NXP Semiconductors (NASDAQ:NXPI) Downgraded by StockNews.com to “Hold”

StockNews.com cut shares of NXP Semiconductors (NASDAQ:NXPI) from a buy rating to a hold rating in a research note released on Monday morning.

A number of other brokerages also recently issued reports on NXPI. Needham & Company LLC cut their target price on NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Wells Fargo & Company started coverage on shares of NXP Semiconductors in a report on Friday, November 22nd. They issued an “overweight” rating and a $250.00 price target for the company. Susquehanna reduced their price target on shares of NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating for the company in a research report on Wednesday, November 6th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $270.00 price objective on shares of NXP Semiconductors in a report on Monday, November 4th. Finally, Stifel Nicolaus reduced their price target on shares of NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating on the stock in a report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $273.19.

NXP Semiconductors Stock Performance

NASDAQ:NXPI opened at $213.56 on Monday. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.35 and a quick ratio of 1.60. The firm has a market cap of $54.28 billion, a price-to-earnings ratio of 20.38, a price-to-earnings-growth ratio of 3.11 and a beta of 1.47. The firm’s fifty day moving average price is $218.74 and its 200 day moving average price is $237.09. NXP Semiconductors has a 1-year low of $201.58 and a 1-year high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, beating the consensus estimate of $3.43 by $0.02. The business had revenue of $3.25 billion for 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 business’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.31 earnings per share. On average, sell-side analysts expect that NXP Semiconductors will post 11.33 EPS for the current year.

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th were given a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend was Thursday, December 5th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 38.74%.

Hedge Funds Weigh In On NXP Semiconductors

A number of large investors have recently modified their holdings of the company. Bowman & Co S.C. increased its position in NXP Semiconductors by 3.6% during the 4th quarter. Bowman & Co S.C. now owns 5,772 shares of the semiconductor provider’s stock worth $1,199,000 after purchasing an additional 198 shares in the last quarter. Smith Salley Wealth Management grew its stake in NXP Semiconductors by 0.9% during the fourth quarter. Smith Salley Wealth Management now owns 97,602 shares of the semiconductor provider’s stock worth $20,287,000 after buying an additional 834 shares during the period. HB Wealth Management LLC increased its position in shares of NXP Semiconductors by 9.3% in the fourth quarter. HB Wealth Management LLC now owns 3,537 shares of the semiconductor provider’s stock worth $735,000 after acquiring an additional 302 shares in the last quarter. Trust Co. of Vermont raised its stake in shares of NXP Semiconductors by 22.9% in the 4th quarter. Trust Co. of Vermont now owns 3,599 shares of the semiconductor provider’s stock valued at $748,000 after acquiring an additional 670 shares during the period. Finally, Brooklyn Investment Group lifted its holdings in shares of NXP Semiconductors by 69.5% during the 4th quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock valued at $33,000 after acquiring an additional 66 shares in the last quarter. 90.54% of the stock is currently 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.