NXP Semiconductors (NASDAQ:NXPI) Hits New 12-Month Low - Here's Why

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $196.95 and last traded at $200.34, with a volume of 443013 shares traded. The stock had previously closed at $202.64.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Susquehanna reduced their price target on NXP Semiconductors from $235.00 to $225.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. JPMorgan Chase & Co. reduced their target price on NXP Semiconductors from $260.00 to $240.00 and set a "neutral" rating for the company in a research note on Wednesday, February 5th. Mizuho raised their price target on shares of NXP Semiconductors from $240.00 to $255.00 and gave the stock an "outperform" rating in a research report on Thursday, February 20th. Truist Financial upped their price target 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. Finally, Barclays decreased their price objective on shares of NXP Semiconductors from $280.00 to $230.00 and set an "overweight" rating for the company in a report on Friday, January 17th. Four equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, NXP Semiconductors currently has a consensus rating of "Moderate Buy" and an average target price of $267.00.

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NXP Semiconductors Price Performance

The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36. The stock has a market capitalization of $53.33 billion, a price-to-earnings ratio of 21.63, a price-to-earnings-growth ratio of 3.01 and a beta of 1.47. The business's 50 day simple moving average is $215.46 and its 200-day simple moving average is $222.86.

NXP Semiconductors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th will be given a dividend of $1.014 per share. The ex-dividend date is Wednesday, March 19th. This represents a $4.06 annualized dividend and a dividend yield of 1.93%. NXP Semiconductors's dividend payout ratio is presently 41.62%.

Insider Activity at NXP Semiconductors

In related news, COO Andrew Micallef sold 1,000 shares of the company's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $204.86, for a total value of $204,860.00. Following the completion of the sale, the chief operating officer now owns 8,828 shares of the company's stock, valued at $1,808,504.08. This represents a 10.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.11% of the stock is owned by insiders.

Institutional Trading of NXP Semiconductors

A number of hedge funds and other institutional investors have recently made changes to their positions in NXPI. Avior Wealth Management LLC raised its holdings in shares of NXP Semiconductors by 182.1% in the 3rd quarter. Avior Wealth Management LLC now owns 220 shares of the semiconductor provider's stock worth $53,000 after purchasing an additional 142 shares in the last quarter. Commerce Bank boosted its position in shares of NXP Semiconductors by 1.2% in the 3rd quarter. Commerce Bank now owns 7,562 shares of the semiconductor provider's stock valued at $1,815,000 after purchasing an additional 87 shares during the period. Pacer Advisors Inc. increased its stake in NXP Semiconductors by 3.2% in the 3rd quarter. Pacer Advisors Inc. now owns 31,627 shares of the semiconductor provider's stock worth $7,591,000 after purchasing an additional 969 shares in the last quarter. GenTrust LLC acquired a new stake in NXP Semiconductors during the 3rd quarter worth about $206,000. Finally, Nicolet Advisory Services LLC lifted its stake in NXP Semiconductors by 102.8% during the third quarter. Nicolet Advisory Services LLC now owns 1,474 shares of the semiconductor provider's stock valued at $344,000 after buying an additional 747 shares in the last quarter. 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.