NXP Semiconductors (NASDAQ:NXPI) Price Target Lowered to $280.00 at Barclays

NXP Semiconductors (NASDAQ:NXPI) had its price objective reduced by Barclays from $330.00 to $280.00 in a research note issued to investors on Tuesday, Benzinga reports. Barclays currently has an overweight rating on the semiconductor provider’s stock.

NXPI has been the subject of a number of other research reports. Stifel Nicolaus decreased their target price on shares of NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating for the company in a research report on Thursday, October 17th. Mizuho set a $290.00 price objective on shares of NXP Semiconductors in a research report on Friday, October 18th. TD Cowen dropped their target price on shares of NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. StockNews.com downgraded NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Finally, Truist Financial lowered their price objective on NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $286.40.

NXP Semiconductors Price Performance

NXPI stock opened at $224.65 on Tuesday. The company has a market capitalization of $57.23 billion, a P/E ratio of 21.00, a PEG ratio of 2.59 and a beta of 1.49. The company has a fifty day moving average price of $236.74 and a 200-day moving average price of $253.34. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.52 and a current ratio of 2.21. NXP Semiconductors has a 52-week low of $178.19 and a 52-week high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, topping the consensus estimate of $3.43 by $0.02. The firm had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.25 billion. NXP Semiconductors had a return on equity of 35.65% and a net margin of 21.21%. The business’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same period in the previous year, the business earned $3.31 EPS. As a group, equities analysts expect that NXP Semiconductors will post 11.94 EPS for the current year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th were issued a $1.014 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $4.06 annualized dividend and a dividend yield of 1.81%. NXP Semiconductors’s dividend payout ratio is currently 37.94%.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the stock in a transaction dated 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 sale, the executive vice president now owns 30,269 shares in the company, valued at approximately $7,033,002.15. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.11% of the stock is owned by insiders.

Institutional Investors Weigh In On NXP Semiconductors

Several institutional investors and hedge funds have recently added to or reduced their stakes in NXPI. Financial Counselors Inc. increased its stake in NXP Semiconductors by 11.2% in the 1st quarter. Financial Counselors Inc. now owns 2,434 shares of the semiconductor provider’s stock valued at $603,000 after buying an additional 245 shares during the last quarter. Central Pacific Bank Trust Division purchased a new stake in shares of NXP Semiconductors during the 1st quarter worth approximately $54,000. Texas Permanent School Fund Corp increased its stake in shares of NXP Semiconductors by 0.9% during the 1st quarter. Texas Permanent School Fund Corp now owns 53,282 shares of the semiconductor provider’s stock worth $13,202,000 after purchasing an additional 460 shares during the last quarter. Advisory Alpha LLC increased its stake in shares of NXP Semiconductors by 31.0% during the 1st quarter. Advisory Alpha LLC now owns 2,017 shares of the semiconductor provider’s stock worth $500,000 after purchasing an additional 477 shares during the last quarter. Finally, Manchester Capital Management LLC increased its stake in shares of NXP Semiconductors by 341.0% during the 1st quarter. Manchester Capital Management LLC now owns 269 shares of the semiconductor provider’s stock worth $67,000 after purchasing an additional 208 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

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.