NXP Semiconductors (NASDAQ:NXPI) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of NXP Semiconductors (NASDAQ:NXPI) from a buy rating to a hold rating in a report released on Saturday,Wall Street Zen reports.

A number of other research analysts have also commented on NXPI. Oppenheimer upped their price objective on shares of NXP Semiconductors from $300.00 to $325.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. TD Cowen decreased their target price on NXP Semiconductors from $340.00 to $290.00 and set a “buy” rating on the stock in a research report on Wednesday, July 29th. Wells Fargo & Company cut their price target on NXP Semiconductors from $290.00 to $280.00 and set an “equal weight” rating for the company in a report on Wednesday, July 29th. Stifel Nicolaus set a $282.00 price objective on NXP Semiconductors in a research report on Wednesday, July 29th. Finally, Mizuho decreased their price objective on NXP Semiconductors from $200.00 to $190.00 and set an “underperform” rating on the stock in a report on Wednesday, July 29th. Sixteen equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $305.43.

NXP Semiconductors Trading Up 0.5%

Shares of NXP Semiconductors stock opened at $224.64 on Friday. NXP Semiconductors has a 1 year low of $183.00 and a 1 year high of $339.95. The company’s fifty day simple moving average is $255.51 and its 200-day simple moving average is $252.40. The company has a market cap of $56.65 billion, a price-to-earnings ratio of 19.17, a PEG ratio of 0.76 and a beta of 1.82. The company has a current ratio of 2.04, a quick ratio of 1.36 and a debt-to-equity ratio of 0.88.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 EPS for the quarter, beating the consensus estimate of $3.52 by $0.09. The firm had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.47 billion. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. The business’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the prior year, the company earned $2.72 EPS. As a group, sell-side analysts expect that NXP Semiconductors will post 13.73 EPS for the current year.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Wednesday, September 16th will be paid a $1.014 dividend. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $4.06 dividend on an annualized basis and a yield of 1.8%. NXP Semiconductors’s payout ratio is presently 34.64%.

Insider Transactions at NXP Semiconductors

In related news, EVP Andrew Micallef sold 1,000 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $315.57, for a total value of $315,570.00. Following the completion of the transaction, the executive vice president owned 8,942 shares of the company’s stock, valued at $2,821,826.94. This represents a 10.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is owned by company insiders.

Institutional Investors Weigh In On NXP Semiconductors

Institutional investors have recently added to or reduced their stakes in the stock. JPL Wealth Management LLC bought a new position in shares of NXP Semiconductors during the 3rd quarter worth approximately $26,000. SHP Wealth Management bought a new stake in NXP Semiconductors in the fourth quarter valued at $27,000. Allied Private Wealth LLC acquired a new position in NXP Semiconductors during the second quarter worth $28,000. Fiduciary Financial Advisors acquired a new position in NXP Semiconductors during the second quarter worth $28,000. Finally, Acumen Wealth Advisors LLC acquired a new position in NXP Semiconductors during the fourth quarter worth $28,000. 90.54% of the stock is owned by institutional investors and hedge funds.

About NXP Semiconductors

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.