NXP Semiconductors (NASDAQ:NXPI) Sets New 1-Year Low - What's Next?

NXP Semiconductors (NASDAQ:NXPI - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $178.63 and last traded at $178.49, with a volume of 740846 shares changing hands. The stock had previously closed at $193.67.

Analyst Ratings Changes

A number of equities analysts recently weighed in on NXPI shares. JPMorgan Chase & Co. dropped their target price on shares of NXP Semiconductors from $260.00 to $240.00 and set a "neutral" rating for the company in a research report on Wednesday, February 5th. Citigroup raised shares of NXP Semiconductors from a "neutral" rating to a "buy" rating and increased their price objective for the company from $210.00 to $290.00 in a report on Thursday, February 20th. Truist Financial lifted their target price on NXP Semiconductors from $245.00 to $258.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Mizuho increased their price target on NXP Semiconductors from $240.00 to $255.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Finally, Needham & Company LLC cut their price target on NXP Semiconductors from $250.00 to $230.00 and set a "buy" rating for the company in a report on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, NXP Semiconductors has an average rating of "Moderate Buy" and an average target price of $267.00.

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NXP Semiconductors Stock Down 6.4 %

The firm has a market cap of $40.78 billion, a P/E ratio of 16.53, a P/E/G ratio of 3.01 and a beta of 1.40. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. The business has a 50-day moving average price of $211.21 and a 200-day moving average price of $220.22.

NXP Semiconductors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th will be paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date is Wednesday, March 19th. NXP Semiconductors's dividend payout ratio (DPR) is 41.62%.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors 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 transaction, the chief operating officer now owns 8,828 shares in the company, valued at $1,808,504.08. The trade was a 10.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.11% of the company's stock.

Institutional Trading of NXP Semiconductors

A number of institutional investors have recently modified their holdings of the company. Central Bank & Trust Co. increased its stake in NXP Semiconductors by 1.1% during the 4th quarter. Central Bank & Trust Co. now owns 4,412 shares of the semiconductor provider's stock valued at $917,000 after purchasing an additional 48 shares in the last quarter. Parkside Financial Bank & Trust increased its position in shares of NXP Semiconductors by 9.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 573 shares of the semiconductor provider's stock valued at $119,000 after acquiring an additional 51 shares during the period. Private Trust Co. NA increased its position in shares of NXP Semiconductors by 5.8% in the 4th quarter. Private Trust Co. NA now owns 968 shares of the semiconductor provider's stock valued at $201,000 after acquiring an additional 53 shares during the period. J. W. Coons Advisors LLC raised its stake in NXP Semiconductors by 2.1% in the 4th quarter. J. W. Coons Advisors LLC now owns 2,972 shares of the semiconductor provider's stock worth $618,000 after acquiring an additional 60 shares during the last quarter. Finally, Hunter Associates Investment Management LLC lifted its position in NXP Semiconductors by 0.3% during the 4th quarter. Hunter Associates Investment Management LLC now owns 20,060 shares of the semiconductor provider's stock worth $4,180,000 after acquiring an additional 61 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.