KGI Securities cut shares of NXP Semiconductors (NASDAQ:NXPI – Get Rating) from an outperform rating to a neutral rating in a research report sent to investors on Tuesday morning, The Fly reports.
A number of other analysts have also recently weighed in on the company. Deutsche Bank Aktiengesellschaft reduced their price target on NXP Semiconductors from $225.00 to $195.00 in a research report on Wednesday, July 20th. Bank of America reduced their price target on NXP Semiconductors from $220.00 to $190.00 and set a buy rating for the company in a research report on Wednesday, June 29th. Needham & Company LLC boosted their price objective on NXP Semiconductors from $220.00 to $225.00 and gave the stock a strong-buy rating in a research report on Wednesday, July 27th. StockNews.com began coverage on NXP Semiconductors in a research report on Wednesday, October 12th. They set a buy rating for the company. Finally, Wells Fargo & Company cut their price objective on NXP Semiconductors from $240.00 to $200.00 and set an overweight rating for the company in a research report on Monday, July 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of $197.17.
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NXP Semiconductors Stock Performance
Shares of NASDAQ NXPI opened at $145.25 on Tuesday. NXP Semiconductors has a one year low of $132.08 and a one year high of $239.91. The business's 50-day moving average price is $159.72 and its two-hundred day moving average price is $167.83. The company has a market capitalization of $38.14 billion, a P/E ratio of 15.86, a price-to-earnings-growth ratio of 0.50 and a beta of 1.47. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.15 and a quick ratio of 1.65.
NXP Semiconductors (NASDAQ:NXPI – Get Rating) last announced its quarterly earnings results on Monday, July 25th. The semiconductor provider reported $4.40 earnings per share for the quarter, topping analysts' consensus estimates of $3.05 by $1.35. NXP Semiconductors had a return on equity of 49.45% and a net
margin of 19.83%. The company had revenue of $3.31 billion during the quarter, compared to analysts' expectations of $3.27 billion. During the same quarter in the previous year, the firm earned $2.05 earnings per share. The business's quarterly revenue was up 27.3% compared to the same quarter last year. Analysts anticipate that NXP Semiconductors will post 12.72 earnings per share for the current fiscal year.
NXP Semiconductors Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, October 6th. Shareholders of record on Thursday, September 15th were issued a $0.845 dividend. The ex-dividend date was Wednesday, September 14th. This represents a $3.38 annualized dividend and a yield of 2.33%. NXP Semiconductors's dividend payout ratio (DPR) is 36.90%.
Hedge Funds Weigh In On NXP Semiconductors
Several large investors have recently added to or reduced their stakes in NXPI. Sather Financial Group Inc grew its stake in shares of NXP Semiconductors by 0.8% in the 3rd quarter. Sather Financial Group Inc now owns 183,149 shares of the semiconductor provider's stock valued at $27,016,000 after purchasing an additional 1,436 shares during the period. Rosenberg Matthew Hamilton grew its stake in shares of NXP Semiconductors by 455.0% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 222 shares of the semiconductor provider's stock valued at $33,000 after purchasing an additional 182 shares during the period. Ronald Blue Trust Inc. grew its stake in shares of NXP Semiconductors by 60.9% in the 3rd quarter. Ronald Blue Trust Inc. now owns 711 shares of the semiconductor provider's stock valued at $105,000 after purchasing an additional 269 shares during the period. Whittier Trust Co. of Nevada Inc. grew its stake in shares of NXP Semiconductors by 7.3% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 5,043 shares of the semiconductor provider's stock valued at $744,000 after purchasing an additional 342 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of NXP Semiconductors by 8.4% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,321,614 shares of the semiconductor provider's stock valued at $194,951,000 after purchasing an additional 102,224 shares during the period. Institutional investors and hedge funds own 88.25% of the company's stock.
About NXP Semiconductors
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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.
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