NXP Semiconductors (NASDAQ:NXPI) Shares Gap Down to $226.92

NXP Semiconductors (NASDAQ:NXPI) gapped down before the market opened on Thursday . The stock had previously closed at $226.92, but opened at $222.00. NXP Semiconductors shares last traded at $219.98, with a volume of 346,023 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on NXPI shares. Barclays raised shares of NXP Semiconductors from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $200.00 to $260.00 in a report on Tuesday, January 16th. Evercore ISI started coverage on NXP Semiconductors in a research note on Tuesday. They issued an “outperform” rating and a $300.00 price target on the stock. Wolfe Research upgraded NXP Semiconductors from a “peer perform” rating to an “outperform” rating and set a $255.00 price objective for the company in a research report on Thursday, January 18th. Susquehanna raised their target price on NXP Semiconductors from $200.00 to $225.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 7th. Finally, JPMorgan Chase & Co. upped their price target on shares of NXP Semiconductors from $220.00 to $240.00 and gave the company a “neutral” rating in a research report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $242.29.

NXP Semiconductors Trading Down 1.9 %

The stock has a fifty day simple moving average of $241.39 and a 200 day simple moving average of $218.52. The firm has a market capitalization of $55.09 billion, a P/E ratio of 20.09, a PEG ratio of 0.83 and a beta of 1.59. The company has a quick ratio of 1.39, a current ratio of 1.91 and a debt-to-equity ratio of 1.14.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.33 by $0.04. NXP Semiconductors had a return on equity of 38.94% and a net margin of 21.07%. The company had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.40 billion. As a group, research analysts forecast that NXP Semiconductors will post 12.28 EPS for the current year.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Thursday, March 21st were paid a dividend of $1.014 per share. The ex-dividend date was Wednesday, March 20th. This represents a $4.06 annualized dividend and a yield of 1.89%. NXP Semiconductors’s payout ratio is 37.91%.

Institutional Trading of NXP Semiconductors

Hedge funds have recently bought and sold shares of the stock. Cibc World Market Inc. lifted its position in shares of NXP Semiconductors by 6.3% in the first quarter. Cibc World Market Inc. now owns 29,411 shares of the semiconductor provider’s stock worth $5,443,000 after buying an additional 1,732 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of NXP Semiconductors by 5.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 390,891 shares of the semiconductor provider’s stock valued at $72,356,000 after acquiring an additional 21,672 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of NXP Semiconductors by 5.4% in the first quarter. Cetera Investment Advisers now owns 6,332 shares of the semiconductor provider’s stock valued at $1,172,000 after purchasing an additional 325 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in NXP Semiconductors by 21.0% in the first quarter. Sequoia Financial Advisors LLC now owns 2,406 shares of the semiconductor provider’s stock worth $445,000 after purchasing an additional 417 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in NXP Semiconductors by 2.0% during the first quarter. Vanguard Group Inc. now owns 10,793,360 shares of the semiconductor provider’s stock valued at $1,997,635,000 after purchasing an additional 210,979 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

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.