Morgan Stanley Lowers NXP Semiconductors (NASDAQ:NXPI) Price Target to $271.00

NXP Semiconductors (NASDAQ:NXPI) had its price target lowered by Morgan Stanley from $275.00 to $271.00 in a report released on Wednesday morning, Benzinga reports. The brokerage currently has an equal weight rating on the semiconductor provider’s stock.

Other equities research analysts have also issued research reports about the stock. Evercore ISI upped their target price on shares of NXP Semiconductors from $300.00 to $370.00 and gave the stock an outperform rating in a report on Wednesday, May 1st. Jefferies Financial Group initiated coverage on shares of NXP Semiconductors in a report on Monday, May 13th. They issued a buy rating and a $325.00 target price on the stock. Wells Fargo & Company upped their target price on shares of NXP Semiconductors from $285.00 to $305.00 and gave the stock an overweight rating in a report on Wednesday, May 22nd. JPMorgan Chase & Co. upped their target price on shares of NXP Semiconductors from $240.00 to $280.00 and gave the stock a neutral rating in a report on Wednesday, May 1st. Finally, The Goldman Sachs Group increased their price objective on shares of NXP Semiconductors from $240.00 to $275.00 and gave the company a neutral rating in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus price target of $294.89.

NXP Semiconductors Price Performance

NXPI stock opened at $253.62 on Wednesday. The stock has a market capitalization of $64.60 billion, a PE ratio of 23.42, a price-to-earnings-growth ratio of 2.71 and a beta of 1.49. The company’s 50-day moving average is $272.46 and its 200-day moving average is $249.94. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.21 and a quick ratio of 1.64. NXP Semiconductors has a 1 year low of $167.21 and a 1 year high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last posted its earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share for the quarter, topping analysts’ consensus estimates of $2.82 by $0.38. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. The company had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the prior year, the business posted $3.04 EPS. The firm’s revenue was down 5.2% compared to the same quarter last year. Equities research analysts expect that NXP Semiconductors will post 12 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 10th. Stockholders of record on Thursday, June 13th were given a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend was Thursday, June 13th. NXP Semiconductors’s dividend payout ratio is currently 37.49%.

Insider Activity

In related news, CEO Kurt Sievers sold 8,548 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $275.75, for a total value of $2,357,111.00. Following the completion of the transaction, the chief executive officer now directly owns 177,889 shares of the company’s stock, valued at approximately $49,052,891.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.11% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Beacon Capital Management LLC boosted its holdings in NXP Semiconductors by 36.4% in the 1st quarter. Beacon Capital Management LLC now owns 150 shares of the semiconductor provider’s stock worth $37,000 after buying an additional 40 shares during the period. Patten Group Inc. boosted its holdings in NXP Semiconductors by 1.2% in the 2nd quarter. Patten Group Inc. now owns 3,454 shares of the semiconductor provider’s stock worth $929,000 after buying an additional 42 shares during the period. West Paces Advisors Inc. boosted its holdings in NXP Semiconductors by 3.1% in the 2nd quarter. West Paces Advisors Inc. now owns 1,500 shares of the semiconductor provider’s stock worth $404,000 after buying an additional 45 shares during the period. Lincoln National Corp boosted its holdings in NXP Semiconductors by 1.9% in the 4th quarter. Lincoln National Corp now owns 2,473 shares of the semiconductor provider’s stock worth $568,000 after buying an additional 46 shares during the period. Finally, Peterson Wealth Services boosted its holdings in NXP Semiconductors by 3.1% in the 1st quarter. Peterson Wealth Services now owns 1,520 shares of the semiconductor provider’s stock worth $377,000 after buying an additional 46 shares during the period. 90.54% of the stock is owned by 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.