NXP Semiconductors (NASDAQ:NXPI) Shares Gap Down - Should You Sell?

Shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $228.27, but opened at $222.13. NXP Semiconductors shares last traded at $222.53, with a volume of 1,608,902 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Arete Research raised NXP Semiconductors to a "strong-buy" rating in a report on Tuesday, March 25th. Barclays dropped their price target on NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Morgan Stanley set a $229.00 price target on NXP Semiconductors in a research note on Monday, April 21st. The Goldman Sachs Group assumed coverage on NXP Semiconductors in a research note on Thursday, July 10th. They issued a "buy" rating and a $276.00 price target for the company. Finally, Stifel Nicolaus raised their target price on NXP Semiconductors from $170.00 to $210.00 and gave the stock a "hold" rating in a research report on Friday. Four equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $255.05.

NXP Semiconductors Price Performance

The firm has a market cap of $57.78 billion, a price-to-earnings ratio of 24.91, a P/E/G ratio of 2.82 and a beta of 1.40. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.47 and a current ratio of 2.09. The business has a 50 day simple moving average of $213.64 and a 200-day simple moving average of $205.95.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced its earnings results on Monday, July 21st. The semiconductor provider reported $2.72 earnings per share for the quarter, topping analysts' consensus estimates of $2.66 by $0.06. NXP Semiconductors had a return on equity of 29.62% and a net margin of 19.16%. The firm had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter in the previous year, the business earned $3.20 EPS. The company's revenue was down 6.4% compared to the same quarter last year. Equities research analysts expect that NXP Semiconductors N.V. will post 10.28 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Wednesday, June 25th were paid a $1.014 dividend. The ex-dividend date was Wednesday, June 25th. This represents a $4.06 annualized dividend and a yield of 1.77%. NXP Semiconductors's payout ratio is 44.23%.

Insider Buying and Selling

In related news, EVP Jennifer Wuamett sold 9,132 shares of the company's stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $230.00, for a total value of $2,100,360.00. Following the transaction, the executive vice president owned 27,088 shares in the company, valued at approximately $6,230,240. This represents a 25.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.12% of the company's stock.

Institutional Investors Weigh In On NXP Semiconductors

Several institutional investors have recently made changes to their positions in NXPI. OLD National Bancorp IN purchased a new stake in shares of NXP Semiconductors in the second quarter worth $426,000. 111 Capital increased its stake in NXP Semiconductors by 15.4% in the second quarter. 111 Capital now owns 9,105 shares of the semiconductor provider's stock valued at $1,989,000 after acquiring an additional 1,217 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in NXP Semiconductors in the second quarter valued at $76,000. Hilltop National Bank bought a new position in NXP Semiconductors in the second quarter valued at $44,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in NXP Semiconductors by 4.1% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 382,731 shares of the semiconductor provider's stock valued at $83,623,000 after acquiring an additional 14,926 shares during the last quarter. Hedge funds and other institutional investors 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.

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