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 traded.

Wall Street Analyst Weigh In

Several brokerages have recently commented on NXPI. Barclays upped their target price on NXP Semiconductors from $280.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, July 18th. Oppenheimer lifted their target price on shares of NXP Semiconductors from $295.00 to $330.00 and gave the stock an “outperform” rating in a research report on Friday, July 12th. Cantor Fitzgerald restated an “overweight” rating and issued a $350.00 price target on shares of NXP Semiconductors in a research report on Tuesday, July 23rd. Stifel Nicolaus lifted their price objective on shares of NXP Semiconductors from $240.00 to $275.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. Finally, Truist Financial cut their target price on shares of NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $294.89.

NXP Semiconductors Stock Performance

The company has a quick ratio of 1.52, a current ratio of 2.21 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 firm’s 50-day moving average is $243.78 and its two-hundred day 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 earnings per share for the quarter, beating analysts’ consensus estimates of $2.82 by $0.38. The business had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.13 billion. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. NXP Semiconductors’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter last year, the firm earned $3.04 EPS. As a group, research analysts expect that NXP Semiconductors will post 11.97 EPS for the current year.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th will be issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date is Thursday, September 12th. NXP Semiconductors’s dividend payout ratio is 37.40%.

Insider Buying and Selling

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

Institutional Investors Weigh In On NXP Semiconductors

Several hedge funds have recently modified their holdings of the business. Future Financial Wealth Managment LLC bought a new stake in NXP Semiconductors in the 1st quarter valued at $25,000. Family Firm Inc. acquired a new stake in NXP Semiconductors during the second quarter worth about $27,000. Addison Advisors LLC increased its stake in NXP Semiconductors by 224.2% during the second quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock valued at $29,000 after acquiring an additional 74 shares during the period. FinTrust Capital Advisors LLC raised its holdings in NXP Semiconductors by 75.4% in the 4th quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock valued at $26,000 after acquiring an additional 49 shares in the last quarter. Finally, LifeSteps Financial Inc. bought a new stake in shares of NXP Semiconductors in the 1st quarter worth approximately $30,000. 90.54% of the stock is owned by 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.