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

Shares of NXP Semiconductors (NASDAQ:NXPI) 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.

Analyst Upgrades and Downgrades

NXPI has been the subject of a number of analyst reports. Stifel Nicolaus decreased their price objective on NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating for the company in a research note on Thursday, October 17th. Mizuho set a $290.00 price target on NXP Semiconductors in a research note on Friday, October 18th. Citigroup raised shares of NXP Semiconductors from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $200.00 to $210.00 in a research note on Wednesday. Citic Securities initiated coverage on shares of NXP Semiconductors in a report on Friday, October 11th. They set a $288.00 price objective for the company. Finally, The Goldman Sachs Group raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $260.00 to $257.00 in a research report on Friday, January 10th. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $269.35.

NXP Semiconductors Stock Performance

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 company has a market capitalization of $51.44 billion, a P/E ratio of 19.31, a PEG ratio of 3.14 and a beta of 1.46. The stock’s fifty day moving average price is $215.21 and its 200-day moving average price is $230.83.

NXP Semiconductors (NASDAQ:NXPI) last announced its 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. The business had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.25 billion. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. NXP Semiconductors’s revenue was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.31 EPS. As a group, research analysts anticipate that NXP Semiconductors will post 11.33 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Thursday, December 5th were given a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend was Thursday, December 5th. NXP Semiconductors’s dividend payout ratio is currently 38.74%.

Institutional Investors Weigh In On NXP Semiconductors

A number of large investors have recently bought and sold shares of the company. State Street Corp lifted its stake in shares of NXP Semiconductors by 1.3% in the 3rd quarter. State Street Corp now owns 10,675,415 shares of the semiconductor provider’s stock valued at $2,572,694,000 after acquiring an additional 139,641 shares during the last quarter. Geode Capital Management LLC raised its position in NXP Semiconductors by 1.1% in the third quarter. Geode Capital Management LLC now owns 5,145,932 shares of the semiconductor provider’s stock valued at $1,231,533,000 after purchasing an additional 57,762 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of NXP Semiconductors by 2.1% during the third quarter. Franklin Resources Inc. now owns 4,459,689 shares of the semiconductor provider’s stock valued at $1,063,322,000 after purchasing an additional 93,129 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of NXP Semiconductors by 27.1% during the fourth quarter. Van ECK Associates Corp now owns 3,865,446 shares of the semiconductor provider’s stock worth $803,432,000 after purchasing an additional 824,317 shares during the last quarter. Finally, Janus Henderson Group PLC grew its holdings in shares of NXP Semiconductors by 0.7% during the third quarter. Janus Henderson Group PLC now owns 2,730,933 shares of the semiconductor provider’s stock worth $655,453,000 after purchasing an additional 20,145 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

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.