NXP Semiconductors (NASDAQ:NXPI) Shares Gap Down to $226.92

NXP Semiconductors (NASDAQ:NXPI) gapped down prior to trading on Thursday . The stock had previously closed at $226.92, but opened at $222.00. NXP Semiconductors shares last traded at $219.98, with a volume of 346,023 shares.

Analyst Upgrades and Downgrades

NXPI has been the subject of several analyst reports. Barclays upgraded NXP Semiconductors from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $200.00 to $260.00 in a report on Tuesday, January 16th. Morgan Stanley boosted their target price on shares of NXP Semiconductors from $221.00 to $224.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. TD Cowen upped their price target on shares of NXP Semiconductors from $270.00 to $300.00 and gave the company an “outperform” rating in a research note on Tuesday, March 12th. Truist Financial lifted their price objective on shares of NXP Semiconductors from $264.00 to $265.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Finally, Evercore ISI began coverage on NXP Semiconductors in a research report on Tuesday. They issued an “outperform” rating and a $300.00 target price on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, NXP Semiconductors has a consensus rating of “Moderate Buy” and a consensus target price of $242.29.

NXP Semiconductors Price Performance

The stock has a market capitalization of $56.61 billion, a PE ratio of 21.19, a P/E/G ratio of 0.87 and a beta of 1.59. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.91 and a quick ratio of 1.39. The stock’s fifty day moving average is $241.93 and its 200-day moving average is $218.41.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share for the quarter, topping analysts’ consensus estimates of $3.33 by $0.04. NXP Semiconductors had a net margin of 21.07% and a return on equity of 38.94%. The business had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.40 billion. As a group, equities analysts predict that NXP Semiconductors will post 12.28 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Thursday, March 21st were given a dividend of $1.014 per share. The ex-dividend date was Wednesday, March 20th. This represents a $4.06 dividend on an annualized basis and a yield of 1.84%. NXP Semiconductors’s dividend payout ratio is currently 37.91%.

Institutional Trading of NXP Semiconductors

A number of institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC grew its stake in NXP Semiconductors by 0.4% in the 3rd quarter. FMR LLC now owns 25,779,812 shares of the semiconductor provider’s stock valued at $5,153,900,000 after acquiring an additional 91,453 shares during the period. Vanguard Group Inc. lifted its holdings in NXP Semiconductors by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 11,011,534 shares of the semiconductor provider’s stock valued at $2,529,129,000 after purchasing an additional 118,562 shares in the last quarter. State Street Corp grew its position in shares of NXP Semiconductors by 2.4% in the first quarter. State Street Corp now owns 10,011,984 shares of the semiconductor provider’s stock valued at $1,876,564,000 after purchasing an additional 232,704 shares during the period. Geode Capital Management LLC increased its stake in shares of NXP Semiconductors by 2.2% during the first quarter. Geode Capital Management LLC now owns 4,611,435 shares of the semiconductor provider’s stock worth $857,868,000 after purchasing an additional 98,570 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in shares of NXP Semiconductors by 44.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,417,231 shares of the semiconductor provider’s stock worth $823,704,000 after purchasing an additional 1,360,582 shares during the last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

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.