NXP Semiconductors (NASDAQ:NXPI) Given New $275.00 Price Target at UBS Group

NXP Semiconductors (NASDAQ:NXPI) had its target price cut by UBS Group from $285.00 to $275.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have a buy rating on the semiconductor provider’s stock.

NXPI has been the topic of a number of other research reports. The Goldman Sachs Group cut their price target on shares of NXP Semiconductors from $285.00 to $277.00 in a report on Friday, October 11th. Evercore ISI cut their price objective on NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating for the company in a report on Wednesday. Barclays lowered their target price on NXP Semiconductors from $330.00 to $280.00 and set an “overweight” rating on the stock in a report on Tuesday. Citic Securities started coverage on NXP Semiconductors in a research note on Friday, October 11th. They set a $288.00 price target for the company. Finally, Susquehanna lowered their price objective on shares of NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating on the stock in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $275.60.

NXP Semiconductors Stock Down 0.9 %

Shares of NXP Semiconductors stock traded down $2.23 during trading on Wednesday, hitting $233.89. The company’s stock had a trading volume of 2,743,168 shares, compared to its average volume of 2,429,677. NXP Semiconductors has a 52 week low of $179.64 and a 52 week high of $296.08. The company has a market capitalization of $59.45 billion, a PE ratio of 22.32, a P/E/G ratio of 3.08 and a beta of 1.49. The company has a fifty day simple moving average of $235.72 and a two-hundred day simple moving average of $253.17. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.52 and a current ratio of 2.35.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, topping the consensus estimate of $3.43 by $0.02. The company had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.25 billion. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The firm’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.31 EPS. Equities research analysts predict that NXP Semiconductors will post 11.94 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th were issued a $1.014 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $4.06 dividend on an annualized basis and a yield of 1.73%. NXP Semiconductors’s dividend payout ratio is currently 38.74%.

Insider Buying and Selling at NXP Semiconductors

In other news, EVP Jennifer Wuamett sold 3,500 shares of NXP Semiconductors stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total value of $813,225.00. Following the sale, the executive vice president now directly owns 30,269 shares of the company’s stock, valued at approximately $7,033,002.15. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.11% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in NXPI. Vanguard Group Inc. increased 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 purchasing an additional 1,909,898 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of 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 valued at $718,680,000 after acquiring an additional 1,222,736 shares during the period. Ameriprise Financial Inc. raised its stake in shares of NXP Semiconductors by 5.1% in the second quarter. Ameriprise Financial Inc. now owns 2,428,779 shares of the semiconductor provider’s stock valued at $653,567,000 after acquiring an additional 118,366 shares during the period. Legal & General Group Plc lifted its holdings in shares of NXP Semiconductors by 1.6% in the 2nd quarter. Legal & General Group Plc now owns 2,271,866 shares of the semiconductor provider’s stock worth $611,336,000 after acquiring an additional 35,104 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of NXP Semiconductors by 5.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,533,421 shares of the semiconductor provider’s stock worth $412,628,000 after purchasing an additional 80,087 shares during the period. Institutional investors own 90.54% of the company’s stock.

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.