StockNews.com Lowers NXP Semiconductors (NASDAQ:NXPI) to Hold

StockNews.com downgraded shares of NXP Semiconductors (NASDAQ:NXPI) from a buy rating to a hold rating in a report released on Friday.

NXPI has been the subject of several other research reports. Stifel Nicolaus boosted their target price on NXP Semiconductors from $240.00 to $275.00 and gave the stock a hold rating in a research note on Thursday, July 18th. Morgan Stanley lowered their price objective on NXP Semiconductors from $275.00 to $271.00 and set an equal weight rating for the company in a research note on Wednesday, July 24th. JPMorgan Chase & Co. upped their price objective on NXP Semiconductors from $240.00 to $280.00 and gave the company a neutral rating in a research note on Wednesday, May 1st. Argus upped their price objective on NXP Semiconductors from $260.00 to $300.00 and gave the company a buy rating in a research note on Wednesday, May 1st. Finally, Cantor Fitzgerald reaffirmed an overweight rating and issued a $350.00 price objective on shares of NXP Semiconductors in a research note on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, NXP Semiconductors currently has an average rating of Moderate Buy and an average target price of $294.89.

NXP Semiconductors Trading Down 2.4 %

NXPI opened at $237.75 on Friday. NXP Semiconductors has a twelve month low of $167.21 and a twelve month high of $296.08. The company has a 50-day simple moving average of $269.97 and a 200 day simple moving average of $251.68. The company has a quick ratio of 1.52, a current ratio of 2.21 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $60.56 billion, a price-to-earnings ratio of 21.95, a P/E/G ratio of 2.63 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 EPS for the quarter, topping the consensus estimate of $2.82 by $0.38. The firm had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.13 billion. NXP Semiconductors had a return on equity of 35.65% and a net margin of 21.21%. The business’s quarterly revenue was down 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.04 earnings per share. Analysts predict that NXP Semiconductors will post 12 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 10th. Shareholders of record on Thursday, June 13th were issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend was Thursday, June 13th. NXP Semiconductors’s payout ratio is 37.49%.

Insiders Place Their Bets

In other NXP Semiconductors news, insider Julie Southern purchased 146 shares of the business’s stock in a transaction on Tuesday, July 30th. The shares were purchased at an average cost of $257.54 per share, for a total transaction of $37,600.84. Following the acquisition, the insider now owns 11,297 shares of the company’s stock, valued at $2,909,429.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Kurt Sievers sold 8,548 shares of the stock in a transaction on Monday, June 10th. The stock was sold at an average price of $275.75, for a total value of $2,357,111.00. Following the transaction, the chief executive officer now directly owns 177,889 shares in the company, valued at approximately $49,052,891.75. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Julie Southern bought 146 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The stock was purchased at an average price of $257.54 per share, for a total transaction of $37,600.84. Following the completion of the acquisition, the insider now owns 11,297 shares in the company, valued at $2,909,429.38. The disclosure for this purchase can be found here. Company insiders own 0.11% of the company’s stock.

Hedge Funds Weigh In On NXP Semiconductors

A number of large investors have recently modified their holdings of the company. Norges Bank bought a new stake in shares of NXP Semiconductors during the 4th quarter valued at about $762,077,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in shares of NXP Semiconductors by 893.2% during 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 during the last quarter. Vanguard Group Inc. boosted its position in shares of NXP Semiconductors by 17.3% during the 1st quarter. Vanguard Group Inc. now owns 12,921,432 shares of the semiconductor provider’s stock valued at $3,201,543,000 after acquiring an additional 1,909,898 shares during the last quarter. Public Employees Retirement Association of Colorado bought a new stake in shares of NXP Semiconductors during the 4th quarter valued at about $164,044,000. Finally, Kodai Capital Management LP bought a new stake in shares of NXP Semiconductors during the 4th quarter valued at about $125,319,000. 90.54% of the stock is currently owned by institutional investors.

NXP Semiconductors Company Profile

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.