NXP Semiconductors (NASDAQ:NXPI) Holdings Lowered by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd trimmed its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 12.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,919 shares of the semiconductor provider’s stock after selling 538 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in NXP Semiconductors were worth $848,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NXPI. Operose Advisors LLC bought a new stake in shares of NXP Semiconductors in the 3rd quarter worth approximately $26,000. Valley National Advisers Inc. increased its position in shares of NXP Semiconductors by 98.6% in the fourth quarter. Valley National Advisers Inc. now owns 137 shares of the semiconductor provider’s stock worth $31,000 after acquiring an additional 68 shares in the last quarter. BluePath Capital Management LLC purchased a new position in shares of NXP Semiconductors in the third quarter worth approximately $28,000. Paradigm Asset Management Co. LLC increased its position in shares of NXP Semiconductors by 100.0% in the third quarter. Paradigm Asset Management Co. LLC now owns 200 shares of the semiconductor provider’s stock worth $40,000 after acquiring an additional 100 shares in the last quarter. Finally, Atticus Wealth Management LLC increased its position in shares of NXP Semiconductors by 358.7% in the third quarter. Atticus Wealth Management LLC now owns 211 shares of the semiconductor provider’s stock worth $42,000 after acquiring an additional 165 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of NXP Semiconductors from $220.00 to $240.00 and gave the company a “neutral” rating in a research note on Wednesday, February 7th. Cantor Fitzgerald upped their price objective on shares of NXP Semiconductors from $270.00 to $290.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Wolfe Research upgraded shares of NXP Semiconductors from a “peer perform” rating to an “outperform” rating and set a $255.00 price objective on the stock in a research note on Thursday, January 18th. Evercore ISI initiated coverage on shares of NXP Semiconductors in a research note on Tuesday, April 16th. They set an “outperform” rating and a $300.00 price target on the stock. Finally, Barclays upgraded shares of 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 note on Tuesday, January 16th. One analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $242.29.

NXP Semiconductors Stock Performance

NXP Semiconductors stock traded up $6.95 during mid-day trading on Tuesday, reaching $225.61. The company had a trading volume of 2,700,884 shares, compared to its average volume of 2,338,673. The company has a quick ratio of 1.39, a current ratio of 1.91 and a debt-to-equity ratio of 1.14. NXP Semiconductors has a 52 week low of $155.31 and a 52 week high of $264.26. The company has a 50 day moving average of $240.90 and a 200-day moving average of $219.18. The firm has a market cap of $57.78 billion, a price-to-earnings ratio of 21.07, a PEG ratio of 0.81 and a beta of 1.59.

NXP Semiconductors (NASDAQ:NXPI) last issued 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. NXP Semiconductors had a net margin of 21.07% and a return on equity of 38.94%. The firm had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.40 billion. On average, sell-side analysts expect that NXP Semiconductors will post 12.28 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Thursday, March 21st were issued a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend was Wednesday, March 20th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 37.91%.

NXP Semiconductors Profile

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.