Barclays Cuts NXP Semiconductors (NASDAQ:NXPI) Price Target to $230.00

NXP Semiconductors (NASDAQ:NXPI) had its target price reduced by Barclays from $280.00 to $230.00 in a research report report published on Friday morning,Benzinga reports. They currently have an overweight rating on the semiconductor provider’s stock.

Several other equities analysts also recently commented on the company. Mizuho set a $290.00 target price on NXP Semiconductors in a research report on Friday, October 18th. Evercore ISI dropped their price objective on shares of NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Wells Fargo & Company began coverage on shares of NXP Semiconductors in a report on Friday, November 22nd. They set an “overweight” rating and a $250.00 target price on the stock. StockNews.com cut shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Finally, UBS Group cut their price target on shares of NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and an average target price of $271.60.

NXP Semiconductors Stock Up 2.2 %

NXPI stock opened at $215.36 on Friday. The stock has a market capitalization of $54.74 billion, a P/E ratio of 20.55, a price-to-earnings-growth ratio of 3.11 and a beta of 1.47. The company has a current ratio of 2.35, a quick ratio of 1.60 and a debt-to-equity ratio of 0.99. The firm has a 50-day moving average price of $217.51 and a 200-day moving average price of $236.14. NXP Semiconductors has a 12 month low of $202.25 and a 12 month high of $296.08.

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

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th were paid a $1.014 dividend. The ex-dividend date was Thursday, December 5th. This represents a $4.06 annualized dividend and a dividend yield of 1.88%. NXP Semiconductors’s dividend payout ratio is presently 38.65%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. ORG Wealth Partners LLC increased its holdings in shares of NXP Semiconductors by 915.4% during 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. FSA Wealth Management LLC bought a new stake in NXP Semiconductors during the 3rd quarter valued at $33,000. Brooklyn Investment Group raised its holdings in NXP Semiconductors by 69.5% during the fourth quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock worth $33,000 after buying an additional 66 shares during the last quarter. Fortitude Family Office LLC lifted its stake in shares of NXP Semiconductors by 52.4% in the fourth quarter. Fortitude Family Office LLC now owns 218 shares of the semiconductor provider’s stock valued at $45,000 after buying an additional 75 shares in the last quarter. Finally, Avior Wealth Management LLC grew its holdings in shares of NXP Semiconductors by 182.1% during the third quarter. Avior Wealth Management LLC now owns 220 shares of the semiconductor provider’s stock valued at $53,000 after buying an additional 142 shares during the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

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.