Stifel Nicolaus Lowers NXP Semiconductors (NASDAQ:NXPI) Price Target to $210.00

NXP Semiconductors (NASDAQ:NXPI) had its target price decreased by Stifel Nicolaus from $231.00 to $210.00 in a report released on Wednesday morning,Benzinga reports. Stifel Nicolaus currently has a hold rating on the semiconductor provider’s stock.

Several other equities analysts have also recently issued reports on the company. Cantor Fitzgerald reissued an “overweight” rating and issued a $250.00 price objective on shares of NXP Semiconductors in a report on Tuesday. Oppenheimer decreased their price target on NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Barclays dropped their price objective on shares of NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Needham & Company LLC decreased their target price on shares of NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, JPMorgan Chase & Co. dropped their price target on shares of NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating on the stock in a research report on Wednesday. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, NXP Semiconductors presently has an average rating of “Moderate Buy” and an average target price of $263.15.

NXP Semiconductors Stock Performance

NXPI opened at $213.24 on Wednesday. The company has a current ratio of 2.35, a quick ratio of 1.60 and a debt-to-equity ratio of 0.99. NXP Semiconductors has a 12-month low of $198.21 and a 12-month high of $296.08. The firm has a 50 day moving average of $214.68 and a two-hundred day moving average of $230.36. The firm has a market capitalization of $54.20 billion, a PE ratio of 20.35, a P/E/G ratio of 3.14 and a beta of 1.46.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.43 by $0.02. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The firm had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.25 billion. During the same quarter last year, the company posted $3.31 earnings per share. The firm’s revenue was down 5.4% compared to the same quarter last year. On average, analysts anticipate that NXP Semiconductors will post 11.33 EPS for the current year.

NXP Semiconductors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Thursday, December 5th were paid a dividend of $1.014 per share. The ex-dividend date was Thursday, December 5th. This represents a $4.06 annualized dividend and a yield of 1.90%. NXP Semiconductors’s dividend payout ratio is presently 41.62%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of NXPI. Algert Global LLC purchased a new stake in shares of NXP Semiconductors in the second quarter valued at approximately $331,000. Czech National Bank boosted its stake in NXP Semiconductors by 6.6% during the third quarter. Czech National Bank now owns 51,891 shares of the semiconductor provider’s stock worth $12,454,000 after buying an additional 3,198 shares during the last quarter. GAMMA Investing LLC grew its holdings in NXP Semiconductors by 16.6% in the 3rd quarter. GAMMA Investing LLC now owns 2,235 shares of the semiconductor provider’s stock valued at $536,000 after buying an additional 318 shares in the last quarter. Diversified Trust Co increased its stake in shares of NXP Semiconductors by 57.5% in the 3rd quarter. Diversified Trust Co now owns 5,051 shares of the semiconductor provider’s stock worth $1,212,000 after acquiring an additional 1,843 shares during the last quarter. Finally, Mather Group LLC. raised its holdings in shares of NXP Semiconductors by 43.5% during the 3rd quarter. Mather Group LLC. now owns 812 shares of the semiconductor provider’s stock worth $195,000 after acquiring an additional 246 shares during the period. 90.54% of the stock is owned by hedge funds and other 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.