NXP Semiconductors (NASDAQ:NXPI) Downgraded to “Hold” Rating by Wall Street Zen

Wall Street Zen cut shares of NXP Semiconductors (NASDAQ:NXPI) from a buy rating to a hold rating in a report issued on Saturday morning.

NXPI has been the subject of several other reports. Wells Fargo & Company decreased their price objective on shares of NXP Semiconductors from $290.00 to $280.00 and set an “equal weight” rating for the company in a report on Wednesday, July 29th. TD Cowen dropped their target price on shares of NXP Semiconductors from $340.00 to $290.00 and set a “buy” rating on the stock in a report on Wednesday, July 29th. Barclays lifted their target price on shares of NXP Semiconductors from $295.00 to $340.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. Citigroup reiterated a “neutral” rating on shares of NXP Semiconductors in a research note on Monday, July 13th. Finally, Bank of America reissued a “neutral” rating on shares of NXP Semiconductors in a report on Wednesday, July 29th. Sixteen analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $305.43.

NXP Semiconductors Price Performance

NASDAQ NXPI opened at $223.58 on Friday. NXP Semiconductors has a one year low of $183.00 and a one year high of $339.95. The stock has a 50-day moving average of $257.48 and a 200 day moving average of $252.32. The company has a market capitalization of $56.38 billion, a price-to-earnings ratio of 19.08, a PEG ratio of 0.76 and a beta of 1.81. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.36 and a current ratio of 2.04.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share for the quarter, topping analysts’ consensus estimates of $3.52 by $0.09. The business had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.47 billion. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%.NXP Semiconductors’s revenue was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.72 EPS. On average, sell-side analysts forecast that NXP Semiconductors will post 13.73 EPS for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Wednesday, June 24th were issued a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, June 24th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.8%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 34.64%.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $315.57, for a total value of $315,570.00. Following the transaction, the executive vice president directly owned 8,942 shares in the company, valued at approximately $2,821,826.94. This trade represents a 10.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 1,746 shares of NXP Semiconductors stock in a transaction on Monday, June 1st. The stock was sold at an average price of $316.53, for a total transaction of $552,661.38. Following the transaction, the executive vice president owned 3,643 shares in the company, valued at $1,153,118.79. This represents a 32.40% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.05% of the company’s stock.

Institutional Investors Weigh In On NXP Semiconductors

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Allied Private Wealth LLC bought a new stake in NXP Semiconductors during the second quarter valued at about $28,000. Bell Investment Advisors Inc bought a new position in shares of NXP Semiconductors in the second quarter worth about $29,000. Fiduciary Financial Advisors bought a new position in shares of NXP Semiconductors in the second quarter worth about $28,000. JPL Wealth Management LLC purchased a new position in shares of NXP Semiconductors during the 3rd quarter valued at about $26,000. Finally, Pingora Partners LLC purchased a new position in shares of NXP Semiconductors during the 2nd quarter valued at about $35,000. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

NXP Semiconductors Company Profile

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.