NXP Semiconductors (NASDAQ:NXPI) Stake Reduced by WealthShield Partners LLC

WealthShield Partners LLC decreased its holdings in NXP Semiconductors (NASDAQ:NXPIFree Report) by 22.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,971 shares of the semiconductor provider’s stock after selling 3,992 shares during the quarter. WealthShield Partners LLC’s holdings in NXP Semiconductors were worth $3,223,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. State of Michigan Retirement System raised its position in NXP Semiconductors by 2.5% during the fourth quarter. State of Michigan Retirement System now owns 82,868 shares of the semiconductor provider’s stock valued at $19,033,000 after buying an additional 2,000 shares during the period. Carmel Capital Management L.L.C. boosted its stake in NXP Semiconductors by 1.8% during the 4th quarter. Carmel Capital Management L.L.C. now owns 65,160 shares of the semiconductor provider’s stock valued at $14,966,000 after purchasing an additional 1,155 shares during the period. First Citizens Bank & Trust Co. bought a new stake in shares of NXP Semiconductors in the 4th quarter worth approximately $202,000. Osborne Partners Capital Management LLC lifted its position in shares of NXP Semiconductors by 0.3% in the 4th quarter. Osborne Partners Capital Management LLC now owns 61,668 shares of the semiconductor provider’s stock worth $14,164,000 after acquiring an additional 168 shares during the period. Finally, JB Capital LLC lifted its position in shares of NXP Semiconductors by 17.0% during the 4th quarter. JB Capital LLC now owns 50,705 shares of the semiconductor provider’s stock worth $11,646,000 after buying an additional 7,351 shares during the period. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Performance

Shares of NXPI traded up $1.44 during mid-day trading on Wednesday, hitting $242.21. The company’s stock had a trading volume of 567,305 shares, compared to its average volume of 2,360,632. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.39 and a current ratio of 1.91. The stock’s 50-day moving average is $237.23 and its two-hundred day moving average is $215.35. NXP Semiconductors has a one year low of $155.31 and a one year high of $264.26. The firm has a market capitalization of $62.12 billion, a PE ratio of 22.72, a price-to-earnings-growth ratio of 0.93 and a beta of 1.59.

NXP Semiconductors (NASDAQ:NXPIGet Free Report) last posted its quarterly earnings results on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share for the quarter, beating analysts’ consensus estimates of $3.33 by $0.04. The business had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.40 billion. NXP Semiconductors had a return on equity of 38.94% and a net margin of 21.07%. As a group, sell-side analysts anticipate that NXP Semiconductors will post 12.28 EPS for the current year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 10th. Investors of record on Thursday, March 21st will be paid a dividend of $1.014 per share. The ex-dividend date of this dividend is Wednesday, March 20th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.67%. NXP Semiconductors’s payout ratio is 37.91%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Oppenheimer boosted their target price on NXP Semiconductors from $220.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Barclays raised NXP Semiconductors from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $200.00 to $260.00 in a research report on Tuesday, January 16th. Morgan Stanley raised their target price on NXP Semiconductors from $221.00 to $224.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. Cantor Fitzgerald reissued an “overweight” rating and set a $270.00 price objective on shares of NXP Semiconductors in a report on Monday, March 4th. Finally, JPMorgan Chase & Co. raised their target price on NXP Semiconductors from $220.00 to $240.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, NXP Semiconductors presently has an average rating of “Moderate Buy” and a consensus target price of $238.75.

View Our Latest Stock Analysis on NXPI

About NXP Semiconductors

(Free Report)

NXP Semiconductors N.V. offers various semiconductor products. The company's product portfolio includes microcontrollers; application processors, including i.MX application processors, and i.MX 8 and 9 family of applications processors; communication processors; wireless connectivity solutions, such as near field communications, ultra-wideband, Bluetooth low-energy, Zigbee, and Wi-Fi and Wi-Fi/Bluetooth integrated SoCs; analog and interface devices; radio frequency power amplifiers; and security controllers, as well as semiconductor-based environmental and inertial sensors, including pressure, inertial, magnetic, and gyroscopic sensors.

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Institutional Ownership by Quarter for NXP Semiconductors (NASDAQ:NXPI)

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