NXP Semiconductors (NASDAQ:NXPI) Given “Neutral” Rating at Bank of America

Bank of America reaffirmed their neutral rating on shares of NXP Semiconductors (NASDAQ:NXPI) in a research report report published on Monday morning, Marketbeat.com reports. They currently have a $230.00 target price on the semiconductor provider’s stock, down from their previous target price of $245.00.

A number of other research firms have also commented on NXPI. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $240.00 target price on shares of NXP Semiconductors in a report on Wednesday, February 4th. Evercore lowered their target price on shares of NXP Semiconductors from $292.00 to $260.00 and set an “outperform” rating for the company in a report on Wednesday, February 4th. JPMorgan Chase & Co. lifted their target price on shares of NXP Semiconductors from $245.00 to $250.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Morgan Stanley reissued an “overweight” rating on shares of NXP Semiconductors in a report on Friday, January 16th. Finally, KeyCorp boosted their price target on shares of NXP Semiconductors from $280.00 to $300.00 and gave the company an “overweight” rating in a report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and a consensus price target of $252.83.

NXP Semiconductors Price Performance

NXPI opened at $208.00 on Monday. The company has a fifty day moving average price of $212.56 and a two-hundred day moving average price of $217.11. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.38 and a current ratio of 2.05. NXP Semiconductors has a 52 week low of $163.16 and a 52 week high of $256.36. The firm has a market capitalization of $52.56 billion, a PE ratio of 26.20, a P/E/G ratio of 0.91 and a beta of 1.46.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Tuesday, February 3rd. The semiconductor provider reported $3.35 EPS for the quarter, topping analysts’ consensus estimates of $3.31 by $0.04. NXP Semiconductors had a net margin of 16.47% and a return on equity of 26.72%. The firm had revenue of $3.34 billion during the quarter, compared to analyst estimates of $3.30 billion. During the same quarter in the previous year, the business earned $3.18 EPS. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. As a group, analysts anticipate that NXP Semiconductors will post 10.28 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 9th. Investors of record on Wednesday, March 25th were given a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Wednesday, March 25th. NXP Semiconductors’s payout ratio is currently 51.13%.

Insider Buying and Selling

In related news, EVP Andrew Micallef sold 1,000 shares of the business’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $194.58, for a total value of $194,580.00. Following the sale, the executive vice president directly owned 9,942 shares of the company’s stock, valued at approximately $1,934,514.36. The trade was a 9.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.12% of the company’s stock.

Institutional Investors Weigh In On NXP Semiconductors

Several institutional investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC lifted its position in NXP Semiconductors by 20.6% during the 4th quarter. Brighton Jones LLC now owns 1,276 shares of the semiconductor provider’s stock worth $265,000 after buying an additional 218 shares in the last quarter. NewEdge Advisors LLC lifted its position in NXP Semiconductors by 3.4% during the 1st quarter. NewEdge Advisors LLC now owns 7,021 shares of the semiconductor provider’s stock worth $1,334,000 after buying an additional 234 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in NXP Semiconductors by 31.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 777 shares of the semiconductor provider’s stock worth $170,000 after buying an additional 187 shares in the last quarter. Marshall Wace LLP lifted its position in NXP Semiconductors by 887.0% during the 2nd quarter. Marshall Wace LLP now owns 36,659 shares of the semiconductor provider’s stock worth $8,010,000 after buying an additional 32,945 shares in the last quarter. Finally, Gamco Investors INC. ET AL bought a new stake in NXP Semiconductors during the 2nd quarter worth about $555,000. 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, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.