Evercore ISI Has Lowered Expectations for NXP Semiconductors (NASDAQ:NXPI) Stock Price

NXP Semiconductors (NASDAQ:NXPI) had its target price decreased by Evercore ISI from $370.00 to $315.00 in a report released on Wednesday morning, Benzinga reports. Evercore ISI currently has an outperform rating on the semiconductor provider’s stock.

Other analysts have also recently issued reports about the stock. Susquehanna decreased their price target on shares of NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating for the company in a report on Wednesday. Morgan Stanley cut their target price 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. Cantor Fitzgerald restated an “overweight” rating and set a $270.00 price target on shares of NXP Semiconductors in a report on Monday. Needham & Company LLC cut their price objective on NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating for the company in a report on Wednesday. Finally, The Goldman Sachs Group lowered their target price on NXP Semiconductors from $285.00 to $277.00 in a research note on Friday, October 11th. One investment 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’s stock. According to data from MarketBeat, NXP Semiconductors currently has an average rating of “Moderate Buy” and an average price target of $276.85.

NXP Semiconductors Price Performance

NXPI opened at $231.38 on Wednesday. The firm has a market capitalization of $58.94 billion, a P/E ratio of 22.08, a PEG ratio of 2.57 and a beta of 1.49. The stock has a fifty day moving average of $236.43 and a 200-day moving average of $253.19. The company has a quick ratio of 1.52, a current ratio of 2.21 and a debt-to-equity ratio of 1.04. NXP Semiconductors has a 12-month low of $178.19 and a 12-month high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly 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. NXP Semiconductors had a return on equity of 34.11% and a net margin of 20.98%. The firm had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.25 billion. During the same period in the previous year, the firm earned $3.31 earnings per share. NXP Semiconductors’s quarterly revenue was down 5.4% on a year-over-year basis. Equities analysts forecast that NXP Semiconductors will post 11.94 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th were given a $1.014 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $4.06 annualized dividend and a dividend yield of 1.75%. NXP Semiconductors’s dividend payout ratio is 38.74%.

Insider Transactions at NXP Semiconductors

In related news, EVP Jennifer Wuamett sold 3,500 shares of the company’s 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 transaction, the executive vice president now directly owns 30,269 shares in the company, valued at $7,033,002.15. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.11% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On NXP Semiconductors

Hedge funds have recently made changes to their positions in the stock. AM Squared Ltd bought a new position in NXP Semiconductors during the third quarter valued at about $72,000. Maxwell Wealth Strategies Inc. grew its holdings in shares of NXP Semiconductors by 40.1% during the 3rd quarter. Maxwell Wealth Strategies Inc. now owns 11,838 shares of the semiconductor provider’s stock worth $2,659,000 after purchasing an additional 3,386 shares in the last quarter. Seelaus Asset Management LLC increased its position in shares of NXP Semiconductors by 4.6% during the third quarter. Seelaus Asset Management LLC now owns 2,616 shares of the semiconductor provider’s stock valued at $625,000 after purchasing an additional 115 shares during the period. Empowered Funds LLC raised its stake in shares of NXP Semiconductors by 35.5% in the third quarter. Empowered Funds LLC now owns 12,297 shares of the semiconductor provider’s stock valued at $2,951,000 after purchasing an additional 3,222 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its position in NXP Semiconductors by 6.2% in the third quarter. CIBC Asset Management Inc now owns 72,011 shares of the semiconductor provider’s stock worth $17,283,000 after purchasing an additional 4,173 shares during the period. Institutional investors own 90.54% of the company’s stock.

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.