ValuEngine Lowers NXP Semiconductors (NASDAQ:NXPI) to Sell

ValuEngine cut shares of NXP Semiconductors (NASDAQ:NXPI) from a hold rating to a sell rating in a report released on Friday morning, ValuEngine reports.

A number of other analysts also recently weighed in on the stock. Piper Jaffray Companies set a $55.00 target price on shares of Pacira Biosciences and gave the company a buy rating in a research report on Tuesday, April 9th. Morgan Stanley reaffirmed a neutral rating and set a $230.00 price objective on shares of Tesla in a research report on Wednesday, June 12th. Stifel Nicolaus reduced their price target on shares of MacroGenics from $36.00 to $29.00 and set a buy rating for the company in a research report on Wednesday, June 5th. Bank of America restated a buy rating and set a $105.00 price objective (up from $100.00) on shares of Zendesk in a research note on Wednesday, May 1st. Finally, Barclays restated a buy rating on shares of NXP Semiconductors in a research note on Sunday, May 5th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $101.32.

NXPI stock opened at $99.16 on Friday. The firm has a market capitalization of $32.59 billion, a P/E ratio of 16.69, a PEG ratio of 1.18 and a beta of 1.27. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.42 and a quick ratio of 1.04. NXP Semiconductors has a 52 week low of $67.62 and a 52 week high of $108.51. The company has a 50-day simple moving average of $94.85.

NXP Semiconductors (NASDAQ:NXPI) last posted its earnings results on Monday, April 29th. The semiconductor provider reported $1.72 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.47. The firm had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.09 billion. NXP Semiconductors had a net margin of 23.06% and a return on equity of 18.33%. On average, equities research analysts anticipate that NXP Semiconductors will post 6.56 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, July 5th. Stockholders of record on Friday, June 14th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend was Thursday, June 13th. NXP Semiconductors’s dividend payout ratio (DPR) is 16.84%.

Several hedge funds have recently modified their holdings of NXPI. Norges Bank bought a new stake in NXP Semiconductors during the 4th quarter valued at $234,256,000. Pictet Asset Management Ltd. lifted its holdings in shares of NXP Semiconductors by 14.8% in the 1st quarter. Pictet Asset Management Ltd. now owns 3,101,888 shares of the semiconductor provider’s stock valued at $274,176,000 after buying an additional 400,506 shares during the period. Legal & General Group Plc lifted its holdings in shares of NXP Semiconductors by 3.3% in the 4th quarter. Legal & General Group Plc now owns 2,078,146 shares of the semiconductor provider’s stock valued at $152,286,000 after buying an additional 67,267 shares during the period. FIL Ltd lifted its holdings in shares of NXP Semiconductors by 0.8% in the 1st quarter. FIL Ltd now owns 2,052,978 shares of the semiconductor provider’s stock valued at $181,462,000 after buying an additional 15,872 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of NXP Semiconductors by 14.8% in the 4th quarter. Geode Capital Management LLC now owns 1,845,502 shares of the semiconductor provider’s stock valued at $134,797,000 after buying an additional 238,164 shares during the period. 76.00% of the stock is owned by hedge funds and other institutional investors.

About NXP Semiconductors

NXP Semiconductors N.V., a semiconductor company, provides high performance mixed signal solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. The company offers products for audio and visual head-end unit applications, such as single-chip radio solutions, multi-standard radios, audio amplifiers and power analog products, and i.MX applications processors; in-vehicle networking products; two-way secure entry products; various sensors and microcontrollers; power management solutions; battery cell controllers; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.

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Analyst Recommendations for NXP Semiconductors (NASDAQ:NXPI)

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