NXP Semiconductors (NASDAQ:NXPI) Hits New 1-Year High at $274.53

NXP Semiconductors (NASDAQ:NXPI - Get Free Report)'s stock price hit a new 52-week high during trading on Monday . The company traded as high as $274.53 and last traded at $274.11, with a volume of 390500 shares changing hands. The stock had previously closed at $267.72.

Analyst Ratings Changes

NXPI has been the subject of a number of analyst reports. StockNews.com raised shares of NXP Semiconductors from a "hold" rating to a "buy" rating in a report on Wednesday, May 8th. Evercore ISI raised their price objective on shares of NXP Semiconductors from $300.00 to $370.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 1st. 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. Jefferies Financial Group assumed coverage on shares of NXP Semiconductors in a research note on Monday, May 13th. They issued a "buy" rating and a $325.00 price objective for the company. Finally, UBS Group raised their price objective on shares of NXP Semiconductors from $230.00 to $270.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 1st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $263.00.

NXP Semiconductors Trading Up 2.2 %

The company has a market capitalization of $69.95 billion, a price-to-earnings ratio of 25.26, a P/E/G ratio of 0.97 and a beta of 1.54. The company has a quick ratio of 1.64, a current ratio of 2.35 and a debt-to-equity ratio of 1.11. The company's 50 day simple moving average is $246.09 and its two-hundred day simple moving average is $228.60.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced its earnings results on Monday, April 29th. The semiconductor provider reported $2.85 earnings per share for the quarter, beating the consensus estimate of $2.78 by $0.07. The company had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.13 billion. NXP Semiconductors had a net margin of 21.24% and a return on equity of 37.65%. As a group, research analysts anticipate that NXP Semiconductors will post 12.44 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Thursday, March 21st were paid a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $4.06 annualized dividend and a dividend yield of 1.48%. NXP Semiconductors's payout ratio is currently 37.49%.

Institutional Investors Weigh In On NXP Semiconductors

Institutional investors and hedge funds have recently made changes to their positions in the stock. Future Financial Wealth Managment LLC acquired a new position in NXP Semiconductors during the first quarter valued at $25,000. Operose Advisors LLC acquired a new position in NXP Semiconductors during the third quarter valued at $26,000. FinTrust Capital Advisors LLC lifted its position in NXP Semiconductors by 75.4% during the fourth quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider's stock valued at $26,000 after purchasing an additional 49 shares during the period. LifeSteps Financial Inc. acquired a new position in NXP Semiconductors during the first quarter valued at $30,000. Finally, Valley National Advisers Inc. lifted its position in NXP Semiconductors by 98.6% during the fourth quarter. Valley National Advisers Inc. now owns 137 shares of the semiconductor provider's stock valued at $31,000 after purchasing an additional 68 shares during the period. 90.54% of the stock is currently owned by institutional investors and hedge funds.

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.