NXP Semiconductors (NASDAQ:NXPI) Stock Position Increased by CX Institutional

CX Institutional boosted its position in NXP Semiconductors (NASDAQ:NXPI) by 3.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,476 shares of the semiconductor provider’s stock after purchasing an additional 114 shares during the period. CX Institutional’s holdings in NXP Semiconductors were worth $723,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sound Income Strategies LLC raised its position in NXP Semiconductors by 169.2% in the fourth quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock worth $29,000 after acquiring an additional 88 shares in the last quarter. Brighton Jones LLC grew its position in NXP Semiconductors by 20.6% in the fourth quarter. Brighton Jones LLC now owns 1,276 shares of the semiconductor provider’s stock worth $265,000 after buying an additional 218 shares during the last quarter. Montecito Bank & Trust boosted its stake in shares of NXP Semiconductors by 14.7% during the 4th quarter. Montecito Bank & Trust now owns 1,365 shares of the semiconductor provider’s stock worth $284,000 after acquiring an additional 175 shares in the last quarter. Cerro Pacific Wealth Advisors LLC boosted its position in shares of NXP Semiconductors by 9.0% in the 4th quarter. Cerro Pacific Wealth Advisors LLC now owns 947 shares of the semiconductor provider’s stock valued at $197,000 after purchasing an additional 78 shares during the period. Finally, Cardinal Capital Management Inc. lifted its stake in NXP Semiconductors by 3.1% during the fourth quarter. Cardinal Capital Management Inc. now owns 103,320 shares of the semiconductor provider’s stock valued at $21,475,000 after buying an additional 3,135 shares in the last quarter. 90.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Needham & Company LLC reduced their price target on shares of NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Morgan Stanley lowered their price target on NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 6th. Cantor Fitzgerald reissued an “overweight” rating and issued a $270.00 price objective on shares of NXP Semiconductors in a research note on Monday, November 4th. Evercore ISI dropped their target price on NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Finally, Wells Fargo & Company started coverage on shares of NXP Semiconductors in a research report on Friday, November 22nd. They set an “overweight” rating and a $250.00 price objective on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $270.85.

NXP Semiconductors Stock Down 2.9 %

NXPI opened at $213.43 on Friday. NXP Semiconductors has a 1-year low of $202.25 and a 1-year high of $296.08. The business has a 50 day moving average of $216.79 and a 200-day moving average of $234.39. The stock has a market capitalization of $54.25 billion, a price-to-earnings ratio of 20.37, a P/E/G ratio of 3.25 and a beta of 1.47. 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 (NASDAQ:NXPI) last posted its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.43 by $0.02. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The company had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.25 billion. During the same period last year, the business posted $3.31 EPS. The business’s quarterly revenue was down 5.4% on a year-over-year basis. As a group, sell-side analysts anticipate that NXP Semiconductors will post 11.33 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Thursday, December 5th were paid a $1.014 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.90%. NXP Semiconductors’s payout ratio is 38.74%.

NXP Semiconductors Company 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.