Stifel Nicolaus Lowers NXP Semiconductors (NASDAQ:NXPI) Price Target to $260.00

NXP Semiconductors (NASDAQ:NXPI - Free Report) had its target price decreased by Stifel Nicolaus from $275.00 to $260.00 in a research report report published on Thursday morning, Benzinga reports. Stifel Nicolaus currently has a hold rating on the semiconductor provider's stock.

NXPI has been the subject of several other reports. Citigroup raised their price target on shares of NXP Semiconductors from $150.00 to $220.00 and gave the stock a "sell" rating in a research note on Monday, July 15th. Citic Securities assumed coverage on shares of NXP Semiconductors in a research note on Friday, October 11th. They set a $288.00 price target for the company. Oppenheimer raised their price target on shares of NXP Semiconductors from $295.00 to $330.00 and gave the stock an "outperform" rating in a research note on Friday, July 12th. Barclays raised their price target on shares of NXP Semiconductors from $280.00 to $330.00 and gave the stock an "overweight" rating in a research note on Thursday, July 18th. Finally, Cantor Fitzgerald decreased their target price on shares of NXP Semiconductors from $350.00 to $270.00 and set an "overweight" rating for the company in a research note on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $290.65.

NXP Semiconductors Stock Down 0.2 %

NXPI stock traded down $0.45 during mid-day trading on Thursday, hitting $232.28. 2,044,557 shares of the company were exchanged, compared to its average volume of 2,266,055. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.52 and a current ratio of 2.21. The firm has a market cap of $59.39 billion, a P/E ratio of 21.44, a P/E/G ratio of 2.58 and a beta of 1.49. The firm's 50 day simple moving average is $239.99 and its 200 day simple moving average is $253.09. NXP Semiconductors has a 1-year low of $167.21 and a 1-year high of $296.08.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced its earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 EPS for the quarter, topping the consensus estimate of $2.82 by $0.38. The firm had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.13 billion. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. The business's quarterly revenue was down 5.2% on a year-over-year basis. During the same period last year, the company posted $3.04 EPS. On average, sell-side analysts predict that NXP Semiconductors will post 11.97 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Thursday, September 12th were paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date was Thursday, September 12th. NXP Semiconductors's dividend payout ratio (DPR) is presently 37.40%.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of NXP Semiconductors stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total value of $813,225.00. Following the transaction, the executive vice president now owns 30,269 shares in the company, valued at $7,033,002.15. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, EVP Jennifer Wuamett sold 3,500 shares of the business's stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total transaction of $813,225.00. Following the sale, the executive vice president now directly owns 30,269 shares in the company, valued at approximately $7,033,002.15. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Julie Southern bought 146 shares of NXP Semiconductors stock in a transaction that occurred on Tuesday, July 30th. The stock was bought at an average price of $257.54 per share, for a total transaction of $37,600.84. Following the completion of the acquisition, the insider now directly owns 11,297 shares of the company's stock, valued at $2,909,429.38. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.11% of the stock is owned by insiders.

Institutional Trading of NXP Semiconductors

Institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its stake in NXP Semiconductors by 62.8% in the first quarter. GAMMA Investing LLC now owns 1,120 shares of the semiconductor provider's stock valued at $278,000 after buying an additional 432 shares during the period. First Hawaiian Bank raised its position in NXP Semiconductors by 4.6% in the 1st quarter. First Hawaiian Bank now owns 5,380 shares of the semiconductor provider's stock valued at $1,333,000 after buying an additional 235 shares during the last quarter. Mather Group LLC. purchased a new stake in NXP Semiconductors in the 1st quarter valued at $105,000. Rise Advisors LLC bought a new position in NXP Semiconductors in the 1st quarter valued at $35,000. Finally, Massmutual Trust Co. FSB ADV grew its stake in NXP Semiconductors by 17.7% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 465 shares of the semiconductor provider's stock valued at $115,000 after purchasing an additional 70 shares during the period. 90.54% of the stock is currently owned by institutional investors.

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.