NXP Semiconductors (NASDAQ:NXPI) Sets New 12-Month Low – Here’s Why

NXP Semiconductors (NASDAQ:NXPI)’s share price reached 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 traded. The stock had previously closed at $208.55.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NXPI. Morgan Stanley decreased their price objective on NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 6th. The Goldman Sachs Group upgraded NXP Semiconductors from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $260.00 to $257.00 in a research report on Friday, January 10th. Citic Securities began coverage on NXP Semiconductors in a research report on Friday, October 11th. They issued a $288.00 price objective on the stock. Barclays dropped their target price on shares of NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Finally, TD Cowen reduced their price target on shares of NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, NXP Semiconductors has an average rating of “Moderate Buy” and a consensus target price of $270.85.

NXP Semiconductors Price Performance

The company has a market capitalization of $52.07 billion, a PE ratio of 19.57, a P/E/G ratio of 3.14 and a beta of 1.46. 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 fifty day simple moving average of $215.79 and a 200 day simple moving average of $231.35.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, topping the consensus estimate of $3.43 by $0.02. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The firm had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.25 billion. During the same period in the previous year, the company posted $3.31 EPS. The business’s revenue for the quarter was down 5.4% compared to the same quarter last year. Equities analysts anticipate that NXP Semiconductors will post 11.33 EPS for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th were paid a dividend of $1.014 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.98%. NXP Semiconductors’s payout ratio is 38.74%.

Hedge Funds Weigh In On NXP Semiconductors

Several hedge funds and other institutional investors have recently bought and sold shares of NXPI. Crumly & Associates Inc. boosted its holdings in shares of NXP Semiconductors by 2.0% in the 3rd quarter. Crumly & Associates Inc. now owns 2,274 shares of the semiconductor provider’s stock valued at $546,000 after acquiring an additional 45 shares during the last quarter. Sterling Investment Counsel LLC lifted its position in NXP Semiconductors by 5.7% during the third quarter. Sterling Investment Counsel LLC now owns 850 shares of the semiconductor provider’s stock valued at $204,000 after purchasing an additional 46 shares during the period. Ascent Group LLC boosted its holdings in NXP Semiconductors by 0.4% in the third quarter. Ascent Group LLC now owns 12,498 shares of the semiconductor provider’s stock valued at $3,000,000 after purchasing an additional 46 shares during the last quarter. Central Bank & Trust Co. grew its position in NXP Semiconductors by 1.1% during the 4th quarter. Central Bank & Trust Co. now owns 4,412 shares of the semiconductor provider’s stock worth $917,000 after purchasing an additional 48 shares during the period. Finally, Patrick M Sweeney & Associates Inc. raised its stake in shares of NXP Semiconductors by 6.4% during the 3rd quarter. Patrick M Sweeney & Associates Inc. now owns 864 shares of the semiconductor provider’s stock valued at $207,000 after buying an additional 52 shares during 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.