NXP Semiconductors (NASDAQ:NXPI) Shares Gap Down Following Analyst Downgrade

Shares of NXP Semiconductors (NASDAQ:NXPI) gapped down prior to trading on Tuesday after UBS Group lowered their price target on the stock from $285.00 to $275.00. The stock had previously closed at $236.90, but opened at $220.50. UBS Group currently has a buy rating on the stock. NXP Semiconductors shares last traded at $222.85, with a volume of 1,427,260 shares.

Other analysts have also issued reports about the company. Barclays lowered their target price on NXP Semiconductors from $330.00 to $280.00 and set an “overweight” rating for the company in a research note on Tuesday. Mizuho set a $290.00 target price on NXP Semiconductors in a research note on Friday, October 18th. Susquehanna lowered their target price on NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating for the company in a research note on Wednesday. Oppenheimer lowered their target price on NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, Needham & Company LLC lowered their price objective on NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating for the company in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and an average price target of $276.85.

Insider Activity

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the business’s stock in a transaction that occurred on 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 owns 30,269 shares in the company, valued at approximately $7,033,002.15. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.11% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in NXPI. Family Firm Inc. acquired a new position in shares of NXP Semiconductors during the 2nd quarter worth approximately $27,000. Addison Advisors LLC increased its holdings in shares of NXP Semiconductors by 224.2% during the 2nd quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock worth $29,000 after acquiring an additional 74 shares during the last quarter. Valley National Advisers Inc. boosted its stake in NXP Semiconductors by 71.2% in the 2nd quarter. Valley National Advisers Inc. now owns 125 shares of the semiconductor provider’s stock valued at $33,000 after purchasing an additional 52 shares during the period. Fortitude Family Office LLC boosted its stake in NXP Semiconductors by 615.0% in the 2nd quarter. Fortitude Family Office LLC now owns 143 shares of the semiconductor provider’s stock valued at $38,000 after purchasing an additional 123 shares during the period. Finally, Beacon Capital Management LLC boosted its stake in NXP Semiconductors by 36.4% in the 1st quarter. Beacon Capital Management LLC now owns 150 shares of the semiconductor provider’s stock valued at $37,000 after purchasing an additional 40 shares during the period. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Price Performance

The company has a 50 day moving average of $236.43 and a 200-day moving average of $253.19. The firm has a market capitalization of $58.94 billion, a P/E ratio of 22.08, a P/E/G ratio of 2.57 and a beta of 1.49. The company has a current ratio of 2.21, a quick ratio of 1.52 and a debt-to-equity ratio of 1.04.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, beating analysts’ consensus estimates of $3.43 by $0.02. The firm had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.25 billion. NXP Semiconductors had a return on equity of 34.11% and a net margin of 20.98%. The company’s revenue was down 5.4% compared to the same quarter last year. During the same period in the prior year, the company posted $3.31 EPS. On average, sell-side analysts predict that NXP Semiconductors will post 11.94 EPS for the current year.

NXP Semiconductors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Thursday, September 12th were given a dividend of $1.014 per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $4.06 annualized dividend and a dividend yield of 1.75%. NXP Semiconductors’s dividend payout ratio is currently 38.74%.

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.