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

NXPI has been the topic of several other reports. BidaskClub lowered Vertex Pharmaceuticals from a buy rating to a hold rating in a research report on Tuesday, July 9th. Mizuho raised their price objective on NXP Semiconductors from $95.00 to $100.00 and gave the company a neutral rating in a research report on Wednesday, May 1st. Bank of America reissued a buy rating and issued a $105.00 price objective (up from $100.00) on shares of Zendesk in a research report on Wednesday, May 1st. Piper Jaffray Companies set a $55.00 price objective on Pacira Biosciences and gave the company a buy rating in a research report on Tuesday, April 9th. Finally, Morgan Stanley reaffirmed a neutral rating and set a $230.00 target price on shares of Tesla in a research report on Wednesday, June 12th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. NXP Semiconductors has a consensus rating of Buy and an average target price of $101.32.

NASDAQ:NXPI opened at $96.99 on Friday. The firm has a 50-day moving average of $94.52. The company has a quick ratio of 1.04, a current ratio of 1.42 and a debt-to-equity ratio of 0.63. NXP Semiconductors has a 12 month low of $67.62 and a 12 month high of $109.80. The stock has a market capitalization of $31.88 billion, a price-to-earnings ratio of 16.33, a PEG ratio of 1.18 and a beta of 1.27.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Monday, April 29th. The semiconductor provider reported $1.72 EPS for the quarter, beating the consensus estimate of $1.25 by $0.47. NXP Semiconductors had a return on equity of 18.33% and a net margin of 23.06%. The company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.09 billion. On average, research analysts predict that NXP Semiconductors will post 6.56 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 5th. Stockholders of record on Friday, June 14th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date was Thursday, June 13th. NXP Semiconductors’s payout ratio is 16.84%.

Several hedge funds and other institutional investors have recently made changes to their positions in NXPI. Clark Capital Management Group Inc. bought a new stake in NXP Semiconductors in the second quarter valued at about $17,033,000. Nisa Investment Advisors LLC increased its holdings in NXP Semiconductors by 20.7% in the second quarter. Nisa Investment Advisors LLC now owns 55,480 shares of the semiconductor provider’s stock valued at $5,415,000 after buying an additional 9,500 shares during the last quarter. CENTRAL TRUST Co increased its holdings in NXP Semiconductors by 550.2% in the second quarter. CENTRAL TRUST Co now owns 1,788 shares of the semiconductor provider’s stock valued at $168,000 after buying an additional 1,513 shares during the last quarter. Diversified Trust Co bought a new stake in NXP Semiconductors in the second quarter valued at about $1,919,000. Finally, Xact Kapitalforvaltning AB increased its holdings in NXP Semiconductors by 9.3% in the second quarter. Xact Kapitalforvaltning AB now owns 88,000 shares of the semiconductor provider’s stock valued at $8,590,000 after buying an additional 7,500 shares during the last quarter. 75.97% of the stock is currently owned by institutional investors and hedge funds.

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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