NXP Semiconductors (NASDAQ:NXPI) Price Target Lowered to $225.00 at Susquehanna

NXP Semiconductors (NASDAQ:NXPI) had its price objective trimmed by Susquehanna from $235.00 to $225.00 in a research note published on Wednesday morning,Benzinga reports. The brokerage currently has a neutral rating on the semiconductor provider’s stock.

Other equities research analysts have also issued reports about the stock. Cantor Fitzgerald reiterated an “overweight” rating and set a $250.00 price target on shares of NXP Semiconductors in a research note on Tuesday. Morgan Stanley cut their target price on NXP Semiconductors from $235.00 to $231.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Truist Financial decreased their target price on NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Evercore ISI cut their price target on NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Finally, UBS Group reduced their price objective on NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $263.15.

NXP Semiconductors Price Performance

NXPI stock opened at $213.24 on Wednesday. The business has a 50 day moving average price of $214.68 and a 200 day moving average price of $230.36. The company has a quick ratio of 1.60, a current ratio of 2.35 and a debt-to-equity ratio of 0.99. The stock has a market cap of $54.20 billion, a price-to-earnings ratio of 20.35, a PEG ratio of 3.14 and a beta of 1.46. NXP Semiconductors has a fifty-two week low of $198.21 and a fifty-two week high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, topping analysts’ consensus estimates of $3.43 by $0.02. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The company had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.25 billion. During the same quarter last year, the company earned $3.31 earnings per share. The firm’s revenue for the quarter was down 5.4% on a year-over-year basis. Equities research analysts anticipate that NXP Semiconductors will post 11.33 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th were paid a dividend of $1.014 per share. The ex-dividend date was Thursday, December 5th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.90%. NXP Semiconductors’s dividend payout ratio (DPR) is 41.62%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Crumly & Associates Inc. raised its stake in shares of NXP Semiconductors by 2.0% during the 3rd quarter. Crumly & Associates Inc. now owns 2,274 shares of the semiconductor provider’s stock worth $546,000 after buying an additional 45 shares in the last quarter. Sterling Investment Counsel LLC grew its holdings in NXP Semiconductors by 5.7% during the third quarter. Sterling Investment Counsel LLC now owns 850 shares of the semiconductor provider’s stock worth $204,000 after acquiring an additional 46 shares during the period. Ascent Group LLC raised its position in NXP Semiconductors by 0.4% in the third quarter. Ascent Group LLC now owns 12,498 shares of the semiconductor provider’s stock worth $3,000,000 after acquiring an additional 46 shares in the last quarter. Central Bank & Trust Co. raised its position in NXP Semiconductors by 1.1% in the fourth quarter. Central Bank & Trust Co. now owns 4,412 shares of the semiconductor provider’s stock worth $917,000 after acquiring an additional 48 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its holdings in NXP Semiconductors by 9.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 573 shares of the semiconductor provider’s stock valued at $119,000 after acquiring an additional 51 shares during the period. 90.54% of the stock is owned by hedge funds and other 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.