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

NXP Semiconductors (NASDAQ:NXPI) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $148.09 and last traded at $153.50, with a volume of 5098022 shares traded. The stock had previously closed at $163.29.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NXPI. Citigroup upgraded shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and lifted their target price for the company from $210.00 to $290.00 in a research note on Thursday, February 20th. Barclays decreased their target price on NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Arete Research raised shares of NXP Semiconductors to a “strong-buy” rating in a report on Tuesday, March 25th. Mizuho boosted their target price on NXP Semiconductors from $240.00 to $255.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. Finally, JPMorgan Chase & Co. cut their target price on shares of NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Four analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $267.00.

NXP Semiconductors Trading Down 10.9 %

The company’s 50 day simple moving average is $206.04 and its two-hundred day simple moving average is $217.66. 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 company has a market capitalization of $42.00 billion, a price-to-earnings ratio of 17.02, a P/E/G ratio of 3.01 and a beta of 1.40.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th were issued a dividend of $1.014 per share. The ex-dividend date was Wednesday, March 19th. This represents a $4.06 annualized dividend and a dividend yield of 2.45%. NXP Semiconductors’s dividend payout ratio (DPR) is currently 41.62%.

Insider Transactions at NXP Semiconductors

In related news, COO Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $204.86, for a total transaction of $204,860.00. Following the completion of the transaction, the chief operating officer now owns 8,828 shares of the company’s stock, valued at $1,808,504.08. This trade represents a 10.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.11% of the company’s stock.

Institutional Trading of NXP Semiconductors

A number of hedge funds have recently modified their holdings of the stock. Vest Financial LLC lifted its stake in shares of NXP Semiconductors by 52.2% in the 1st quarter. Vest Financial LLC now owns 5,793 shares of the semiconductor provider’s stock valued at $1,101,000 after purchasing an additional 1,987 shares during the period. Annex Advisory Services LLC acquired a new stake in shares of NXP Semiconductors during the 1st quarter valued at about $1,984,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in NXP Semiconductors by 37.1% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,034 shares of the semiconductor provider’s stock worth $387,000 after purchasing an additional 550 shares during the period. Long Run Wealth Advisors LLC boosted its position in NXP Semiconductors by 10.6% during the first quarter. Long Run Wealth Advisors LLC now owns 17,608 shares of the semiconductor provider’s stock worth $3,347,000 after purchasing an additional 1,692 shares in the last quarter. Finally, Greenfield Savings Bank increased its position in shares of NXP Semiconductors by 7.9% in the first quarter. Greenfield Savings Bank now owns 1,345 shares of the semiconductor provider’s stock valued at $256,000 after buying an additional 99 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.