NXP Semiconductors (NASDAQ:NXPI) Price Target Lowered to $315.00 at Evercore ISI

NXP Semiconductors (NASDAQ:NXPI) had its target price trimmed by Evercore ISI from $370.00 to $315.00 in a research note issued to investors on Wednesday morning,Benzinga reports. The firm currently has an outperform rating on the semiconductor provider’s stock.

Other equities research analysts also recently issued reports about the company. Citigroup raised their price target on NXP Semiconductors from $150.00 to $220.00 and gave the stock a “sell” rating in a research note on Monday, July 15th. TD Cowen lowered their target price on shares of NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Citic Securities assumed coverage on shares of NXP Semiconductors in a report on Friday, October 11th. They set a $288.00 price objective for the company. Oppenheimer dropped their target price on shares of NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating on the stock in a research note on Wednesday. Finally, Stifel Nicolaus reduced their target price on shares of NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating on the stock in a research report on Thursday, October 17th. One research 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, the company presently has an average rating of “Moderate Buy” and an average target price of $275.60.

NXP Semiconductors Trading Down 0.9 %

NASDAQ NXPI traded down $2.23 during trading hours on Wednesday, hitting $233.89. 2,743,168 shares of the company were exchanged, compared to its average volume of 2,429,677. The stock has a market cap of $59.45 billion, a PE ratio of 22.32, a price-to-earnings-growth ratio of 3.08 and a beta of 1.49. The company has a quick ratio of 1.52, a current ratio of 2.35 and a debt-to-equity ratio of 0.99. The stock has a 50-day moving average price of $235.72 and a 200 day moving average price of $253.17. NXP Semiconductors has a 52 week low of $179.64 and a 52 week high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, beating analysts’ consensus estimates of $3.43 by $0.02. The business had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.25 billion. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The business’s revenue was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.31 earnings per share. Analysts forecast that NXP Semiconductors will post 11.94 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Thursday, September 12th were issued a dividend of $1.014 per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $4.06 annualized dividend and a yield of 1.73%. NXP Semiconductors’s dividend payout ratio is presently 38.74%.

Insider Buying and Selling at NXP Semiconductors

In related news, EVP Jennifer Wuamett sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total transaction of $813,225.00. Following 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.11% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in NXPI. Trustmark National Bank Trust Department lifted its holdings in shares of NXP Semiconductors by 6.8% during the 3rd quarter. Trustmark National Bank Trust Department now owns 921 shares of the semiconductor provider’s stock valued at $221,000 after acquiring an additional 59 shares in the last quarter. Ontario Teachers Pension Plan Board boosted its position in shares of NXP Semiconductors by 31.8% in the third quarter. Ontario Teachers Pension Plan Board now owns 2,389 shares of the semiconductor provider’s stock worth $573,000 after buying an additional 576 shares during the period. Advisors Asset Management Inc. grew its stake in shares of NXP Semiconductors by 1.2% in the third quarter. Advisors Asset Management Inc. now owns 21,674 shares of the semiconductor provider’s stock valued at $5,202,000 after buying an additional 248 shares in the last quarter. Commerce Bank raised its holdings in shares of NXP Semiconductors by 1.2% during the 3rd quarter. Commerce Bank now owns 7,562 shares of the semiconductor provider’s stock valued at $1,815,000 after buying an additional 87 shares during the period. Finally, Kraft Davis & Associates LLC lifted its position in NXP Semiconductors by 7.1% during the 3rd quarter. Kraft Davis & Associates LLC now owns 1,148 shares of the semiconductor provider’s stock worth $269,000 after acquiring an additional 76 shares in the last quarter. 90.54% of the stock is owned by hedge funds and other 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.