NXP Semiconductors (NASDAQ:NXPI) Shares Gap Down to $226.92

NXP Semiconductors (NASDAQ:NXPI - Get Free Report)'s stock price gapped down before the market opened on Thursday . The stock had previously closed at $226.92, but opened at $222.00. NXP Semiconductors shares last traded at $219.98, with a volume of 346,023 shares.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Wolfe Research upgraded shares of NXP Semiconductors from a "peer perform" rating to an "outperform" rating and set a $255.00 price objective for the company in a research note on Thursday, January 18th. Evercore ISI assumed coverage on shares of NXP Semiconductors in a research note on Tuesday. They set an "outperform" rating and a $300.00 price objective for the company. Mizuho lifted their price objective on shares of NXP Semiconductors from $220.00 to $225.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 7th. Barclays upgraded shares of NXP Semiconductors from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $200.00 to $260.00 in a research report on Tuesday, January 16th. Finally, Stifel Nicolaus boosted their target price on shares of NXP Semiconductors from $190.00 to $210.00 and gave the stock a "hold" rating in a research note on Tuesday, January 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, NXP Semiconductors presently has a consensus rating of "Moderate Buy" and an average target price of $242.29.

NXP Semiconductors Stock Performance

The company has a current ratio of 1.91, a quick ratio of 1.39 and a debt-to-equity ratio of 1.14. The stock has a market capitalization of $56.18 billion, a price-to-earnings ratio of 21.19, a price-to-earnings-growth ratio of 0.87 and a beta of 1.59. The firm's fifty day moving average price is $241.93 and its 200 day moving average price is $218.41.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued its quarterly earnings data on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.33 by $0.04. NXP Semiconductors had a net margin of 21.07% and a return on equity of 38.94%. The company had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.40 billion. Analysts forecast that NXP Semiconductors will post 12.28 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Thursday, March 21st were paid a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.85%. The ex-dividend date was Wednesday, March 20th. NXP Semiconductors's dividend payout ratio (DPR) is 37.91%.

Institutional Trading of NXP Semiconductors

Several hedge funds and other institutional investors have recently made changes to their positions in NXPI. Norges Bank acquired a new stake in shares of NXP Semiconductors in the fourth quarter valued at about $762,077,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in NXP Semiconductors by 893.2% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,332,578 shares of the semiconductor provider's stock worth $535,747,000 after acquiring an additional 2,097,727 shares during the last quarter. Moneta Group Investment Advisors LLC acquired a new position in NXP Semiconductors during the fourth quarter worth about $267,123,000. Price T Rowe Associates Inc. MD grew its holdings in shares of NXP Semiconductors by 44.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,417,231 shares of the semiconductor provider's stock worth $823,704,000 after buying an additional 1,360,582 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado purchased a new stake in shares of NXP Semiconductors during the fourth quarter worth about $164,044,000. Institutional investors and hedge funds own 90.54% of the company's stock.

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.