ValuEngine cut shares of NXP Semiconductors (NASDAQ:NXPI) from a hold rating to a sell rating in a research note issued to investors on Thursday morning, ValuEngine reports.
Several other research firms have also weighed in on NXPI. Mizuho lifted their price objective on shares of NXP Semiconductors from $95.00 to $100.00 and gave the company a neutral rating in a research note on Wednesday, May 1st. Zacks Investment Research downgraded NXP Semiconductors from a buy rating to a hold rating in a report on Saturday, July 27th. Morgan Stanley boosted their price objective on NXP Semiconductors from $114.00 to $115.00 and gave the company an overweight rating in a report on Wednesday. Barclays restated a buy rating on shares of NXP Semiconductors in a research note on Sunday, May 5th. Finally, Piper Jaffray Companies boosted their price target on shares of NXP Semiconductors from $100.00 to $110.00 and gave the company an overweight rating in a research note on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $104.44.
NASDAQ:NXPI traded up $0.46 during trading hours on Thursday, hitting $100.46. 3,231,300 shares of the company were exchanged, compared to its average volume of 3,595,428. The company has a market cap of $32.87 billion, a PE ratio of 16.91, a price-to-earnings-growth ratio of 1.22 and a beta of 1.26. The company has a quick ratio of 1.04, a current ratio of 1.82 and a debt-to-equity ratio of 0.79. NXP Semiconductors has a one year low of $67.62 and a one year high of $108.51. The business’s fifty day moving average is $98.05.
The company also recently announced a quarterly dividend, which was paid on Friday, July 5th. Stockholders of record on Friday, June 14th were paid a $0.25 dividend. The ex-dividend date was Thursday, June 13th. This represents a $1.00 annualized dividend and a dividend yield of 1.00%. NXP Semiconductors’s payout ratio is 16.84%.
A number of hedge funds have recently modified their holdings of NXPI. Covenant Multifamily Offices LLC bought a new stake in NXP Semiconductors in the 1st quarter worth about $25,000. Global Trust Asset Management LLC bought a new position in NXP Semiconductors during the second quarter valued at about $26,000. Next Capital Management LLC bought a new position in NXP Semiconductors during the second quarter valued at about $26,000. Liberty Wealth Management LLC grew its position in shares of NXP Semiconductors by 5,050.0% during the 1st quarter. Liberty Wealth Management LLC now owns 309 shares of the semiconductor provider’s stock valued at $27,000 after acquiring an additional 303 shares during the period. Finally, Citizens Financial Group Inc RI grew its position in shares of NXP Semiconductors by 56.3% during the 1st quarter. Citizens Financial Group Inc RI now owns 358 shares of the semiconductor provider’s stock valued at $32,000 after acquiring an additional 129 shares during the period. 76.05% of the stock is owned by institutional investors and hedge funds.
About NXP Semiconductors
NXP Semiconductors N.V., a semiconductor company, provides high performance mixed signal solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. The company offers products for audio and visual head-end unit applications, such as single-chip radio solutions, multi-standard radios, audio amplifiers and power analog products, and i.MX applications processors; in-vehicle networking products; two-way secure entry products; various sensors and microcontrollers; power management solutions; battery cell controllers; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.
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