NXP Semiconductors (NASDAQ:NXPI) Price Target Lowered to $170.00 at Stifel Nicolaus

NXP Semiconductors (NASDAQ:NXPI) had its price target reduced by Stifel Nicolaus from $210.00 to $170.00 in a research note released on Thursday,Benzinga reports. They currently have a hold rating on the semiconductor provider’s stock.

Several other brokerages have also recently commented on NXPI. Truist Financial boosted their price objective on shares of NXP Semiconductors from $245.00 to $258.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Barclays reduced their price target on shares of NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. StockNews.com lowered NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. Cantor Fitzgerald restated an “overweight” rating and set a $250.00 target price on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Finally, Arete Research raised NXP Semiconductors to a “strong-buy” rating in a report on Tuesday, March 25th. Four analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $261.50.

NXP Semiconductors Stock Performance

Shares of NXPI opened at $170.74 on Thursday. NXP Semiconductors has a 52-week low of $148.09 and a 52-week high of $296.08. The stock’s 50-day simple moving average is $201.94 and its 200 day simple moving average is $215.39. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36. The stock has a market capitalization of $43.30 billion, a price-to-earnings ratio of 17.55, a price-to-earnings-growth ratio of 3.01 and a beta of 1.40.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 19th were given a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend was Wednesday, March 19th. NXP Semiconductors’s payout ratio is 41.62%.

Insiders Place Their Bets

In related news, COO Andrew Micallef sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $204.86, for a total transaction of $204,860.00. Following the completion of the transaction, the chief operating officer now owns 8,828 shares in the company, valued at $1,808,504.08. This represents a 10.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.11% of the company’s stock.

Institutional Trading of NXP Semiconductors

Large investors have recently added to or reduced their stakes in the stock. Insigneo Advisory Services LLC lifted its holdings in NXP Semiconductors by 18.7% in the first quarter. Insigneo Advisory Services LLC now owns 2,510 shares of the semiconductor provider’s stock worth $477,000 after buying an additional 395 shares during the period. Grove Bank & Trust boosted its position in shares of NXP Semiconductors by 452.9% during the first quarter. Grove Bank & Trust now owns 575 shares of the semiconductor provider’s stock valued at $109,000 after purchasing an additional 471 shares in the last quarter. Signature Wealth Management Group grew its stake in NXP Semiconductors by 7.0% in the first quarter. Signature Wealth Management Group now owns 8,005 shares of the semiconductor provider’s stock worth $1,522,000 after purchasing an additional 525 shares during the period. Sagespring Wealth Partners LLC raised its holdings in NXP Semiconductors by 26.2% in the first quarter. Sagespring Wealth Partners LLC now owns 8,693 shares of the semiconductor provider’s stock worth $1,652,000 after purchasing an additional 1,805 shares in the last quarter. Finally, Great Lakes Retirement Inc. lifted its position in NXP Semiconductors by 8.5% during the first quarter. Great Lakes Retirement Inc. now owns 9,749 shares of the semiconductor provider’s stock valued at $1,863,000 after buying an additional 760 shares during the period. Institutional investors 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.