NXP Semiconductors (NASDAQ:NXPI) Raised to “Overweight” at Morgan Stanley

Morgan Stanley upgraded shares of NXP Semiconductors (NASDAQ:NXPI) from an equal weight rating to an overweight rating in a research note published on Wednesday, Marketbeat Ratings reports. The firm currently has $257.00 price objective on the semiconductor provider’s stock, up from their prior price objective of $231.00.

A number of other equities research analysts have also weighed in on NXPI. Susquehanna reduced their price objective on NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. Stifel Nicolaus reduced their price target on NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating on the stock in a report on Wednesday, February 5th. Loop Capital assumed coverage on shares of NXP Semiconductors in a report on Monday, November 11th. They issued a “buy” rating and a $300.00 price objective for the company. Cantor Fitzgerald reiterated an “overweight” rating and set a $250.00 target price on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Finally, TD Cowen decreased their price target on shares of NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Five investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $264.45.

NXP Semiconductors Stock Performance

Shares of NXP Semiconductors stock opened at $219.79 on Wednesday. The company’s 50 day moving average price is $213.08 and its two-hundred day moving average price is $228.68. The firm has a market capitalization of $55.86 billion, a P/E ratio of 22.59, a P/E/G ratio of 2.64 and a beta of 1.46. NXP Semiconductors has a fifty-two week low of $198.21 and a fifty-two week high of $296.08. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60.

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 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 1.85%. NXP Semiconductors’s payout ratio is currently 41.73%.

Hedge Funds Weigh In On NXP Semiconductors

A number of institutional investors and hedge funds have recently modified their holdings of NXPI. ORG Wealth Partners LLC increased its stake in shares of NXP Semiconductors by 915.4% in 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 in the last quarter. Sound Income Strategies LLC grew its holdings in NXP Semiconductors by 169.2% in the fourth quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock worth $29,000 after purchasing an additional 88 shares during the period. Smithfield Trust Co bought a new stake in NXP Semiconductors in the fourth quarter valued at $32,000. Runnymede Capital Advisors Inc. acquired a new position in shares of NXP Semiconductors during the fourth quarter valued at about $32,000. Finally, FSA Wealth Management LLC bought a new position in shares of NXP Semiconductors during the 3rd quarter worth about $33,000. 90.54% of the stock is currently owned by institutional investors.

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.