NXP Semiconductors (NASDAQ:NXPI) Reaches New 1-Year Low – Here’s What Happened

NXP Semiconductors (NASDAQ:NXPI) hit a new 52-week low on Friday . The company traded as low as $196.06 and last traded at $196.67, with a volume of 283698 shares changing hands. The stock had previously closed at $200.06.

Wall Street Analysts Forecast Growth

NXPI has been the subject of several recent research reports. Morgan Stanley upgraded shares of NXP Semiconductors from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $231.00 to $257.00 in a research note on Wednesday, February 12th. Arete Research raised shares of NXP Semiconductors to a “strong-buy” rating in a research report on Tuesday. Citigroup raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and raised their target price for the stock from $210.00 to $290.00 in a report on Thursday, February 20th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $250.00 target price on shares of NXP Semiconductors in a report on Tuesday, February 4th. Finally, Truist Financial increased their price target on NXP Semiconductors from $245.00 to $258.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Four equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $267.00.

NXP Semiconductors Price Performance

The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $49.56 billion, a P/E ratio of 20.11, a P/E/G ratio of 3.01 and a beta of 1.47. The business’s fifty day moving average is $215.18 and its 200 day moving average is $222.30.

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th will be issued a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date is Wednesday, March 19th. NXP Semiconductors’s payout ratio is 41.62%.

Insider Transactions at NXP Semiconductors

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the business’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $204.86, for a total transaction of $204,860.00. Following the sale, the chief operating officer now owns 8,828 shares in the company, valued at approximately $1,808,504.08. The trade was a 10.18 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.11% of the stock is owned by insiders.

Institutional Investors Weigh In On NXP Semiconductors

A number of large investors have recently made changes to their positions in NXPI. HITE Hedge Asset Management LLC purchased a new stake in shares of NXP Semiconductors in the third quarter valued at $13,445,000. Merit Financial Group LLC acquired a new position in NXP Semiconductors during the fourth quarter valued at $360,000. Strategic Financial Concepts LLC purchased a new stake in NXP Semiconductors in the 4th quarter worth about $46,000. Austin Private Wealth LLC boosted its position in NXP Semiconductors by 140.6% during the 4th quarter. Austin Private Wealth LLC now owns 3,198 shares of the semiconductor provider’s stock worth $665,000 after acquiring an additional 1,869 shares during the period. Finally, Asset Management One Co. Ltd. grew its stake in NXP Semiconductors by 2.7% during the 4th quarter. Asset Management One Co. Ltd. now owns 98,558 shares of the semiconductor provider’s stock valued at $21,068,000 after acquiring an additional 2,609 shares in the last quarter. 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.