NXP Semiconductors (NASDAQ:NXPI) Price Target Cut to $265.00 by Analysts at Stifel Nicolaus

NXP Semiconductors (NASDAQ:NXPI) had its price target cut by Stifel Nicolaus from $282.00 to $265.00 in a research report sent to investors on Monday, MarketBeat.com reports. They currently have a hold rating on the semiconductor provider’s stock.

Other equities analysts have also issued reports about the stock. Oppenheimer increased their price objective on shares of NXP Semiconductors from $300.00 to $325.00 and gave the company an “outperform” rating in a report on Friday, July 24th. JPMorgan Chase & Co. increased their price target on NXP Semiconductors from $295.00 to $300.00 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. Susquehanna lifted their price objective on NXP Semiconductors from $210.00 to $250.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 21st. Weiss Ratings restated a “hold (c+)” rating on shares of NXP Semiconductors in a report on Friday, July 31st. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $290.00 target price (up from $270.00) on shares of NXP Semiconductors in a research report on Wednesday, July 29th. Sixteen equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $304.91.

NXP Semiconductors Price Performance

Shares of NXPI stock opened at $241.97 on Monday. The firm has a market cap of $61.02 billion, a price-to-earnings ratio of 20.65, a PEG ratio of 0.83 and a beta of 1.80. NXP Semiconductors has a 12 month low of $183.00 and a 12 month high of $339.95. The company has a quick ratio of 1.36, a current ratio of 2.04 and a debt-to-equity ratio of 0.88. The stock has a 50-day moving average price of $231.30 and a 200 day moving average price of $254.11.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.52 by $0.09. The company had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.47 billion. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. The company’s revenue was up 19.5% compared to the same quarter last year. During the same period in the prior year, the company posted $2.72 EPS. Research analysts expect that NXP Semiconductors will post 13.73 EPS for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Wednesday, September 16th will be issued a dividend of $1.0140 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Wednesday, September 16th. NXP Semiconductors’s payout ratio is 34.64%.

Insider Activity

In related news, EVP Christopher Jensen sold 3,355 shares of the business’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $240.00, for a total value of $805,200.00. Following the completion of the transaction, the executive vice president directly owned 288 shares in the company, valued at approximately $69,120. The trade was a 92.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $226.04, for a total value of $226,040.00. Following the sale, the executive vice president directly owned 7,942 shares of the company’s stock, valued at approximately $1,795,209.68. The trade was a 11.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.05% of the company’s stock.

Institutional Investors Weigh In On NXP Semiconductors

Institutional investors have recently added to or reduced their stakes in the stock. SHP Wealth Management bought a new position in NXP Semiconductors during the 4th quarter worth about $27,000. Allied Private Wealth LLC bought a new stake in shares of NXP Semiconductors in the second quarter valued at about $28,000. Fiduciary Financial Advisors acquired a new position in shares of NXP Semiconductors during the second quarter worth about $28,000. Bell Investment Advisors Inc bought a new position in shares of NXP Semiconductors during the second quarter worth about $29,000. Finally, Midwest Professional Planners LTD. bought a new position in shares of NXP Semiconductors during the second quarter worth about $29,000. 90.54% of the stock is owned by institutional investors.

About NXP Semiconductors

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands. The company develops and supplies secure connectivity and processing solutions for automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure applications.

Its product portfolio includes microcontrollers and application processors, automotive networking and processing chips, analog and power-management devices, radio-frequency and wireless connectivity products, sensors, and embedded security solutions.