NXP Semiconductors (NASDAQ:NXPI) Downgraded by StockNews.com

StockNews.com lowered shares of NXP Semiconductors (NASDAQ:NXPI) from a buy rating to a hold rating in a research report report published on Tuesday morning.

A number of other equities research analysts have also weighed in on NXPI. JPMorgan Chase & Co. lifted their target price on NXP Semiconductors from $220.00 to $240.00 and gave the company a neutral rating in a research report on Wednesday, February 7th. Truist Financial lifted their price objective on NXP Semiconductors from $264.00 to $265.00 and gave the company a buy rating in a report on Wednesday, February 7th. Cantor Fitzgerald reiterated an overweight rating and set a $290.00 target price on shares of NXP Semiconductors in a report on Tuesday. Morgan Stanley boosted their price target on shares of NXP Semiconductors from $221.00 to $224.00 and gave the company an equal weight rating in a report on Wednesday, February 7th. Finally, Barclays raised shares of NXP Semiconductors from an equal weight rating to an overweight rating and upped their price target for the stock from $200.00 to $260.00 in a research report on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and an average price target of $257.72.

NXP Semiconductors Trading Up 1.4 %

NXPI stock opened at $257.85 on Tuesday. NXP Semiconductors has a 12 month low of $161.23 and a 12 month high of $264.26. The firm’s 50-day moving average is $242.58 and its 200 day moving average is $221.15. The company has a market capitalization of $65.93 billion, a PE ratio of 23.81, a P/E/G ratio of 0.95 and a beta of 1.54. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.35 and a quick ratio of 1.39.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Monday, February 5th. The semiconductor provider reported $3.37 EPS for the quarter, topping analysts’ consensus estimates of $3.33 by $0.04. NXP Semiconductors had a net margin of 21.24% and a return on equity of 37.65%. The business had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.40 billion. On average, research analysts anticipate that NXP Semiconductors will post 12.21 EPS for the current year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Thursday, March 21st were paid a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $4.06 annualized dividend and a dividend yield of 1.57%. NXP Semiconductors’s payout ratio is currently 37.40%.

Hedge Funds Weigh In On NXP Semiconductors

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. lifted its holdings in shares of NXP Semiconductors by 46.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 89,297 shares of the semiconductor provider’s stock worth $20,510,000 after purchasing an additional 28,518 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of NXP Semiconductors by 29.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 125,594 shares of the semiconductor provider’s stock valued at $28,846,000 after acquiring an additional 28,758 shares during the last quarter. Stratos Wealth Partners LTD. increased its stake in shares of NXP Semiconductors by 27.0% in the fourth quarter. Stratos Wealth Partners LTD. now owns 4,788 shares of the semiconductor provider’s stock worth $1,100,000 after acquiring an additional 1,019 shares during the period. Handelsbanken Fonder AB lifted its position in NXP Semiconductors by 33.4% during the fourth quarter. Handelsbanken Fonder AB now owns 136,364 shares of the semiconductor provider’s stock valued at $31,320,000 after purchasing an additional 34,131 shares during the period. Finally, Heritage Wealth Management LLC purchased a new stake in NXP Semiconductors in the fourth quarter valued at $845,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

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.