UBS Group Cuts NXP Semiconductors (NASDAQ:NXPI) Price Target to $250.00

NXP Semiconductors (NASDAQ:NXPI) had its price target decreased by UBS Group from $265.00 to $250.00 in a research note issued to investors on Wednesday,Benzinga reports. UBS Group currently has a buy rating on the semiconductor provider’s stock.

A number of other research firms also recently issued reports on NXPI. Mizuho upped their price target on shares of NXP Semiconductors from $240.00 to $255.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Cantor Fitzgerald restated an “overweight” rating and issued a $250.00 target price on shares of NXP Semiconductors in a report on Tuesday, February 4th. Morgan Stanley set a $229.00 price target on shares of NXP Semiconductors in a report on Monday, April 21st. Susquehanna reduced their price objective on NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Finally, Stifel Nicolaus lowered their price objective on NXP Semiconductors from $210.00 to $170.00 and set a “hold” rating for the company in a research note on Thursday, April 17th. Four research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and a consensus target price of $250.37.

NXP Semiconductors Stock Up 3.5 %

NXPI opened at $188.14 on Wednesday. The company has a market capitalization of $47.72 billion, a PE ratio of 19.34, a price-to-earnings-growth ratio of 3.01 and a beta of 1.40. The firm has a 50-day simple moving average of $191.96 and a two-hundred day simple moving average of $211.43. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. NXP Semiconductors has a 52 week low of $148.09 and a 52 week high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Monday, April 28th. The semiconductor provider reported $2.64 EPS for the quarter, beating analysts’ consensus estimates of $2.59 by $0.05. NXP Semiconductors had a return on equity of 31.45% and a net margin of 19.90%. The company had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same period in the prior year, the company earned $3.24 earnings per share. The firm’s revenue was down 9.3% on a year-over-year basis. Analysts forecast that NXP Semiconductors will post 10.28 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 19th were given a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $4.06 annualized dividend and a yield of 2.16%. NXP Semiconductors’s dividend payout ratio (DPR) is 44.12%.

Insiders Place Their Bets

In related news, COO Andrew Micallef sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $204.86, for a total value of $204,860.00. Following the completion of the sale, the chief operating officer now owns 8,828 shares in the company, valued at approximately $1,808,504.08. The trade was a 10.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.11% of the company’s stock.

Institutional Investors Weigh In On NXP Semiconductors

Institutional investors and hedge funds have recently bought and sold shares of the company. ORG Wealth Partners LLC raised its holdings in shares of NXP Semiconductors by 915.4% in the fourth quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock valued at $27,000 after acquiring an additional 119 shares in the last quarter. Sound Income Strategies LLC increased its position in NXP Semiconductors by 169.2% during the 4th quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock valued at $29,000 after purchasing an additional 88 shares during the period. Runnymede Capital Advisors Inc. bought a new stake in shares of NXP Semiconductors in the 4th quarter valued at about $32,000. Smithfield Trust Co purchased a new stake in shares of NXP Semiconductors in the 4th quarter worth approximately $32,000. Finally, Brooklyn Investment Group boosted its stake in shares of NXP Semiconductors by 69.5% during the fourth quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock valued at $33,000 after purchasing an additional 66 shares in the last quarter. 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.