NXP Semiconductors (NASDAQ:NXPI) Shares Gap Down - Here's What Happened

Shares of NXP Semiconductors (NASDAQ:NXPI - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $196.24, but opened at $181.52. NXP Semiconductors shares last traded at $183.24, with a volume of 1,210,364 shares.

Analysts Set New Price Targets

A number of equities analysts have issued reports on NXPI shares. Barclays lowered their target price on NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Truist Financial upped their price target on shares of NXP Semiconductors from $245.00 to $258.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Stifel Nicolaus dropped their price objective on shares of NXP Semiconductors from $210.00 to $170.00 and set a "hold" rating on the stock in a research report on Thursday, April 17th. UBS Group lowered their target price on shares of NXP Semiconductors from $265.00 to $250.00 and set a "buy" rating on the stock in a report on Wednesday. Finally, JPMorgan Chase & Co. lowered their price objective on NXP Semiconductors from $260.00 to $240.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $250.37.

NXP Semiconductors Price Performance

The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. The stock has a market capitalization of $47.62 billion, a price-to-earnings ratio of 19.32, a PEG ratio of 3.01 and a beta of 1.40. The business's fifty day moving average price is $192.76 and its 200-day moving average price is $211.74.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The semiconductor provider reported $2.64 EPS for the quarter, topping the consensus estimate of $2.59 by $0.05. The business had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.83 billion. NXP Semiconductors had a net margin of 19.90% and a return on equity of 31.45%. The company's revenue for the quarter was down 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.24 earnings per share. On average, research analysts forecast that NXP Semiconductors will post 10.28 EPS for the current year.

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th were given a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 2.16%. NXP Semiconductors's dividend payout ratio is presently 44.12%.

Insider Buying and Selling

In other news, COO Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction on Monday, March 17th. The stock was sold at an average price of $204.86, for a total value of $204,860.00. Following the completion of the transaction, the chief operating officer now directly owns 8,828 shares in the company, valued at approximately $1,808,504.08. The trade was a 10.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.11% of the stock is currently owned by insiders.

Institutional Investors Weigh In On NXP Semiconductors

Hedge funds and other institutional investors have recently modified their holdings of the stock. ORG Wealth Partners LLC increased its holdings in NXP Semiconductors by 915.4% during the 4th quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider's stock worth $27,000 after acquiring an additional 119 shares during the period. Sound Income Strategies LLC raised its position in NXP Semiconductors by 169.2% during the fourth quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider's stock valued at $29,000 after purchasing an additional 88 shares in the last quarter. Smithfield Trust Co bought a new stake in NXP Semiconductors in the 4th quarter worth approximately $32,000. Runnymede Capital Advisors Inc. bought a new stake in shares of NXP Semiconductors in the 4th quarter worth approximately $32,000. Finally, Brooklyn Investment Group boosted its holdings in NXP Semiconductors by 69.5% during the 4th quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider's stock valued at $33,000 after acquiring an additional 66 shares during the period. 90.54% of the stock is currently 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.