NXP Semiconductors (NASDAQ:NXPI) Shares Gap Down to $244.93

NXP Semiconductors (NASDAQ:NXPI) shares gapped down before the market opened on Monday . The stock had previously closed at $244.93, but opened at $237.39. NXP Semiconductors shares last traded at $237.70, with a volume of 350,037 shares.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NXPI. Citigroup increased their price objective on shares of NXP Semiconductors from $150.00 to $220.00 and gave the company a “sell” rating in a research note on Monday, July 15th. Morgan Stanley dropped their price target on shares of NXP Semiconductors from $275.00 to $271.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $350.00 price objective on shares of NXP Semiconductors in a report on Tuesday, July 23rd. Oppenheimer increased their target price on NXP Semiconductors from $295.00 to $330.00 and gave the stock an “outperform” rating in a report on Friday, July 12th. Finally, Stifel Nicolaus raised their target price on NXP Semiconductors from $240.00 to $275.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $294.89.

NXP Semiconductors Trading Down 2.5 %

The company has a current ratio of 2.21, a quick ratio of 1.52 and a debt-to-equity ratio of 1.04. The stock has a market cap of $61.04 billion, a P/E ratio of 22.15, a price-to-earnings-growth ratio of 2.51 and a beta of 1.49. The business’s fifty day simple moving average is $243.78 and its 200 day simple moving average is $253.75.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 EPS for the quarter, beating the consensus estimate of $2.82 by $0.38. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. The business had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same period in the prior year, the firm earned $3.04 earnings per share. NXP Semiconductors’s revenue was down 5.2% compared to the same quarter last year. As a group, analysts expect that NXP Semiconductors will post 11.97 EPS for the current year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th will be paid a $1.014 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $4.06 annualized dividend and a dividend yield of 1.70%. NXP Semiconductors’s dividend payout ratio (DPR) is currently 37.40%.

Insider Activity

In other news, insider Julie Southern acquired 146 shares of the stock in a transaction that occurred on Tuesday, July 30th. The stock was purchased at an average cost of $257.54 per share, for a total transaction of $37,600.84. Following the completion of the transaction, the insider now directly owns 11,297 shares in the company, valued at $2,909,429.38. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. In other NXP Semiconductors news, insider Julie Southern bought 146 shares of NXP Semiconductors stock in a transaction dated Tuesday, July 30th. The shares were bought at an average price of $257.54 per share, with a total value of $37,600.84. Following the purchase, the insider now owns 11,297 shares of the company’s stock, valued at $2,909,429.38. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Jennifer Wuamett sold 3,500 shares of NXP Semiconductors stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total transaction of $813,225.00. Following the sale, the executive vice president now owns 30,269 shares of the company’s stock, valued at approximately $7,033,002.15. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in NXPI. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in NXP Semiconductors by 893.2% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,332,578 shares of the semiconductor provider’s stock valued at $535,747,000 after purchasing an additional 2,097,727 shares during the last quarter. Vanguard Group Inc. raised its position in shares of NXP Semiconductors by 17.3% in the 1st quarter. Vanguard Group Inc. now owns 12,921,432 shares of the semiconductor provider’s stock valued at $3,201,543,000 after acquiring an additional 1,909,898 shares during the period. Public Employees Retirement Association of Colorado acquired a new stake in shares of NXP Semiconductors in the 4th quarter valued at approximately $164,044,000. Kodai Capital Management LP bought a new position in NXP Semiconductors during the 4th quarter worth approximately $125,319,000. Finally, Bessemer Group Inc. grew its holdings in NXP Semiconductors by 4,525.6% during the first quarter. Bessemer Group Inc. now owns 356,774 shares of the semiconductor provider’s stock valued at $88,399,000 after purchasing an additional 349,061 shares during the period. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Company Profile

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.