Susquehanna Lowers NXP Semiconductors (NASDAQ:NXPI) Price Target to $235.00

NXP Semiconductors (NASDAQ:NXPI) had its price objective lowered by Susquehanna from $250.00 to $235.00 in a research note issued to investors on Wednesday morning,Benzinga reports. The firm currently has a neutral rating on the semiconductor provider’s stock.

A number of other equities analysts have also commented on the stock. Citic Securities began coverage on shares of NXP Semiconductors in a report on Friday, October 11th. They issued a $288.00 price target on the stock. 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 research report on Wednesday, November 6th. Stifel Nicolaus cut their price objective on NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating for the company in a report on Thursday, October 17th. Barclays decreased their price objective on NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Finally, The Goldman Sachs Group upgraded shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and reduced their price target for the company from $260.00 to $257.00 in a research report on Friday, January 10th. One analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, NXP Semiconductors has an average rating of “Moderate Buy” and an average price target of $270.85.

NXP Semiconductors Trading Up 0.6 %

NXP Semiconductors stock opened at $216.09 on Wednesday. The stock has a market cap of $54.92 billion, a P/E ratio of 20.62, a PEG ratio of 3.24 and a beta of 1.47. NXP Semiconductors has a fifty-two week low of $202.25 and a fifty-two week high of $296.08. The firm’s fifty day moving average price is $217.08 and its 200-day moving average price is $235.07. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.60 and a current ratio of 2.35.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, beating the consensus estimate 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 quarter last year, the firm posted $3.31 EPS. The company’s revenue was down 5.4% compared to the same quarter last year. Equities research analysts forecast that NXP Semiconductors will post 11.33 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th were given a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date was Thursday, December 5th. NXP Semiconductors’s payout ratio is currently 38.74%.

Institutional Investors Weigh In On NXP Semiconductors

Institutional investors and hedge funds have recently modified their holdings of the stock. Benjamin F. Edwards & Company Inc. boosted its position in NXP Semiconductors by 9.4% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 627 shares of the semiconductor provider’s stock valued at $169,000 after acquiring an additional 54 shares in the last quarter. Sei Investments Co. grew its position in shares of NXP Semiconductors by 31.1% in the 2nd quarter. Sei Investments Co. now owns 78,034 shares of the semiconductor provider’s stock worth $20,998,000 after buying an additional 18,529 shares during the period. Thrivent Financial for Lutherans boosted its stake in NXP Semiconductors by 7.5% during the second quarter. Thrivent Financial for Lutherans now owns 13,696 shares of the semiconductor provider’s stock worth $3,685,000 after acquiring an additional 956 shares in the last quarter. 1832 Asset Management L.P. boosted its position in shares of NXP Semiconductors by 13.6% in the 2nd quarter. 1832 Asset Management L.P. now owns 6,055 shares of the semiconductor provider’s stock worth $1,629,000 after purchasing an additional 725 shares in the last quarter. Finally, Public Sector Pension Investment Board boosted its holdings in NXP Semiconductors by 71.4% in the second quarter. Public Sector Pension Investment Board now owns 9,725 shares of the semiconductor provider’s stock worth $2,617,000 after acquiring an additional 4,052 shares in the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

About NXP Semiconductors

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.