NXP Semiconductors (NASDAQ:NXPI - Get Free Report) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $266.21 and last traded at $266.21, with a volume of 80525 shares changing hands. The stock had previously closed at $261.73.
Analyst Ratings Changes
Several analysts have recently weighed in on the company. Jefferies Financial Group initiated coverage on NXP Semiconductors in a research report on Monday. They set a "buy" rating and a $325.00 target price for the company. Oppenheimer raised their target price on shares of NXP Semiconductors from $250.00 to $295.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 1st. Cantor Fitzgerald reiterated an "overweight" rating and issued a $290.00 price target on shares of NXP Semiconductors in a report on Tuesday, April 30th. The Goldman Sachs Group raised their price objective on NXP Semiconductors from $240.00 to $275.00 and gave the stock a "neutral" rating in a report on Wednesday, May 1st. Finally, StockNews.com raised NXP Semiconductors from a "hold" rating to a "buy" rating in a research report on Wednesday, May 8th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $261.60.
Read Our Latest Stock Report on NXPI
NXP Semiconductors Stock Up 0.8 %
The firm has a market capitalization of $67.48 billion, a P/E ratio of 24.37, a PEG ratio of 0.95 and a beta of 1.54. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.64 and a current ratio of 2.35. The business's fifty day moving average price is $244.16 and its two-hundred day moving average price is $224.64.
NXP Semiconductors Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Thursday, March 21st were issued a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date was Wednesday, March 20th. NXP Semiconductors's dividend payout ratio is currently 37.40%.
Institutional Trading of NXP Semiconductors
A number of institutional investors have recently bought and sold shares of NXPI. Future Financial Wealth Managment LLC acquired a new stake in NXP Semiconductors in the 1st quarter worth approximately $25,000. Operose Advisors LLC purchased a new position in NXP Semiconductors during the 3rd quarter worth approximately $26,000. FinTrust Capital Advisors LLC raised its position in NXP Semiconductors by 75.4% during the 4th quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider's stock worth $26,000 after buying an additional 49 shares during the last quarter. LifeSteps Financial Inc. purchased a new position in NXP Semiconductors during the 1st quarter worth approximately $30,000. Finally, Valley National Advisers Inc. raised its position in NXP Semiconductors by 98.6% during the 4th quarter. Valley National Advisers Inc. now owns 137 shares of the semiconductor provider's stock worth $31,000 after buying an additional 68 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.
NXP Semiconductors Company Profile
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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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