NXP Semiconductors (NASDAQ:NXPI) Cut to Hold at StockNews.com

StockNews.com cut shares of NXP Semiconductors (NASDAQ:NXPI) from a buy rating to a hold rating in a report issued on Wednesday morning.

A number of other research analysts have also issued reports on the company. Cantor Fitzgerald restated an “overweight” rating and set a $270.00 price objective on shares of NXP Semiconductors in a research report on Monday, November 4th. The Goldman Sachs Group raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and reduced their price target for the company from $260.00 to $257.00 in a report on Friday, January 10th. Evercore ISI dropped their price objective on shares of NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Citic Securities assumed coverage on shares of NXP Semiconductors in a research note on Friday, October 11th. They set a $288.00 target price for the company. Finally, Mizuho set a $290.00 target price on shares of NXP Semiconductors in a research report on Friday, October 18th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $270.85.

NXP Semiconductors Stock Down 1.3 %

NXPI stock opened at $208.55 on Wednesday. The firm has a market cap of $53.01 billion, a price-to-earnings ratio of 19.90, a PEG ratio of 3.21 and a beta of 1.47. NXP Semiconductors has a 1-year low of $202.25 and a 1-year high of $296.08. The firm has a fifty day moving average price of $216.15 and a two-hundred day moving average price of $232.59. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.35 and a quick ratio of 1.60.

NXP Semiconductors (NASDAQ:NXPI) last announced 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. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The business had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.25 billion. During the same quarter in the prior year, the firm earned $3.31 EPS. The company’s revenue for the quarter was down 5.4% compared to the same quarter last year. Research analysts predict that NXP Semiconductors will post 11.33 EPS for the current year.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th were given a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.94%. The ex-dividend date was Thursday, December 5th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 38.74%.

Hedge Funds Weigh In On NXP Semiconductors

Several hedge funds have recently made changes to their positions in the business. Global Retirement Partners LLC boosted its holdings in NXP Semiconductors by 5.2% during the fourth quarter. Global Retirement Partners LLC now owns 2,191 shares of the semiconductor provider’s stock worth $455,000 after buying an additional 108 shares in the last quarter. Kestra Investment Management LLC lifted its position in shares of NXP Semiconductors by 7.2% during the 4th quarter. Kestra Investment Management LLC now owns 904 shares of the semiconductor provider’s stock valued at $188,000 after acquiring an additional 61 shares during the last quarter. CIBC Asset Management Inc boosted its stake in shares of NXP Semiconductors by 3.2% during the 4th quarter. CIBC Asset Management Inc now owns 74,287 shares of the semiconductor provider’s stock worth $15,441,000 after acquiring an additional 2,276 shares in the last quarter. Strategic Financial Concepts LLC acquired a new position in shares of NXP Semiconductors in the 4th quarter worth $46,000. Finally, Allworth Financial LP raised its position in shares of NXP Semiconductors by 150.8% during the fourth quarter. Allworth Financial LP now owns 3,566 shares of the semiconductor provider’s stock worth $771,000 after purchasing an additional 2,144 shares during the period. Institutional investors and hedge funds 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.