Susquehanna Bancshares started coverage on shares of NXP Semiconductors (NASDAQ:NXPI) in a research note released on Friday morning, Marketbeat Ratings reports. The brokerage issued a neutral rating and a $90.00 price objective on the semiconductor provider’s stock.
Other equities research analysts have also issued research reports about the stock. Needham & Company LLC cut their price target on shares of NXP Semiconductors to $100.00 and set a buy rating on the stock in a report on Friday, October 26th. Stifel Nicolaus lowered shares of NXP Semiconductors from a hold rating to a sell rating and cut their price target for the stock from $99.00 to $84.00 in a report on Wednesday, September 12th. Cowen dropped their target price on shares of NXP Semiconductors from $114.00 to $110.00 and set an outperform rating for the company in a research report on Friday, November 2nd. Credit Suisse Group reaffirmed a buy rating and issued a $125.00 target price on shares of NXP Semiconductors in a research report on Monday, December 3rd. Finally, BMO Capital Markets raised their target price on shares of NXP Semiconductors from $70.00 to $75.00 and gave the stock a market perform rating in a research report on Friday, November 2nd. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the stock. The stock has an average rating of Hold and an average target price of $101.97.
NXP Semiconductors stock traded down $5.55 during trading hours on Friday, reaching $76.50. The stock had a trading volume of 3,863,283 shares, compared to its average volume of 3,611,533. The firm has a market cap of $28.20 billion, a PE ratio of 10.65, a price-to-earnings-growth ratio of 1.07 and a beta of 0.93. NXP Semiconductors has a 52 week low of $69.72 and a 52 week high of $125.93. The company has a quick ratio of 0.87, a current ratio of 1.22 and a debt-to-equity ratio of 0.50.
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 7th. Investors of record on Friday, December 14th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $1.00 dividend on an annualized basis and a yield of 1.31%. NXP Semiconductors’s dividend payout ratio (DPR) is currently 11.84%.
A number of hedge funds and other institutional investors have recently modified their holdings of NXPI. Janney Montgomery Scott LLC raised its holdings in NXP Semiconductors by 66.9% in the second quarter. Janney Montgomery Scott LLC now owns 12,116 shares of the semiconductor provider’s stock worth $1,324,000 after buying an additional 4,857 shares during the last quarter. TD Asset Management Inc. raised its holdings in NXP Semiconductors by 5.6% in the second quarter. TD Asset Management Inc. now owns 99,335 shares of the semiconductor provider’s stock worth $10,854,000 after buying an additional 5,300 shares during the last quarter. Sei Investments Co. raised its holdings in NXP Semiconductors by 34.4% in the second quarter. Sei Investments Co. now owns 25,297 shares of the semiconductor provider’s stock worth $2,765,000 after buying an additional 6,480 shares during the last quarter. Engineers Gate Manager LP purchased a new position in NXP Semiconductors in the second quarter worth about $590,000. Finally, Nomura Asset Management Co. Ltd. raised its holdings in NXP Semiconductors by 19.3% in the second quarter. Nomura Asset Management Co. Ltd. now owns 53,228 shares of the semiconductor provider’s stock worth $5,816,000 after buying an additional 8,600 shares during the last quarter. 75.58% of the stock is owned by institutional investors.
About NXP Semiconductors
NXP Semiconductors N.V., a semiconductor company, provides high performance mixed signal solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. The company offers products for audio and visual head-end unit applications, such as single-chip radio solutions, multi-standard radios, audio amplifiers and power analog products, and i.MX applications processors; in-vehicle networking products; two-way secure entry products; various sensors and microcontrollers; power management solutions; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.
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