NXP Semiconductors (NASDAQ:NXPI - Get Free Report) shares reached a new 52-week low during trading on Wednesday . The company traded as low as $148.09 and last traded at $153.50, with a volume of 5098022 shares changing hands. The stock had previously closed at $163.29.
Wall Street Analysts Forecast Growth
NXPI has been the subject of a number of research reports. Susquehanna cut their price target on shares of NXP Semiconductors from $235.00 to $225.00 and set a "neutral" rating for the company in a research note on Wednesday, February 5th. Citigroup reduced their price target on NXP Semiconductors from $290.00 to $220.00 and set a "buy" rating on the stock in a research note on Friday. Mizuho boosted their price target on NXP Semiconductors from $240.00 to $255.00 and gave the stock an "outperform" rating in a research report on Thursday, February 20th. StockNews.com downgraded shares of NXP Semiconductors from a "buy" rating to a "hold" rating in a research report on Wednesday, January 29th. Finally, Truist Financial boosted their price objective on shares of NXP Semiconductors from $245.00 to $258.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Four analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, NXP Semiconductors has a consensus rating of "Moderate Buy" and a consensus price target of $263.50.
View Our Latest Research Report on NXPI
NXP Semiconductors Stock Performance
The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. The firm has a fifty day moving average of $205.37 and a 200 day moving average of $217.03. The stock has a market cap of $43.67 billion, a price-to-earnings ratio of 17.69, a PEG ratio of 3.01 and a beta of 1.40.
NXP Semiconductors Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th were paid a $1.014 dividend. The ex-dividend date was Wednesday, March 19th. This represents a $4.06 annualized dividend and a dividend yield of 2.36%. NXP Semiconductors's dividend payout ratio (DPR) is 41.62%.
Insider Activity at NXP Semiconductors
In other news, COO Andrew Micallef sold 1,000 shares of the business's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $204.86, for a total value of $204,860.00. Following the sale, the chief operating officer now directly owns 8,828 shares of the company's stock, valued at approximately $1,808,504.08. The trade was a 10.18 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.11% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new position in NXP Semiconductors in the fourth quarter valued at $672,224,000. Van ECK Associates Corp lifted its position in NXP Semiconductors by 27.1% in the fourth quarter. Van ECK Associates Corp now owns 3,865,446 shares of the semiconductor provider's stock valued at $803,432,000 after acquiring an additional 824,317 shares during the last quarter. Voloridge Investment Management LLC boosted its stake in NXP Semiconductors by 131.4% in the fourth quarter. Voloridge Investment Management LLC now owns 1,025,517 shares of the semiconductor provider's stock valued at $213,154,000 after acquiring an additional 582,317 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of NXP Semiconductors by 26,732.0% during the first quarter. GAMMA Investing LLC now owns 583,864 shares of the semiconductor provider's stock worth $110,969,000 after purchasing an additional 581,688 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of NXP Semiconductors by 1,172.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 555,189 shares of the semiconductor provider's stock worth $115,396,000 after purchasing an additional 511,553 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.
About NXP Semiconductors
(
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.
Featured Articles
Before you consider NXP Semiconductors, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NXP Semiconductors wasn't on the list.
While NXP Semiconductors currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
