NXP Semiconductors (NASDAQ:NXPI) Lowered to “Strong Sell” Rating by Mizuho

Mizuho downgraded shares of NXP Semiconductors (NASDAQ:NXPI) from a strong-buy rating to a strong sell rating in a research note released on Thursday,Zacks.com reports.

A number of other equities research analysts also recently commented on the company. Bank of America reiterated a “neutral” rating and issued a $230.00 price objective (down from $245.00) on shares of NXP Semiconductors in a report on Monday, April 13th. Barclays restated an “overweight” rating and set a $255.00 target price on shares of NXP Semiconductors in a research report on Thursday, January 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NXP Semiconductors in a research note on Thursday, January 22nd. Truist Financial cut their price target on shares of NXP Semiconductors from $265.00 to $255.00 and set a “buy” rating on the stock in a research report on Tuesday, February 3rd. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $240.00 price objective on shares of NXP Semiconductors in a report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $249.11.

NXP Semiconductors Price Performance

Shares of NXPI stock opened at $216.03 on Thursday. The firm’s 50 day moving average price is $211.66 and its two-hundred day moving average price is $216.85. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.38 and a current ratio of 2.05. NXP Semiconductors has a 52-week low of $166.60 and a 52-week high of $256.36. The stock has a market cap of $54.59 billion, a PE ratio of 27.21, a PEG ratio of 0.98 and a beta of 1.46.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Tuesday, February 3rd. The semiconductor provider reported $3.35 earnings per share for the quarter, beating analysts’ consensus estimates of $3.31 by $0.04. NXP Semiconductors had a return on equity of 26.72% and a net margin of 16.47%.The company had revenue of $3.34 billion for the quarter, compared to the consensus estimate of $3.30 billion. During the same quarter in the prior year, the business posted $3.18 EPS. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. As a group, analysts forecast that NXP Semiconductors will post 10.28 EPS for the current year.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 9th. Investors of record on Wednesday, March 25th were issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Wednesday, March 25th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 51.13%.

Insider Buying and Selling

In related news, EVP Andrew Micallef sold 1,000 shares of the company’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $194.58, for a total value of $194,580.00. Following the completion of the transaction, the executive vice president directly owned 9,942 shares of the company’s stock, valued at approximately $1,934,514.36. This represents a 9.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.12% of the company’s stock.

Institutional Trading of NXP Semiconductors

A number of institutional investors have recently modified their holdings of the company. MCF Advisors LLC raised its position in NXP Semiconductors by 25.3% in the 4th quarter. MCF Advisors LLC now owns 213 shares of the semiconductor provider’s stock valued at $46,000 after buying an additional 43 shares during the last quarter. Aptus Capital Advisors LLC grew its stake in shares of NXP Semiconductors by 1.3% during the 4th quarter. Aptus Capital Advisors LLC now owns 3,464 shares of the semiconductor provider’s stock worth $752,000 after acquiring an additional 43 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of NXP Semiconductors by 0.6% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,426 shares of the semiconductor provider’s stock valued at $1,829,000 after purchasing an additional 50 shares during the last quarter. Rovin Capital UT ADV raised its holdings in shares of NXP Semiconductors by 1.5% in the third quarter. Rovin Capital UT ADV now owns 3,573 shares of the semiconductor provider’s stock valued at $814,000 after purchasing an additional 52 shares during the last quarter. Finally, IHT Wealth Management LLC lifted its position in shares of NXP Semiconductors by 4.6% in the second quarter. IHT Wealth Management LLC now owns 1,193 shares of the semiconductor provider’s stock worth $261,000 after purchasing an additional 52 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors.

About NXP Semiconductors

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.