Greenfield Savings Bank Buys New Shares in NXP Semiconductors (NASDAQ:NXPI)

Greenfield Savings Bank bought a new stake in NXP Semiconductors (NASDAQ:NXPI) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,246 shares of the semiconductor provider’s stock, valued at approximately $259,000.

Several other institutional investors also recently bought and sold shares of NXPI. Federated Hermes Inc. grew its stake in NXP Semiconductors by 33.5% during the second quarter. Federated Hermes Inc. now owns 1,617 shares of the semiconductor provider’s stock worth $435,000 after buying an additional 406 shares during the period. Wealthspire Advisors LLC boosted its stake in shares of NXP Semiconductors by 4.1% in the second quarter. Wealthspire Advisors LLC now owns 1,530 shares of the semiconductor provider’s stock valued at $412,000 after purchasing an additional 60 shares during the period. Oppenheimer Asset Management Inc. boosted its stake in shares of NXP Semiconductors by 11.8% in the second quarter. Oppenheimer Asset Management Inc. now owns 29,004 shares of the semiconductor provider’s stock valued at $7,805,000 after purchasing an additional 3,059 shares during the period. Envestnet Asset Management Inc. raised its holdings in NXP Semiconductors by 2.4% in the second quarter. Envestnet Asset Management Inc. now owns 435,567 shares of the semiconductor provider’s stock valued at $117,207,000 after acquiring an additional 10,142 shares in the last quarter. Finally, Brown Brothers Harriman & Co. raised its holdings in NXP Semiconductors by 3,072.5% in the second quarter. Brown Brothers Harriman & Co. now owns 3,807 shares of the semiconductor provider’s stock valued at $1,024,000 after acquiring an additional 3,687 shares in the last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NXPI. Barclays dropped their price objective on shares of NXP Semiconductors from $330.00 to $280.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. Stifel Nicolaus lowered their target price on shares of NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating on the stock in a research note on Thursday, October 17th. Needham & Company LLC lowered their target price on shares of NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. StockNews.com cut shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Monday. Finally, UBS Group lowered their target price on shares of NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $273.19.

NXP Semiconductors Stock Performance

NXP Semiconductors stock opened at $206.83 on Tuesday. The company has a current ratio of 2.35, a quick ratio of 1.60 and a debt-to-equity ratio of 0.99. NXP Semiconductors has a 1 year low of $201.58 and a 1 year high of $296.08. The company has a market cap of $52.57 billion, a PE ratio of 19.74, a PEG ratio of 4.37 and a beta of 1.47. The company’s 50-day moving average is $219.02 and its two-hundred day moving average is $237.50.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, topping analysts’ consensus estimates of $3.43 by $0.02. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The firm had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.25 billion. During the same quarter in the prior year, the firm posted $3.31 EPS. The business’s revenue was down 5.4% on a year-over-year basis. Equities analysts anticipate that NXP Semiconductors will post 11.33 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th were issued a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend was Thursday, December 5th. NXP Semiconductors’s dividend payout ratio is 38.65%.

About NXP Semiconductors

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.