Gilliland Jeter Wealth Management LLC Buys New Stake in NXP Semiconductors (NASDAQ:NXPI)

Gilliland Jeter Wealth Management LLC bought a new stake in NXP Semiconductors (NASDAQ:NXPI) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 1,553 shares of the semiconductor provider’s stock, valued at approximately $357,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC grew its position in NXP Semiconductors by 0.4% in the 3rd quarter. FMR LLC now owns 25,779,812 shares of the semiconductor provider’s stock worth $5,153,900,000 after purchasing an additional 91,453 shares during the last quarter. Ameriprise Financial Inc. grew its position in NXP Semiconductors by 4.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,205,035 shares of the semiconductor provider’s stock worth $440,841,000 after purchasing an additional 92,571 shares during the last quarter. Morgan Stanley grew its position in NXP Semiconductors by 5.8% in the 3rd quarter. Morgan Stanley now owns 2,185,911 shares of the semiconductor provider’s stock worth $437,008,000 after purchasing an additional 119,183 shares during the last quarter. Northern Trust Corp grew its position in NXP Semiconductors by 10.9% in the 3rd quarter. Northern Trust Corp now owns 2,154,213 shares of the semiconductor provider’s stock worth $430,670,000 after purchasing an additional 211,927 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in NXP Semiconductors by 0.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,337,449 shares of the semiconductor provider’s stock valued at $267,383,000 after purchasing an additional 6,113 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Stock Up 1.9 %

Shares of NXP Semiconductors stock traded up $4.62 on Friday, hitting $242.70. The company had a trading volume of 2,059,388 shares, compared to its average volume of 2,041,337. The stock has a 50-day moving average of $241.20 and a 200-day moving average of $219.73. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.91 and a quick ratio of 1.39. The firm has a market capitalization of $62.16 billion, a P/E ratio of 22.66, a P/E/G ratio of 0.90 and a beta of 1.59. NXP Semiconductors has a twelve month low of $155.31 and a twelve month high of $264.26.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Monday, February 5th. The semiconductor provider reported $3.37 EPS for the quarter, topping analysts’ consensus estimates of $3.33 by $0.04. The business had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.40 billion. NXP Semiconductors had a net margin of 21.07% and a return on equity of 38.94%. Research analysts predict that NXP Semiconductors will post 12.28 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Thursday, March 21st were given a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend was Wednesday, March 20th. NXP Semiconductors’s dividend payout ratio is presently 37.91%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on NXPI. StockNews.com raised shares of NXP Semiconductors from a “hold” rating to a “buy” rating in a research note on Tuesday, April 16th. Stifel Nicolaus lifted their price target on shares of NXP Semiconductors from $190.00 to $210.00 and gave the stock a “hold” rating in a research report on Tuesday, January 2nd. Barclays upgraded shares of NXP Semiconductors from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $200.00 to $260.00 in a research report on Tuesday, January 16th. Oppenheimer lifted their price target on shares of NXP Semiconductors from $220.00 to $250.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Finally, Evercore ISI initiated coverage on shares of NXP Semiconductors in a report on Tuesday, April 16th. They set an “outperform” rating and a $300.00 price objective for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, NXP Semiconductors currently has an average rating of “Moderate Buy” and a consensus target price of $242.29.

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.