NXP Semiconductors (NASDAQ:NXPI) Price Target Cut to $250.00 by Analysts at Susquehanna

NXP Semiconductors (NASDAQ:NXPI) had its price target trimmed by Susquehanna from $260.00 to $250.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a neutral rating on the semiconductor provider’s stock.

Other research analysts also recently issued reports about the company. Morgan Stanley lowered their price target on NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating on the stock in a report on Wednesday. Truist Financial lowered their target price on NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Mizuho set a $290.00 target price on NXP Semiconductors in a report on Friday, October 18th. The Goldman Sachs Group lowered their target price on NXP Semiconductors from $285.00 to $277.00 in a report on Friday, October 11th. Finally, StockNews.com downgraded NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $275.60.

NXP Semiconductors Trading Down 0.9 %

NASDAQ NXPI opened at $233.89 on Wednesday. NXP Semiconductors has a 12 month low of $179.64 and a 12 month high of $296.08. The stock has a market cap of $59.45 billion, a P/E ratio of 22.32, a P/E/G ratio of 3.08 and a beta of 1.49. The stock’s fifty day moving average price is $235.72 and its 200-day moving average price is $253.17. The company has a current ratio of 2.35, a quick ratio of 1.52 and a debt-to-equity ratio of 0.99.

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

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th were issued a $1.014 dividend. The ex-dividend date was Thursday, September 12th. This represents a $4.06 annualized dividend and a dividend yield of 1.73%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 38.74%.

Insider Transactions at NXP Semiconductors

In related news, EVP Jennifer Wuamett sold 3,500 shares of NXP Semiconductors stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total transaction of $813,225.00. Following the completion of the sale, the executive vice president now owns 30,269 shares in the company, valued at $7,033,002.15. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.11% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in NXPI. Vanguard Group Inc. grew its position in shares of NXP Semiconductors by 17.3% in the 1st quarter. Vanguard Group Inc. now owns 12,921,432 shares of the semiconductor provider’s stock worth $3,201,543,000 after buying an additional 1,909,898 shares during the last quarter. Van ECK Associates Corp grew its position in NXP Semiconductors by 67.2% during the 3rd quarter. Van ECK Associates Corp now owns 3,041,129 shares of the semiconductor provider’s stock worth $718,680,000 after purchasing an additional 1,222,736 shares during the last quarter. Ameriprise Financial Inc. grew its position in NXP Semiconductors by 5.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,428,779 shares of the semiconductor provider’s stock worth $653,567,000 after purchasing an additional 118,366 shares during the last quarter. Legal & General Group Plc grew its position in NXP Semiconductors by 1.6% during the 2nd quarter. Legal & General Group Plc now owns 2,271,866 shares of the semiconductor provider’s stock worth $611,336,000 after purchasing an additional 35,104 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in 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 last quarter. Hedge funds and other 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.