Barclays Has Lowered Expectations for NXP Semiconductors (NASDAQ:NXPI) Stock Price

NXP Semiconductors (NASDAQ:NXPI) had its price objective trimmed by Barclays from $280.00 to $230.00 in a report published on Friday,Benzinga reports. The firm currently has an overweight rating on the semiconductor provider’s stock.

Several other research firms have also issued reports on NXPI. Stifel Nicolaus reduced their target price on NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating on the stock in a report on Thursday, October 17th. Cantor Fitzgerald reiterated an “overweight” rating and set a $270.00 price objective on shares of NXP Semiconductors in a research note on Monday, November 4th. Citic Securities started coverage on shares of NXP Semiconductors in a report on Friday, October 11th. They issued a $288.00 target price on the stock. Evercore ISI cut their price target on shares of NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Finally, Oppenheimer reduced their price target on shares of NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, NXP Semiconductors presently has an average rating of “Moderate Buy” and a consensus target price of $270.81.

NXP Semiconductors Price Performance

Shares of NXP Semiconductors stock opened at $215.36 on Friday. The company has a quick ratio of 1.60, a current ratio of 2.35 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $54.74 billion, a price-to-earnings ratio of 20.55, a price-to-earnings-growth ratio of 3.11 and a beta of 1.47. NXP Semiconductors has a twelve month low of $202.25 and a twelve month high of $296.08. The company has a 50-day simple moving average of $217.88 and a two-hundred day simple moving average of $236.74.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results 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 company had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.25 billion. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The firm’s quarterly revenue was down 5.4% on a year-over-year basis. During the same period in the previous year, the business earned $3.31 earnings per share. Analysts forecast that NXP Semiconductors will post 11.33 EPS for the current year.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th were paid a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend was Thursday, December 5th. NXP Semiconductors’s dividend payout ratio is currently 38.74%.

Institutional Investors Weigh In On NXP Semiconductors

Hedge funds have recently added to or reduced their stakes in the business. Federated Hermes Inc. grew its stake in shares of NXP Semiconductors by 33.5% in the second quarter. Federated Hermes Inc. now owns 1,617 shares of the semiconductor provider’s stock worth $435,000 after purchasing an additional 406 shares during the last quarter. Edgestream Partners L.P. bought a new stake in shares of NXP Semiconductors in the 2nd quarter valued at about $258,000. Mercer Global Advisors Inc. ADV grew its position in shares of NXP Semiconductors by 2.2% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 19,699 shares of the semiconductor provider’s stock valued at $5,301,000 after buying an additional 425 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in shares of NXP Semiconductors by 14.6% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 12,803 shares of the semiconductor provider’s stock valued at $3,389,000 after buying an additional 1,628 shares during the period. Finally, Seven Eight Capital LP acquired a new position in shares of NXP Semiconductors in the second quarter worth approximately $1,541,000. 90.54% of the stock is currently owned by institutional investors and hedge funds.

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.