NXP Semiconductors (NASDAQ:NXPI) Stock Rating Upgraded by Morgan Stanley

Morgan Stanley upgraded shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) from an equal weight rating to an overweight rating in a research note issued to investors on Wednesday, MarketBeat.com reports. They currently have $257.00 price target on the semiconductor provider's stock, up from their prior price target of $231.00.

Several other equities analysts also recently commented on NXPI. Citigroup upgraded NXP Semiconductors from a "sell" rating to a "neutral" rating and boosted their price objective for the company from $200.00 to $210.00 in a research report on Wednesday, February 5th. Stifel Nicolaus lowered their price objective on NXP Semiconductors from $231.00 to $210.00 and set a "hold" rating on the stock in a research report on Wednesday, February 5th. 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 report on Wednesday, November 6th. Loop Capital assumed coverage on NXP Semiconductors in a research report on Monday, November 11th. They issued a "buy" rating and a $300.00 price objective on the stock. Finally, 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. Five equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $264.45.

NXP Semiconductors Stock Performance

NASDAQ NXPI traded up $4.55 on Wednesday, hitting $224.14. 3,085,358 shares of the company traded hands, compared to its average volume of 2,691,124. The company has a market capitalization of $56.97 billion, a price-to-earnings ratio of 23.04, a P/E/G ratio of 2.64 and a beta of 1.46. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. The business's 50 day moving average price is $213.16 and its 200-day moving average price is $228.34. NXP Semiconductors has a 52-week low of $198.21 and a 52-week high of $296.08.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders 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 yield of 1.81%. NXP Semiconductors's dividend payout ratio (DPR) is presently 41.73%.

Institutional Trading of NXP Semiconductors

Large investors have recently modified their holdings of the business. ORG Wealth Partners LLC grew its position in shares of NXP Semiconductors by 915.4% in the fourth quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider's stock valued at $27,000 after purchasing an additional 119 shares during the last quarter. Sound Income Strategies LLC boosted its position in NXP Semiconductors by 169.2% during the fourth quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider's stock worth $29,000 after acquiring an additional 88 shares during the last quarter. Smithfield Trust Co acquired a new stake in NXP Semiconductors during the fourth quarter worth approximately $32,000. Runnymede Capital Advisors Inc. acquired a new stake in NXP Semiconductors during the fourth quarter worth approximately $32,000. Finally, FSA Wealth Management LLC acquired a new stake in NXP Semiconductors during the third quarter worth approximately $33,000. 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.