Palouse Capital Management Inc. lessened its holdings in shares of NXP Semiconductors NV (NASDAQ:NXPI) by 4.4% in the 1st quarter, Holdings Channel reports. The firm owned 19,401 shares of the semiconductor provider’s stock after selling 886 shares during the quarter. Palouse Capital Management Inc.’s holdings in NXP Semiconductors were worth $1,715,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Covenant Multifamily Offices LLC bought a new position in NXP Semiconductors during the first quarter valued at about $25,000. Lindbrook Capital LLC bought a new position in NXP Semiconductors during the fourth quarter valued at about $26,000. Berman Capital Advisors LLC bought a new position in NXP Semiconductors during the fourth quarter valued at about $27,000. Liberty Wealth Management LLC increased its stake in NXP Semiconductors by 5,050.0% during the first quarter. Liberty Wealth Management LLC now owns 309 shares of the semiconductor provider’s stock valued at $27,000 after acquiring an additional 303 shares during the period. Finally, Citizens Financial Group Inc RI increased its stake in NXP Semiconductors by 56.3% during the first quarter. Citizens Financial Group Inc RI now owns 358 shares of the semiconductor provider’s stock valued at $32,000 after acquiring an additional 129 shares during the period. 76.51% of the stock is owned by institutional investors and hedge funds.
NXPI has been the topic of several research reports. BidaskClub upgraded NXP Semiconductors from a “sell” rating to a “hold” rating in a research note on Thursday, February 14th. TheStreet upgraded NXP Semiconductors from a “c+” rating to a “b-” rating in a research note on Wednesday, February 13th. Deutsche Bank boosted their price target on NXP Semiconductors from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Piper Jaffray Companies boosted their price target on NXP Semiconductors from $100.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, April 9th. Finally, Zacks Investment Research upgraded NXP Semiconductors from a “sell” rating to a “hold” rating and set a $109.00 price target on the stock in a research note on Wednesday, April 10th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $101.32.
Shares of NXPI stock traded down $0.24 during trading hours on Wednesday, hitting $95.22. The company had a trading volume of 138,335 shares, compared to its average volume of 3,963,231. NXP Semiconductors NV has a 12 month low of $67.62 and a 12 month high of $117.61. The firm has a market cap of $31.95 billion, a P/E ratio of 16.04, a P/E/G ratio of 1.12 and a beta of 1.26. The company has a current ratio of 1.42, a quick ratio of 1.04 and a debt-to-equity ratio of 0.63.
NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Monday, April 29th. The semiconductor provider reported $1.72 earnings per share 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. Sell-side analysts forecast that NXP Semiconductors NV will post 6.59 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 14th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.05%. The ex-dividend date is Thursday, June 13th. NXP Semiconductors’s payout ratio is currently 16.84%.
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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; battery cell controllers; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.
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