NXP Semiconductors (NASDAQ:NXPI) Hits New 12-Month Low on Analyst Downgrade

NXP Semiconductors (NASDAQ:NXPI)’s share price hit a new 52-week low during mid-day trading on Wednesday after UBS Group lowered their price target on the stock from $265.00 to $250.00. UBS Group currently has a buy rating on the stock. NXP Semiconductors traded as low as $176.26 and last traded at $184.31, with a volume of 3207989 shares. The stock had previously closed at $182.62.

A number of other research firms also recently issued reports on NXPI. Needham & Company LLC dropped their price objective on shares of NXP Semiconductors from $230.00 to $225.00 and set a “buy” rating on the stock in a research note on Tuesday. Mizuho lifted their price target on NXP Semiconductors from $240.00 to $255.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Morgan Stanley set a $229.00 price target on NXP Semiconductors in a research report on Monday, April 21st. Barclays dropped their price objective on NXP Semiconductors from $230.00 to $190.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $250.00 target price on shares of NXP Semiconductors in a report on Tuesday, February 4th. Four analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $250.37.

Insiders Place Their Bets

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $204.86, for a total transaction of $204,860.00. Following the completion of the sale, the chief operating officer now owns 8,828 shares of the company’s stock, valued at approximately $1,808,504.08. The trade was a 10.18 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.11% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of NXPI. ORG Wealth Partners LLC boosted its holdings in shares of NXP Semiconductors by 915.4% in the 4th quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock valued at $27,000 after acquiring an additional 119 shares during the last quarter. Sound Income Strategies LLC lifted its position in NXP Semiconductors by 169.2% during the fourth quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock valued at $29,000 after purchasing an additional 88 shares during the period. Runnymede Capital Advisors Inc. purchased a new stake in NXP Semiconductors in the fourth quarter valued at $32,000. Smithfield Trust Co acquired a new stake in NXP Semiconductors during the 4th quarter worth about $32,000. Finally, Brooklyn Investment Group raised its stake 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 buying an additional 66 shares during the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

NXP Semiconductors Price Performance

The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36. The firm has a market cap of $46.12 billion, a PE ratio of 18.69, a price-to-earnings-growth ratio of 3.01 and a beta of 1.40. The stock has a 50 day simple moving average of $192.76 and a two-hundred day simple moving average of $211.74.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.05. NXP Semiconductors had a return on equity of 31.45% and a net margin of 19.90%. The company had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.83 billion. During the same period last year, the business earned $3.24 earnings per share. NXP Semiconductors’s quarterly revenue was down 9.3% on a year-over-year basis. Sell-side analysts expect that NXP Semiconductors will post 10.28 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th were issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date was Wednesday, March 19th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 44.12%.

About NXP Semiconductors

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.