NXP Semiconductors (NASDAQ:NXPI) Shares Bought by Old North State Wealth Management LLC

Old North State Wealth Management LLC increased its holdings in NXP Semiconductors (NASDAQ:NXPI) by 31.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,913 shares of the semiconductor provider’s stock after buying an additional 461 shares during the period. Old North State Wealth Management LLC’s holdings in NXP Semiconductors were worth $398,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of NXPI. State Street Corp grew its holdings in shares of NXP Semiconductors by 1.3% during the third quarter. State Street Corp now owns 10,675,415 shares of the semiconductor provider’s stock valued at $2,572,694,000 after purchasing an additional 139,641 shares during the last quarter. Geode Capital Management LLC lifted its stake in NXP Semiconductors by 1.1% in the third quarter. Geode Capital Management LLC now owns 5,145,932 shares of the semiconductor provider’s stock valued at $1,231,533,000 after buying an additional 57,762 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of NXP Semiconductors by 2.1% during the third quarter. Franklin Resources Inc. now owns 4,459,689 shares of the semiconductor provider’s stock valued at $1,063,322,000 after acquiring an additional 93,129 shares during the period. Van ECK Associates Corp grew its position in shares of NXP Semiconductors by 67.2% during the third quarter. Van ECK Associates Corp now owns 3,041,129 shares of the semiconductor provider’s stock worth $718,680,000 after acquiring an additional 1,222,736 shares during the last quarter. Finally, Janus Henderson Group PLC raised its holdings in NXP Semiconductors by 0.7% during the third quarter. Janus Henderson Group PLC now owns 2,730,933 shares of the semiconductor provider’s stock worth $655,453,000 after purchasing an additional 20,145 shares in the last quarter. Institutional investors own 90.54% of the company’s stock.

Analysts Set New Price Targets

NXPI has been the subject of a number of research reports. StockNews.com lowered NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th. Stifel Nicolaus decreased their price objective on NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating on the stock in a report on Thursday, October 17th. Cantor Fitzgerald restated an “overweight” rating and issued a $250.00 price target on shares of NXP Semiconductors in a research report on Tuesday. The Goldman Sachs Group upgraded NXP Semiconductors from a “neutral” rating to a “buy” rating and lowered their target price for the company from $260.00 to $257.00 in a research note on Friday, January 10th. Finally, TD Cowen dropped their price objective on shares of NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating for the company in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $269.85.

NXP Semiconductors Stock Down 1.1 %

Shares of NXP Semiconductors stock opened at $202.40 on Wednesday. The company has a market capitalization of $51.44 billion, a P/E ratio of 19.31, a price-to-earnings-growth ratio of 3.14 and a beta of 1.46. 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 business has a 50-day moving average of $215.21 and a two-hundred day moving average of $230.83. NXP Semiconductors has a 1 year low of $198.21 and a 1 year high of $296.08.

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

NXP Semiconductors Announces Dividend

The business 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. This represents a $4.06 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend was Thursday, December 5th. NXP Semiconductors’s payout ratio is presently 38.74%.

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.