NXP Semiconductors (NASDAQ:NXPI) Shares Gap Down – Time to Sell?

Shares of NXP Semiconductors (NASDAQ:NXPI) gapped down prior to trading on Tuesday . The stock had previously closed at $236.90, but opened at $220.50. NXP Semiconductors shares last traded at $222.85, with a volume of 1,427,260 shares traded.

Analyst Ratings Changes

Several equities analysts have recently commented on NXPI shares. Cantor Fitzgerald reissued an “overweight” rating and issued a $270.00 target price on shares of NXP Semiconductors in a report on Monday. UBS Group upgraded shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and increased their price objective for the company from $275.00 to $285.00 in a research report on Monday, October 7th. Truist Financial lowered their price objective on shares of NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. StockNews.com lowered shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Finally, Citic Securities initiated coverage on shares of NXP Semiconductors in a research report on Friday, October 11th. They set a $288.00 price objective for the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $288.90.

NXP Semiconductors Trading Down 6.5 %

The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.52 and a current ratio of 2.21. The company’s fifty day simple moving average is $237.30 and its 200-day simple moving average is $253.27. The company has a market capitalization of $56.42 billion, a P/E ratio of 20.83, a PEG ratio of 2.59 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI) last issued its 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. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. The company had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.25 billion. During the same period in the prior year, the business earned $3.31 EPS. The firm’s quarterly revenue was down 5.4% on a year-over-year basis. Research analysts predict that NXP Semiconductors will post 11.94 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th were issued a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date was Thursday, September 12th. NXP Semiconductors’s dividend payout ratio is currently 37.94%.

Insider Activity

In related news, EVP Jennifer Wuamett sold 3,500 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total value of $813,225.00. Following the completion of the transaction, the executive vice president now directly owns 30,269 shares of the company’s stock, valued at $7,033,002.15. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.11% of the company’s stock.

Hedge Funds Weigh In On NXP Semiconductors

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Prime Capital Investment Advisors LLC raised its position in NXP Semiconductors by 10.6% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 1,552 shares of the semiconductor provider’s stock worth $373,000 after buying an additional 149 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd purchased a new position in NXP Semiconductors during the 3rd quarter worth approximately $462,000. Entropy Technologies LP purchased a new position in NXP Semiconductors during the 3rd quarter worth approximately $4,416,000. Apollon Wealth Management LLC raised its position in NXP Semiconductors by 29.0% during the 3rd quarter. Apollon Wealth Management LLC now owns 5,068 shares of the semiconductor provider’s stock worth $1,216,000 after buying an additional 1,138 shares during the last quarter. Finally, Laffer Tengler Investments Inc. raised its position in NXP Semiconductors by 1.7% during the 3rd quarter. Laffer Tengler Investments Inc. now owns 23,574 shares of the semiconductor provider’s stock worth $5,658,000 after buying an additional 385 shares during the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

NXP Semiconductors Company Profile

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.