NXP Semiconductors (NASDAQ:NXPI) Shares Gap Down to $226.92

NXP Semiconductors (NASDAQ:NXPI) shares gapped down before the market opened on Thursday . The stock had previously closed at $226.92, but opened at $222.00. NXP Semiconductors shares last traded at $219.98, with a volume of 346,023 shares changing hands.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Barclays raised NXP Semiconductors from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $200.00 to $260.00 in a research report on Tuesday, January 16th. Susquehanna increased their price target on shares of NXP Semiconductors from $200.00 to $225.00 and gave the company a “neutral” rating in a research report on Wednesday, February 7th. JPMorgan Chase & Co. lifted their price objective on shares of NXP Semiconductors from $220.00 to $240.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 7th. Evercore ISI initiated coverage on shares of NXP Semiconductors in a research report on Tuesday. They set an “outperform” rating and a $300.00 target price for the company. Finally, Mizuho raised their price target on shares of NXP Semiconductors from $220.00 to $225.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $242.29.

NXP Semiconductors Stock Down 1.9 %

The stock has a fifty day simple moving average of $241.39 and a two-hundred day simple moving average of $218.52. The firm has a market cap of $55.09 billion, a PE ratio of 20.09, a price-to-earnings-growth ratio of 0.83 and a beta of 1.59. The company has a current ratio of 1.91, a quick ratio of 1.39 and a debt-to-equity ratio of 1.14.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Monday, February 5th. The semiconductor provider reported $3.37 EPS for the quarter, beating analysts’ consensus estimates of $3.33 by $0.04. The company had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.40 billion. NXP Semiconductors had a net margin of 21.07% and a return on equity of 38.94%. As a group, sell-side analysts expect that NXP Semiconductors will post 12.28 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Thursday, March 21st were issued a $1.014 dividend. The ex-dividend date was Wednesday, March 20th. This represents a $4.06 annualized dividend and a dividend yield of 1.89%. NXP Semiconductors’s payout ratio is currently 37.91%.

Institutional Investors Weigh In On NXP Semiconductors

Several large investors have recently added to or reduced their stakes in NXPI. Lincoln National Corp boosted its position in shares of NXP Semiconductors by 1.9% during the 4th quarter. Lincoln National Corp now owns 2,473 shares of the semiconductor provider’s stock valued at $568,000 after acquiring an additional 46 shares during the last quarter. RFG Advisory LLC increased its holdings in shares of NXP Semiconductors by 1.6% in the 1st quarter. RFG Advisory LLC now owns 2,987 shares of the semiconductor provider’s stock worth $740,000 after buying an additional 47 shares during the last quarter. IMPACTfolio LLC lifted its holdings in shares of NXP Semiconductors by 4.3% during the 4th quarter. IMPACTfolio LLC now owns 1,189 shares of the semiconductor provider’s stock worth $273,000 after acquiring an additional 49 shares during the last quarter. FinTrust Capital Advisors LLC lifted its holdings in shares of NXP Semiconductors by 75.4% during the 4th quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock worth $26,000 after acquiring an additional 49 shares during the last quarter. Finally, Financial Management Professionals Inc. grew its position in NXP Semiconductors by 4.3% in the fourth quarter. Financial Management Professionals Inc. now owns 1,220 shares of the semiconductor provider’s stock worth $280,000 after acquiring an additional 50 shares in the last quarter. Institutional investors own 90.54% of the company’s stock.

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.