NXP Semiconductors (NASDAQ:NXPI) Shares Gap Up to $247.13

NXP Semiconductors (NASDAQ:NXPI - Get Free Report)'s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $247.13, but opened at $257.72. NXP Semiconductors shares last traded at $257.98, with a volume of 1,116,807 shares changing hands.

Analyst Upgrades and Downgrades

NXPI has been the subject of a number of recent research reports. Evercore ISI initiated coverage on shares of NXP Semiconductors in a research report on Tuesday, April 16th. They set an "outperform" rating and a $300.00 price objective for the company. Susquehanna boosted their price objective on shares of NXP Semiconductors from $200.00 to $225.00 and gave the company a "neutral" rating in a research report on Wednesday, February 7th. Wolfe Research raised 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 research report on Thursday, January 18th. Barclays raised shares of NXP Semiconductors from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $200.00 to $260.00 in a research note on Tuesday, January 16th. Finally, JPMorgan Chase & Co. boosted their target price on shares of NXP Semiconductors from $220.00 to $240.00 and gave the company a "neutral" rating in a research note on Wednesday, February 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $242.29.

NXP Semiconductors Trading Up 3.7 %

The company has a market capitalization of $65.61 billion, a price-to-earnings ratio of 24.20, a price-to-earnings-growth ratio of 0.92 and a beta of 1.59. The business's 50 day moving average price is $241.50 and its two-hundred day moving average price is $220.29. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.39 and a current ratio of 1.91.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its earnings results on Monday, February 5th. The semiconductor provider reported $3.37 EPS for the quarter, beating the consensus estimate of $3.33 by $0.04. NXP Semiconductors had a net margin of 21.07% and a return on equity of 38.94%. The business had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.40 billion. Equities analysts forecast that NXP Semiconductors will post 12.21 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Thursday, March 21st were paid a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend was Wednesday, March 20th. NXP Semiconductors's dividend payout ratio is presently 37.91%.

Institutional Trading of NXP Semiconductors

Several institutional investors and hedge funds have recently added to or reduced their stakes in NXPI. Norges Bank purchased a new stake in shares of NXP Semiconductors in the 4th quarter valued at approximately $762,077,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of NXP Semiconductors by 893.2% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,332,578 shares of the semiconductor provider's stock valued at $535,747,000 after acquiring an additional 2,097,727 shares in the last quarter. Public Employees Retirement Association of Colorado purchased a new stake in shares of NXP Semiconductors in the 4th quarter valued at approximately $164,044,000. Kodai Capital Management LP purchased a new stake in shares of NXP Semiconductors in the 4th quarter valued at approximately $125,319,000. Finally, International Assets Investment Management LLC lifted its position in shares of NXP Semiconductors by 21,013.6% in the 4th quarter. International Assets Investment Management LLC now owns 515,172 shares of the semiconductor provider's stock valued at $118,325,000 after acquiring an additional 512,732 shares in the last quarter. 90.54% of the stock is 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.