NXP Semiconductors (NASDAQ:NXPI) Lifted to “Sell” at BidaskClub

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BidaskClub upgraded shares of NXP Semiconductors (NASDAQ:NXPI) from a strong sell rating to a sell rating in a research report report published on Friday, BidAskClub reports.

NXPI has been the subject of several other reports. Morgan Stanley reissued a neutral rating and set a $230.00 target price on shares of Tesla in a research report on Wednesday, June 12th. Barclays reissued a buy rating on shares of NXP Semiconductors in a research report on Sunday, May 5th. Piper Jaffray Companies set a $55.00 target price on shares of Pacira Biosciences and gave the stock a buy rating in a research report on Tuesday, April 9th. Stifel Nicolaus decreased their target price 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. Finally, Zacks Investment Research raised shares of Hallmark Financial Services from a hold rating to a buy rating and set a $16.00 target price for the company in a research report on Friday. One analyst has rated the stock with a sell rating, nine have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of $101.42.

NASDAQ:NXPI opened at $97.96 on Friday. The company has a current ratio of 1.42, a quick ratio of 1.04 and a debt-to-equity ratio of 0.63. The stock’s 50-day simple moving average is $95.41. The company has a market capitalization of $32.20 billion, a P/E ratio of 16.49, a PEG ratio of 1.19 and a beta of 1.27. NXP Semiconductors has a one year low of $67.62 and a one year high of $108.51.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Friday, June 14th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date was Thursday, June 13th. NXP Semiconductors’s payout ratio is 16.84%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Norges Bank purchased a new position in NXP Semiconductors in the fourth quarter valued at about $234,256,000. Pictet Asset Management Ltd. boosted its stake in NXP Semiconductors by 14.8% in the first quarter. Pictet Asset Management Ltd. now owns 3,101,888 shares of the semiconductor provider’s stock valued at $274,176,000 after acquiring an additional 400,506 shares during the last quarter. Legal & General Group Plc boosted its stake in NXP Semiconductors by 3.3% in the fourth quarter. Legal & General Group Plc now owns 2,078,146 shares of the semiconductor provider’s stock valued at $152,286,000 after acquiring an additional 67,267 shares during the last quarter. FIL Ltd boosted its stake in NXP Semiconductors by 0.8% in the first quarter. FIL Ltd now owns 2,052,978 shares of the semiconductor provider’s stock valued at $181,462,000 after acquiring an additional 15,872 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in NXP Semiconductors by 14.8% in the fourth quarter. Geode Capital Management LLC now owns 1,845,502 shares of the semiconductor provider’s stock valued at $134,797,000 after acquiring an additional 238,164 shares during the last quarter. Hedge funds and other institutional investors own 76.00% of the company’s stock.

NXP Semiconductors Company Profile

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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