NXP Semiconductors (NASDAQ:NXPI) Hits New 12-Month Low – Here’s Why

NXP Semiconductors (NASDAQ:NXPI) hit a new 52-week low on Thursday . The stock traded as low as $178.63 and last traded at $178.49, with a volume of 740846 shares changing hands. The stock had previously closed at $193.67.

Wall Street Analyst Weigh In

Several brokerages have issued reports on NXPI. Mizuho boosted their target price on NXP Semiconductors from $240.00 to $255.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. JPMorgan Chase & Co. dropped their price objective on shares of NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. The Goldman Sachs Group reissued a “buy” rating on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Needham & Company LLC reduced their price objective on shares of NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. Finally, Stifel Nicolaus cut their price target on NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating for the company in a report on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $267.00.

NXP Semiconductors Stock Performance

The firm has a market cap of $44.52 billion, a PE ratio of 18.04, a PEG ratio of 3.01 and a beta of 1.47. The business has a 50-day simple moving average of $213.23 and a 200 day simple moving average of $221.21. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th will be given a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 2.31%. The ex-dividend date is Wednesday, March 19th. NXP Semiconductors’s dividend payout ratio is presently 41.62%.

Insider Activity

In related news, COO Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction dated Monday, March 17th. The shares were 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 in the company, valued at $1,808,504.08. This trade represents a 10.18 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.11% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Merit Financial Group LLC purchased a new position in NXP Semiconductors during the 4th quarter worth approximately $360,000. Strategic Financial Concepts LLC acquired a new position in shares of NXP Semiconductors in the 4th quarter valued at about $46,000. Austin Private Wealth LLC boosted its stake in shares of NXP Semiconductors by 140.6% in the fourth quarter. Austin Private Wealth LLC now owns 3,198 shares of the semiconductor provider’s stock worth $665,000 after buying an additional 1,869 shares during the last quarter. Asset Management One Co. Ltd. grew its holdings in NXP Semiconductors by 2.7% during the fourth quarter. Asset Management One Co. Ltd. now owns 98,558 shares of the semiconductor provider’s stock worth $21,068,000 after acquiring an additional 2,609 shares during the period. Finally, Czech National Bank raised its position in NXP Semiconductors by 6.2% during the fourth quarter. Czech National Bank now owns 55,107 shares of the semiconductor provider’s stock valued at $11,454,000 after acquiring an additional 3,216 shares in the last quarter. Hedge funds and other 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.