UBS Group Lowers NXP Semiconductors (NASDAQ:NXPI) Price Target to $275.00

NXP Semiconductors (NASDAQ:NXPI) had its target price trimmed by UBS Group from $285.00 to $275.00 in a research report released on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the semiconductor provider’s stock.

Other research analysts have also recently issued reports about the company. Citic Securities started coverage on NXP Semiconductors in a research note on Friday, October 11th. They set a $288.00 target price for the company. Mizuho set a $290.00 target price on shares of NXP Semiconductors in a research note on Friday, October 18th. Evercore ISI reduced their target price on shares of NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating on the stock in a report on Wednesday. Citigroup boosted their price target on shares of NXP Semiconductors from $150.00 to $220.00 and gave the stock a “sell” rating in a report on Monday, July 15th. Finally, Morgan Stanley decreased their price objective on shares of NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating for the company in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $275.60.

NXP Semiconductors Stock Down 0.9 %

Shares of NASDAQ NXPI opened at $233.89 on Wednesday. The company has a quick ratio of 1.52, a current ratio of 2.35 and a debt-to-equity ratio of 0.99. The business’s 50 day moving average is $235.72 and its two-hundred day moving average is $253.17. NXP Semiconductors has a 52-week low of $179.64 and a 52-week high of $296.08. The firm has a market cap of $59.45 billion, a price-to-earnings ratio of 22.32, a PEG ratio of 3.08 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, beating the consensus estimate of $3.43 by $0.02. The business had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.25 billion. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The business’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter last year, the firm posted $3.31 earnings per share. Research analysts predict that NXP Semiconductors will post 11.94 EPS for the current year.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th were issued a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend was Thursday, September 12th. NXP Semiconductors’s payout ratio is currently 38.74%.

Insider Activity

In related news, EVP Jennifer Wuamett sold 3,500 shares of the stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total transaction of $813,225.00. Following the completion of the sale, the executive vice president now owns 30,269 shares in the company, valued at $7,033,002.15. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.11% of the company’s stock.

Institutional Trading of NXP Semiconductors

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of NXP Semiconductors by 17.3% in the 1st quarter. Vanguard Group Inc. now owns 12,921,432 shares of the semiconductor provider’s stock valued at $3,201,543,000 after purchasing an additional 1,909,898 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of NXP Semiconductors by 67.2% during the third quarter. Van ECK Associates Corp now owns 3,041,129 shares of the semiconductor provider’s stock worth $718,680,000 after purchasing an additional 1,222,736 shares during the period. Ameriprise Financial Inc. grew its position in NXP Semiconductors by 5.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,428,779 shares of the semiconductor provider’s stock valued at $653,567,000 after buying an additional 118,366 shares during the last quarter. Legal & General Group Plc increased its stake in NXP Semiconductors by 1.6% in the 2nd quarter. Legal & General Group Plc now owns 2,271,866 shares of the semiconductor provider’s stock valued at $611,336,000 after buying an additional 35,104 shares during the period. Finally, Bank of New York Mellon Corp raised its position in NXP Semiconductors by 5.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,533,421 shares of the semiconductor provider’s stock worth $412,628,000 after buying an additional 80,087 shares during the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

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.