NXP Semiconductors (NASDAQ:NXPI) Shares Gap Up – Still a Buy?

Shares of NXP Semiconductors (NASDAQ:NXPI) gapped up before the market opened on Wednesday . The stock had previously closed at $210.97, but opened at $216.40. NXP Semiconductors shares last traded at $217.81, with a volume of 755,962 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NXPI. UBS Group decreased their price target on shares of NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Oppenheimer decreased their price target on shares of NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. Mizuho set a $290.00 price target on shares of NXP Semiconductors in a research report on Friday, October 18th. Barclays decreased their price target on shares of NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $250.00 price objective on shares of NXP Semiconductors in a report on Tuesday, February 4th. Five equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $264.45.

NXP Semiconductors Price Performance

The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $55.53 billion, a P/E ratio of 22.48, a PEG ratio of 2.64 and a beta of 1.46. The business has a 50 day simple moving average of $213.08 and a 200-day simple moving average of $228.68.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Thursday, December 5th were paid a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date was Thursday, December 5th. NXP Semiconductors’s dividend payout ratio is currently 41.73%.

Institutional Investors Weigh In On NXP Semiconductors

A number of hedge funds and other institutional investors have recently modified their holdings of NXPI. Norges Bank bought a new stake in shares of NXP Semiconductors during the fourth quarter valued at about $672,224,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in NXP Semiconductors by 387.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,294,340 shares of the semiconductor provider’s stock worth $550,665,000 after acquiring an additional 1,823,650 shares in the last quarter. Van ECK Associates Corp raised its position in NXP Semiconductors by 67.2% in the third quarter. Van ECK Associates Corp now owns 3,041,129 shares of the semiconductor provider’s stock worth $718,680,000 after acquiring an additional 1,222,736 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its position in NXP Semiconductors by 337.2% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 939,924 shares of the semiconductor provider’s stock worth $225,591,000 after acquiring an additional 724,951 shares in the last quarter. Finally, International Assets Investment Management LLC raised its position in NXP Semiconductors by 24,533.2% in the third quarter. International Assets Investment Management LLC now owns 514,341 shares of the semiconductor provider’s stock worth $123,447,000 after acquiring an additional 512,253 shares in the last quarter. 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.