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

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

NXPI has been the topic of a number of other research reports. Truist Financial cut their price target on shares of NXP Semiconductors from $291.00 to $287.00 and set a buy rating on the stock in a research note on Wednesday, July 24th. TD Cowen cut their price target on shares of NXP Semiconductors from $330.00 to $310.00 and set a buy rating on the stock in a research note on Wednesday, July 24th. UBS Group increased their price target on shares of NXP Semiconductors from $230.00 to $270.00 and gave the stock a neutral rating in a research note on Wednesday, May 1st. Barclays increased their price target on shares of NXP Semiconductors from $280.00 to $330.00 and gave the stock an overweight rating in a research note on Thursday, July 18th. Finally, Stifel Nicolaus increased their price target on shares of NXP Semiconductors from $240.00 to $275.00 and gave the stock a hold rating in a research note on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of $294.89.

NXP Semiconductors Trading Down 2.4 %

NASDAQ NXPI opened at $237.75 on Friday. The stock has a market capitalization of $60.56 billion, a P/E ratio of 21.95, a P/E/G ratio of 2.63 and a beta of 1.49. NXP Semiconductors has a 52-week low of $167.21 and a 52-week high of $296.08. The firm has a 50-day moving average price of $269.97 and a 200 day moving average price 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.

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

NXP Semiconductors Announces Dividend

The business also recently disclosed 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 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend was Thursday, June 13th. NXP Semiconductors’s dividend payout ratio is currently 37.49%.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Ballentine Partners LLC bought a new stake in NXP Semiconductors in the 4th quarter valued at about $208,000. Advisory Alpha LLC bought a new stake in NXP Semiconductors in the 4th quarter valued at about $354,000. Asset Management One Co. Ltd. raised its position in shares of NXP Semiconductors by 1.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 105,361 shares of the semiconductor provider’s stock worth $24,346,000 after buying an additional 1,419 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of NXP Semiconductors by 21,013.6% during the 4th quarter. International Assets Investment Management LLC now owns 515,172 shares of the semiconductor provider’s stock worth $118,325,000 after buying an additional 512,732 shares in the last quarter. Finally, Advisors Preferred LLC raised its position in shares of NXP Semiconductors by 55.7% during the 4th quarter. Advisors Preferred LLC now owns 453 shares of the semiconductor provider’s stock worth $100,000 after buying an additional 162 shares in the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

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.