NXP Semiconductors (NASDAQ:NXPI) Reaches New 52-Week Low – Should You Sell?

NXP Semiconductors (NASDAQ:NXPI)’s stock price reached a new 52-week low during trading on Thursday . The company traded as low as $178.63 and last traded at $178.49, with a volume of 740846 shares trading hands. The stock had previously closed at $193.67.

Analysts Set New Price Targets

Several analysts have commented on NXPI shares. Mizuho raised their price objective on NXP Semiconductors from $240.00 to $255.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Cantor Fitzgerald restated an “overweight” rating and set a $250.00 price target on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Susquehanna cut their price target on NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. 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, Arete Research raised shares of NXP Semiconductors to a “strong-buy” rating in a research note on Tuesday, March 25th. Four equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, NXP Semiconductors presently has an average rating of “Moderate Buy” and a consensus price target of $267.00.

NXP Semiconductors Stock Down 9.4 %

The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. The business’s fifty day moving average price is $213.23 and its 200 day moving average price is $221.21. The firm has a market capitalization of $44.52 billion, a PE ratio of 18.04, a PEG ratio of 3.01 and a beta of 1.47.

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 19th will be paid a $1.014 dividend. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $4.06 annualized dividend and a dividend yield of 2.31%. NXP Semiconductors’s dividend payout ratio (DPR) is currently 41.62%.

Insider Activity

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the business’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $204.86, for a total value of $204,860.00. Following the transaction, the chief operating officer now directly owns 8,828 shares of the company’s stock, valued at approximately $1,808,504.08. The trade was a 10.18 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.11% of the company’s stock.

Institutional Investors Weigh In On NXP Semiconductors

A number of institutional investors have recently added to or reduced their stakes in NXPI. Merit Financial Group LLC acquired a new stake in shares of NXP Semiconductors in the 4th quarter valued at approximately $360,000. Strategic Financial Concepts LLC purchased a new stake in shares of NXP Semiconductors during the 4th quarter worth $46,000. Austin Private Wealth LLC grew its stake in shares of NXP Semiconductors by 140.6% during the 4th quarter. Austin Private Wealth LLC now owns 3,198 shares of the semiconductor provider’s stock worth $665,000 after purchasing an additional 1,869 shares during the period. Asset Management One Co. Ltd. lifted its stake in shares of NXP Semiconductors by 2.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 98,558 shares of the semiconductor provider’s stock valued at $21,068,000 after purchasing an additional 2,609 shares during the period. Finally, Czech National Bank boosted its holdings in NXP Semiconductors by 6.2% during the fourth quarter. Czech National Bank now owns 55,107 shares of the semiconductor provider’s stock worth $11,454,000 after buying an additional 3,216 shares in 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.