NXP Semiconductors (NASDAQ:NXPI) Sets New 1-Year Low on Analyst Downgrade

Shares of NXP Semiconductors (NASDAQ:NXPIGet Rating) hit a new 52-week low on Wednesday after Barclays lowered their price target on the stock from $220.00 to $200.00. Barclays currently has an overweight rating on the stock. NXP Semiconductors traded as low as $155.53 and last traded at $155.93, with a volume of 4801 shares. The stock had previously closed at $159.09.

A number of other analysts also recently commented on NXPI. Morgan Stanley decreased their target price on NXP Semiconductors from $194.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Friday, June 10th. Piper Sandler decreased their target price on NXP Semiconductors from $210.00 to $175.00 in a research report on Tuesday, May 3rd. Oppenheimer decreased their target price on NXP Semiconductors from $235.00 to $210.00 in a research report on Thursday, April 28th. Deutsche Bank Aktiengesellschaft decreased their target price on NXP Semiconductors from $245.00 to $225.00 and set a “buy” rating on the stock in a research report on Wednesday, April 20th. Finally, Citigroup downgraded NXP Semiconductors from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $240.00 to $190.00 in a research report on Tuesday, April 19th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $222.95.

A number of institutional investors have recently added to or reduced their stakes in NXPI. Core Alternative Capital increased its stake in NXP Semiconductors by 2,183.3% in the first quarter. Core Alternative Capital now owns 137 shares of the semiconductor provider’s stock valued at $25,000 after purchasing an additional 131 shares during the last quarter. Riverview Trust Co acquired a new position in NXP Semiconductors in the first quarter valued at $26,000. Toth Financial Advisory Corp increased its stake in NXP Semiconductors by 265.1% in the first quarter. Toth Financial Advisory Corp now owns 157 shares of the semiconductor provider’s stock valued at $29,000 after purchasing an additional 114 shares during the last quarter. Steward Financial Group LLC acquired a new position in NXP Semiconductors in the first quarter valued at $30,000. Finally, Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. acquired a new position in NXP Semiconductors in the first quarter valued at $31,000. Hedge funds and other institutional investors own 89.03% of the company’s stock.

The stock has a market capitalization of $40.31 billion, a price-to-earnings ratio of 19.07, a price-to-earnings-growth ratio of 0.59 and a beta of 1.35. The company has a 50 day moving average of $175.98 and a 200 day moving average of $192.05. The company has a quick ratio of 1.39, a current ratio of 1.85 and a debt-to-equity ratio of 1.56.

NXP Semiconductors (NASDAQ:NXPIGet Rating) last announced its quarterly earnings results on Monday, May 2nd. The semiconductor provider reported $3.11 EPS for the quarter, topping the consensus estimate of $2.85 by $0.26. The company had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.10 billion. NXP Semiconductors had a return on equity of 40.21% and a net margin of 18.70%. On average, research analysts forecast that NXP Semiconductors will post 12.35 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 6th. Shareholders of record on Wednesday, June 15th will be paid a dividend of $0.845 per share. The ex-dividend date is Tuesday, June 14th. This represents a $3.38 annualized dividend and a yield of 2.20%. NXP Semiconductors’s dividend payout ratio is presently 41.99%.

About NXP Semiconductors (NASDAQ:NXPI)

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.

Read More

Receive News & Ratings for NXP Semiconductors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NXP Semiconductors and related companies with MarketBeat.com's FREE daily email newsletter.