TD Cowen Cuts NXP Semiconductors (NASDAQ:NXPI) Price Target to $285.00

NXP Semiconductors (NASDAQ:NXPI - Free Report) had its target price reduced by TD Cowen from $300.00 to $285.00 in a research report report published on Friday morning, Marketbeat.com reports. They currently have a buy rating on the semiconductor provider's stock.

A number of other analysts also recently issued reports on NXPI. Stifel Nicolaus decreased their target price on shares of NXP Semiconductors from $275.00 to $260.00 and set a "hold" rating on the stock in a research report on Thursday, October 17th. The Goldman Sachs Group decreased their price objective on shares of NXP Semiconductors from $285.00 to $277.00 in a report on Friday, October 11th. Susquehanna dropped their target price on shares of NXP Semiconductors from $260.00 to $250.00 and set a "neutral" rating for the company in a report on Wednesday. Oppenheimer decreased their price target on NXP Semiconductors from $330.00 to $300.00 and set an "outperform" rating on the stock in a research note on Wednesday. Finally, StockNews.com downgraded NXP Semiconductors from a "buy" rating to a "hold" rating in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $275.60.

NXP Semiconductors Price Performance

NXPI traded down $2.22 during midday trading on Friday, hitting $233.90. 2,708,767 shares of the company traded hands, compared to its average volume of 2,297,594. The company has a market capitalization of $59.45 billion, a price-to-earnings ratio of 22.32, a PEG ratio of 2.57 and a beta of 1.49. The business has a 50 day simple moving average of $236.43 and a two-hundred day simple moving average of $253.19. The company has a current ratio of 2.21, a quick ratio of 1.52 and a debt-to-equity ratio of 1.04. NXP Semiconductors has a 52-week low of $179.64 and a 52-week high of $296.08.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, beating the consensus estimate of $3.43 by $0.02. NXP Semiconductors had a return on equity of 34.11% and a net margin of 20.98%. The firm had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.25 billion. During the same period in the prior year, the company earned $3.31 EPS. The firm's revenue was down 5.4% compared to the same quarter last year. On average, equities analysts forecast that NXP Semiconductors will post 11.94 earnings per share 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 issued a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.73%. The ex-dividend date was Thursday, September 12th. NXP Semiconductors's dividend payout ratio is presently 38.65%.

Insider Buying and Selling at NXP Semiconductors

In other news, EVP Jennifer Wuamett sold 3,500 shares of NXP Semiconductors stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total transaction of $813,225.00. Following the completion of the sale, the executive vice president now directly 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.11% of the stock is owned by corporate insiders.

Institutional Trading of NXP Semiconductors

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Bessemer Group Inc. lifted its stake in shares of NXP Semiconductors by 4,525.6% during the first quarter. Bessemer Group Inc. now owns 356,774 shares of the semiconductor provider's stock worth $88,399,000 after purchasing an additional 349,061 shares in the last quarter. M&G Plc purchased a new position in NXP Semiconductors in the 1st quarter worth approximately $65,830,000. QRG Capital Management Inc. grew its position in NXP Semiconductors by 34.1% in the first quarter. QRG Capital Management Inc. now owns 1,716 shares of the semiconductor provider's stock valued at $425,000 after acquiring an additional 436 shares in the last quarter. Mather Group LLC. raised its stake in shares of NXP Semiconductors by 23.3% during the second quarter. Mather Group LLC. now owns 566 shares of the semiconductor provider's stock valued at $140,000 after purchasing an additional 107 shares during the period. Finally, Mackenzie Financial Corp raised its stake in shares of NXP Semiconductors by 21.1% during the second quarter. Mackenzie Financial Corp now owns 154,293 shares of the semiconductor provider's stock valued at $41,519,000 after purchasing an additional 26,851 shares during the period. 90.54% of the stock is currently owned by institutional investors and hedge funds.

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.