StockNews.com Downgrades NXP Semiconductors (NASDAQ:NXPI) to Hold

StockNews.com lowered shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning.

Several other analysts have also recently weighed in on NXPI. Cantor Fitzgerald restated an "overweight" rating and set a $270.00 price target on shares of NXP Semiconductors in a report on Monday, November 4th. Stifel Nicolaus reduced their target price on shares of NXP Semiconductors from $275.00 to $260.00 and set a "hold" rating on the stock in a report on Thursday, October 17th. Truist Financial decreased their price target on shares of NXP Semiconductors from $287.00 to $252.00 and set a "buy" rating for the company in a research report on Wednesday, November 6th. Mizuho set a $290.00 price target on shares of NXP Semiconductors in a report on Friday, October 18th. Finally, The Goldman Sachs Group upgraded NXP Semiconductors from a "neutral" rating to a "buy" rating and decreased their price objective for the company from $260.00 to $257.00 in a report on Friday, January 10th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $270.85.

NXP Semiconductors Price Performance

NXPI stock traded down $2.84 during trading on Wednesday, reaching $208.55. 3,019,571 shares of the company were exchanged, compared to its average volume of 2,100,939. The company has a market capitalization of $53.00 billion, a price-to-earnings ratio of 19.90, a P/E/G ratio of 3.21 and a beta of 1.47. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.35 and a quick ratio of 1.60. The company has a 50-day moving average of $215.79 and a two-hundred day moving average of $232.08. NXP Semiconductors has a twelve month low of $202.25 and a twelve month high of $296.08.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.43 by $0.02. The company had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.25 billion. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The company's revenue for the quarter was down 5.4% compared to the same quarter last year. During the same period in the prior year, the business earned $3.31 earnings per share. As a group, equities analysts predict that NXP Semiconductors will post 11.33 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th were given a dividend of $1.014 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.94%. NXP Semiconductors's dividend payout ratio (DPR) is presently 38.65%.

Institutional Trading of NXP Semiconductors

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Global Retirement Partners LLC grew its stake in NXP Semiconductors by 5.2% in the fourth quarter. Global Retirement Partners LLC now owns 2,191 shares of the semiconductor provider's stock valued at $455,000 after acquiring an additional 108 shares during the period. Kestra Investment Management LLC lifted its holdings in shares of NXP Semiconductors by 7.2% in the 4th quarter. Kestra Investment Management LLC now owns 904 shares of the semiconductor provider's stock worth $188,000 after purchasing an additional 61 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in shares of NXP Semiconductors by 3.2% in the 4th quarter. CIBC Asset Management Inc now owns 74,287 shares of the semiconductor provider's stock worth $15,441,000 after purchasing an additional 2,276 shares in the last quarter. Strategic Financial Concepts LLC bought a new stake in NXP Semiconductors during the 4th quarter valued at $46,000. Finally, Allworth Financial LP raised its holdings in NXP Semiconductors by 150.8% during the fourth quarter. Allworth Financial LP now owns 3,566 shares of the semiconductor provider's stock worth $771,000 after buying an additional 2,144 shares during the last quarter. 90.54% of the stock is 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.