NXP Semiconductors (NASDAQ:NXPI) Stock Holdings Decreased by Washington Capital Management Inc.

Washington Capital Management Inc. lessened its position in NXP Semiconductors (NASDAQ:NXPI) by 3.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,160 shares of the semiconductor provider’s stock after selling 120 shares during the quarter. Washington Capital Management Inc.’s holdings in NXP Semiconductors were worth $657,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NXPI. GDS Wealth Management grew its holdings in shares of NXP Semiconductors by 7.7% during the third quarter. GDS Wealth Management now owns 55,740 shares of the semiconductor provider’s stock valued at $13,378,000 after buying an additional 3,985 shares in the last quarter. HITE Hedge Asset Management LLC purchased a new position in NXP Semiconductors during the 3rd quarter valued at about $13,445,000. Merit Financial Group LLC acquired a new position in shares of NXP Semiconductors in the 4th quarter valued at about $360,000. Banque Cantonale Vaudoise boosted its holdings in shares of NXP Semiconductors by 60.2% during the third quarter. Banque Cantonale Vaudoise now owns 25,850 shares of the semiconductor provider’s stock worth $6,204,000 after purchasing an additional 9,710 shares during the period. Finally, Principal Financial Group Inc. increased its stake in NXP Semiconductors by 1.9% in the 3rd quarter. Principal Financial Group Inc. now owns 303,895 shares of the semiconductor provider’s stock valued at $72,938,000 after buying an additional 5,722 shares during the period. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Stock Down 0.2 %

NXPI opened at $213.01 on Thursday. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.35 and a quick ratio of 1.60. The firm’s fifty day moving average price is $216.55 and its two-hundred day moving average price is $232.88. The company has a market capitalization of $54.14 billion, a P/E ratio of 20.33, a P/E/G ratio of 3.25 and a beta of 1.47. NXP Semiconductors has a fifty-two week low of $202.25 and a fifty-two week high of $296.08.

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

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th were given 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 yield of 1.90%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 38.74%.

Analyst Ratings Changes

Several research firms have recently commented on NXPI. Susquehanna lowered their price target on shares of NXP Semiconductors from $250.00 to $235.00 and set a “neutral” rating on the stock in a report on Wednesday, January 22nd. Wells Fargo & Company began coverage on NXP Semiconductors in a report on Friday, November 22nd. They set an “overweight” rating and a $250.00 price target for the company. Loop Capital began coverage on shares of NXP Semiconductors in a research report on Monday, November 11th. They set a “buy” rating and a $300.00 price objective on the stock. Cantor Fitzgerald reiterated an “overweight” rating and issued a $270.00 target price on shares of NXP Semiconductors in a research note on Monday, November 4th. Finally, The Goldman Sachs Group upgraded shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $260.00 to $257.00 in a research note on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and a consensus target price of $270.85.

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.