NXP Semiconductors (NASDAQ:NXPI) Cut to Strong Sell at Mizuho

Mizuho cut shares of NXP Semiconductors (NASDAQ:NXPI) from a strong-buy rating to a strong sell rating in a research report sent to investors on Thursday,Zacks.com reports.

Several other equities research analysts have also weighed in on NXPI. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $240.00 target price on shares of NXP Semiconductors in a report on Wednesday, February 4th. Citigroup reduced their price target on shares of NXP Semiconductors from $285.00 to $255.00 and set a “buy” rating on the stock in a research report on Wednesday, February 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of NXP Semiconductors in a research report on Thursday, January 22nd. Truist Financial reduced their price target on shares of NXP Semiconductors from $265.00 to $255.00 and set a “buy” rating on the stock in a research report on Tuesday, February 3rd. Finally, TD Cowen reduced their price target on shares of NXP Semiconductors from $285.00 to $250.00 and set a “buy” rating on the stock in a research report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, NXP Semiconductors has a consensus rating of “Moderate Buy” and an average price target of $249.11.

NXP Semiconductors Stock Up 1.1%

NXPI opened at $216.03 on Thursday. The firm’s 50-day simple moving average is $211.66 and its 200-day simple moving average is $216.78. 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 twelve month low of $166.60 and a twelve month high of $256.36. The firm has a market cap of $54.59 billion, a price-to-earnings ratio of 27.21, a PEG ratio of 0.98 and a beta of 1.46.

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

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 9th. Investors of record on Wednesday, March 25th were given a dividend of $1.014 per share. The ex-dividend date was Wednesday, March 25th. This represents a $4.06 annualized dividend and a yield of 1.9%. NXP Semiconductors’s dividend payout ratio is 51.01%.

Insider Transactions at NXP Semiconductors

In related news, EVP Andrew Micallef sold 1,000 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $194.58, for a total transaction of $194,580.00. Following the transaction, the executive vice president owned 9,942 shares in the company, valued at $1,934,514.36. This represents a 9.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.12% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. JPL Wealth Management LLC acquired a new position in NXP Semiconductors during the 3rd quarter valued at about $26,000. CNB Bank acquired a new position in NXP Semiconductors during the 3rd quarter valued at about $28,000. SHP Wealth Management acquired a new position in NXP Semiconductors during the 4th quarter valued at about $27,000. Acumen Wealth Advisors LLC acquired a new position in NXP Semiconductors during the 4th quarter valued at about $28,000. Finally, Jessup Wealth Management Inc acquired a new position in NXP Semiconductors during the 4th quarter valued at about $29,000. 90.54% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Company Profile

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.