Shares of NXP Semiconductors (NASDAQ:NXPI - Get Free Report) hit a new 52-week low on Thursday . The stock traded as low as $178.63 and last traded at $178.49, with a volume of 740846 shares. The stock had previously closed at $193.67.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on NXPI shares. Morgan Stanley raised NXP Semiconductors from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $231.00 to $257.00 in a research report on Wednesday, February 12th. JPMorgan Chase & Co. lowered their price objective on shares of NXP Semiconductors from $260.00 to $240.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 5th. StockNews.com downgraded NXP Semiconductors from a "buy" rating to a "hold" rating in a research note on Wednesday, January 29th. Arete Research raised shares of NXP Semiconductors to a "strong-buy" rating in a report on Tuesday, March 25th. Finally, Barclays decreased their price target on shares of NXP Semiconductors from $280.00 to $230.00 and set an "overweight" rating on the stock in a research report on Friday, January 17th. Four equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, NXP Semiconductors currently has an average rating of "Moderate Buy" and a consensus target price of $267.00.
Check Out Our Latest Stock Analysis on NXPI
NXP Semiconductors Price Performance
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 firm's fifty day moving average price is $210.18 and its 200 day moving average price is $219.69. The stock has a market cap of $38.93 billion, a PE ratio of 15.78, a P/E/G ratio of 3.01 and a beta of 1.40.
NXP Semiconductors Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th will be given a $1.014 dividend. The ex-dividend date is Wednesday, March 19th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 2.64%. NXP Semiconductors's dividend payout ratio is currently 41.62%.
Insider Buying and Selling
In related news, COO Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $204.86, for a total value of $204,860.00. Following the completion of the transaction, the chief operating officer now owns 8,828 shares in the company, valued at approximately $1,808,504.08. This trade represents a 10.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.11% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On NXP Semiconductors
Several institutional investors have recently modified their holdings of NXPI. ORG Wealth Partners LLC lifted its position in NXP Semiconductors by 915.4% in the fourth quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider's stock worth $27,000 after buying an additional 119 shares during the last quarter. Sound Income Strategies LLC raised its position in NXP Semiconductors by 169.2% during the 4th quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider's stock valued at $29,000 after purchasing an additional 88 shares in the last quarter. Smithfield Trust Co bought a new stake in NXP Semiconductors during the 4th quarter valued at $32,000. Runnymede Capital Advisors Inc. bought a new position in shares of NXP Semiconductors during the 4th quarter worth $32,000. Finally, Brooklyn Investment Group grew its position in shares of NXP Semiconductors by 69.5% during the 4th quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider's stock worth $33,000 after buying an additional 66 shares in the last quarter. 90.54% of the stock is owned by institutional investors.
NXP Semiconductors Company Profile
(
Get Free Report)
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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