NXP Semiconductors (NASDAQ:NXPI) Hits New 52-Week Low – Should You Sell?

NXP Semiconductors (NASDAQ:NXPI)’s share price hit a new 52-week low on Monday . The stock traded as low as $198.21 and last traded at $204.90, with a volume of 716310 shares. The stock had previously closed at $208.55.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NXPI. The Goldman Sachs Group raised NXP Semiconductors from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $260.00 to $257.00 in a research report on Friday, January 10th. Susquehanna reduced their target price on NXP Semiconductors from $250.00 to $235.00 and set a “neutral” rating on the stock in a report on Wednesday, January 22nd. Mizuho set a $290.00 price objective on shares of NXP Semiconductors in a research note on Friday, October 18th. Oppenheimer dropped their target price on shares of NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Finally, Wells Fargo & Company assumed coverage on shares of NXP Semiconductors in a report on Friday, November 22nd. They issued an “overweight” rating and a $250.00 price target for the company. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $269.35.

NXP Semiconductors Trading Down 1.1 %

The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.60 and a current ratio of 2.35. The firm has a market cap of $51.44 billion, a P/E ratio of 19.31, a P/E/G ratio of 3.14 and a beta of 1.46. The firm has a 50 day simple moving average of $215.21 and a 200 day simple moving average of $230.83.

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

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th were given a dividend of $1.014 per share. The ex-dividend date was Thursday, December 5th. This represents a $4.06 annualized dividend and a yield of 2.00%. NXP Semiconductors’s payout ratio is presently 38.74%.

Institutional Trading of NXP Semiconductors

Institutional investors and hedge funds have recently made changes to their positions in the stock. State Street Corp increased its stake in NXP Semiconductors by 1.3% in the third quarter. State Street Corp now owns 10,675,415 shares of the semiconductor provider’s stock valued at $2,572,694,000 after acquiring an additional 139,641 shares during the last quarter. Geode Capital Management LLC boosted its position in NXP Semiconductors by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 5,145,932 shares of the semiconductor provider’s stock valued at $1,231,533,000 after buying an additional 57,762 shares during the period. Franklin Resources Inc. grew its holdings in NXP Semiconductors by 2.1% in the 3rd quarter. Franklin Resources Inc. now owns 4,459,689 shares of the semiconductor provider’s stock worth $1,063,322,000 after acquiring an additional 93,129 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of NXP Semiconductors by 27.1% during the fourth quarter. Van ECK Associates Corp now owns 3,865,446 shares of the semiconductor provider’s stock valued at $803,432,000 after acquiring an additional 824,317 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in NXP Semiconductors by 0.7% in the 3rd quarter. Janus Henderson Group PLC now owns 2,730,933 shares of the semiconductor provider’s stock worth $655,453,000 after buying an additional 20,145 shares during the period. Hedge funds and other 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.