The business's fifty day simple moving average is $213.16 and its 200 day simple moving average is $228.18.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th were given a dividend of $1.014 per share. The ex-dividend date was Thursday, December 5th. This represents a $4.06 dividend on an annualized basis and a yield of 1.81%. NXP Semiconductors's dividend payout ratio is presently 41.73%.

Institutional Trading of NXP Semiconductors

Several hedge funds and other institutional investors have recently modified their holdings of the business. ORG Wealth Partners LLC raised its holdings in NXP Semiconductors by 915.4% during the 4th quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider's stock valued at $27,000 after acquiring an additional 119 shares during the period. FSA Wealth Management LLC bought a new stake in shares of NXP Semiconductors during the 3rd quarter valued at $33,000. Sound Income Strategies LLC lifted its holdings in NXP Semiconductors by 169.2% during the 4th quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider's stock worth $29,000 after purchasing an additional 88 shares in the last quarter. Runnymede Capital Advisors Inc. purchased a new position in NXP Semiconductors during the 4th quarter valued at about $32,000. Finally, Smithfield Trust Co bought a new stake in shares of NXP Semiconductors during the fourth quarter valued at about $32,000. 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.