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

NXP Semiconductors (NASDAQ:NXPI)’s stock price gapped down prior to trading 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 traded.

Analyst Upgrades and Downgrades

NXPI has been the topic of several research reports. JPMorgan Chase & Co. lifted their price target on NXP Semiconductors from $220.00 to $240.00 and gave the company a “neutral” rating in a research report on Wednesday, February 7th. Cantor Fitzgerald boosted their target price on shares of NXP Semiconductors from $270.00 to $290.00 and gave the company an “overweight” rating in a report on Monday, April 8th. StockNews.com upgraded shares of NXP Semiconductors from a “hold” rating to a “buy” rating in a research note on Tuesday. Wolfe Research raised shares of NXP Semiconductors from a “peer perform” rating to an “outperform” rating and set a $255.00 price objective on the stock in a research note on Thursday, January 18th. Finally, Susquehanna upped their price objective on shares of NXP Semiconductors from $200.00 to $225.00 and gave the stock a “neutral” rating in a report 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, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $242.29.

NXP Semiconductors Price Performance

The stock has a market capitalization of $56.61 billion, a PE ratio of 21.19, a PEG ratio of 0.87 and a beta of 1.59. The firm’s fifty day moving average price is $241.93 and its two-hundred day moving average price is $218.41. The company has a quick ratio of 1.39, a current ratio of 1.91 and a debt-to-equity ratio of 1.14.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share for the quarter, beating analysts’ consensus estimates of $3.33 by $0.04. The business 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%. On average, equities analysts predict that NXP Semiconductors will post 12.28 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Thursday, March 21st were given a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $4.06 annualized dividend and a yield of 1.84%. NXP Semiconductors’s payout ratio is 37.91%.

Institutional Investors Weigh In On NXP Semiconductors

A number of large investors have recently made changes to their positions in NXPI. Future Financial Wealth Managment LLC bought a new stake in NXP Semiconductors during the first quarter valued at approximately $25,000. Operose Advisors LLC purchased a new position in shares of NXP Semiconductors during the 3rd quarter worth $26,000. FinTrust Capital Advisors LLC grew its position 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 valued at $26,000 after acquiring an additional 49 shares during the period. Live Oak Investment Partners purchased a new stake in shares of NXP Semiconductors in the 4th quarter worth $26,000. Finally, Fortis Capital Advisors LLC purchased a new stake in shares of NXP Semiconductors in the 4th quarter worth $27,000. 90.54% of the stock is currently owned by 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.