NXP Semiconductors (NXPI) Stock Price Down 5.2%

NXP Semiconductors (NASDAQ:NXPI) shares traded down 5.2% on Thursday . The company traded as low as $106.75 and last traded at $107.17. 12,743,311 shares changed hands during mid-day trading, an increase of 215% from the average session volume of 4,045,326 shares. The stock had previously closed at $112.99.

A number of research analysts recently weighed in on the company. Zacks Investment Research cut NXP Semiconductors from a “hold” rating to a “sell” rating in a report on Tuesday. Citigroup assumed coverage on NXP Semiconductors in a report on Thursday, April 12th. They issued a “neutral” rating and a $127.50 target price on the stock. BidaskClub cut NXP Semiconductors from a “hold” rating to a “sell” rating in a report on Saturday, April 7th. ValuEngine cut NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Finally, Morgan Stanley assumed coverage on NXP Semiconductors in a report on Monday, March 19th. They issued an “equal weight” rating and a $127.50 target price on the stock. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and one has assigned a strong buy rating to the stock. NXP Semiconductors presently has a consensus rating of “Hold” and an average price target of $119.71.

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The company has a market capitalization of $38,886.87, a P/E ratio of 14.93, a PEG ratio of 0.87 and a beta of 0.77. The company has a quick ratio of 1.77, a current ratio of 2.22 and a debt-to-equity ratio of 0.42.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Wednesday, February 7th. The semiconductor provider reported $3.06 EPS for the quarter, topping the Zacks’ consensus estimate of $1.61 by $1.45. The company had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.37 billion. NXP Semiconductors had a return on equity of 18.68% and a net margin of 23.93%. research analysts forecast that NXP Semiconductors will post 6.52 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. lifted its stake in shares of NXP Semiconductors by 1.9% during the fourth quarter. BlackRock Inc. now owns 19,595,554 shares of the semiconductor provider’s stock worth $2,294,444,000 after purchasing an additional 366,810 shares in the last quarter. HBK Investments L P lifted its stake in shares of NXP Semiconductors by 3.7% in the fourth quarter. HBK Investments L P now owns 14,858,400 shares of the semiconductor provider’s stock worth $1,739,770,000 after acquiring an additional 524,967 shares in the last quarter. Farallon Capital Management LLC lifted its stake in shares of NXP Semiconductors by 1.2% in the fourth quarter. Farallon Capital Management LLC now owns 7,815,000 shares of the semiconductor provider’s stock worth $915,058,000 after acquiring an additional 90,000 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of NXP Semiconductors by 35.5% in the fourth quarter. Renaissance Technologies LLC now owns 3,251,504 shares of the semiconductor provider’s stock worth $380,719,000 after acquiring an additional 852,289 shares in the last quarter. Finally, Swiss National Bank lifted its stake in shares of NXP Semiconductors by 4.8% in the fourth quarter. Swiss National Bank now owns 1,495,529 shares of the semiconductor provider’s stock worth $175,111,000 after acquiring an additional 68,400 shares in the last quarter. Institutional investors own 82.58% of the company’s stock.

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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; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.

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