Hunter Associates Investment Management LLC Raises Stake in NXP Semiconductors (NASDAQ:NXPI)

Hunter Associates Investment Management LLC lifted its position in NXP Semiconductors (NASDAQ:NXPI) by 0.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 20,060 shares of the semiconductor provider’s stock after buying an additional 61 shares during the period. Hunter Associates Investment Management LLC’s holdings in NXP Semiconductors were worth $4,180,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of NXPI. Crumly & Associates Inc. increased its stake in NXP Semiconductors by 2.0% during the 3rd quarter. Crumly & Associates Inc. now owns 2,274 shares of the semiconductor provider’s stock worth $546,000 after buying an additional 45 shares in the last quarter. Sterling Investment Counsel LLC grew its stake in NXP Semiconductors by 5.7% during the 3rd quarter. Sterling Investment Counsel LLC now owns 850 shares of the semiconductor provider’s stock worth $204,000 after buying an additional 46 shares during the last quarter. Ascent Group LLC increased its holdings in shares of NXP Semiconductors by 0.4% in the third quarter. Ascent Group LLC now owns 12,498 shares of the semiconductor provider’s stock valued at $3,000,000 after purchasing an additional 46 shares during the period. Central Bank & Trust Co. raised its position in NXP Semiconductors by 1.1% in the fourth quarter. Central Bank & Trust Co. now owns 4,412 shares of the semiconductor provider’s stock worth $917,000 after acquiring an additional 48 shares in the last quarter. Finally, Patrick M Sweeney & Associates Inc. grew its stake in NXP Semiconductors by 6.4% in the 3rd quarter. Patrick M Sweeney & Associates Inc. now owns 864 shares of the semiconductor provider’s stock valued at $207,000 after acquiring an additional 52 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Stock Performance

Shares of NXPI opened at $211.39 on Friday. The firm’s 50 day moving average price is $216.41 and its two-hundred day moving average price is $232.74. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.60 and a current ratio of 2.35. NXP Semiconductors has a twelve month low of $202.25 and a twelve month high of $296.08. The firm has a market cap of $53.73 billion, a P/E ratio of 20.17, a PEG ratio of 3.21 and a beta of 1.47.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 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 business had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.25 billion. During the same quarter in the prior year, the company posted $3.31 earnings per share. The firm’s revenue was down 5.4% on a year-over-year basis. On average, analysts forecast that NXP Semiconductors will post 11.33 EPS for the current fiscal 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 dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.92%. The ex-dividend date was Thursday, December 5th. NXP Semiconductors’s dividend payout ratio (DPR) is currently 38.74%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Truist Financial dropped their price target on shares of NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. 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. Citic Securities initiated coverage on NXP Semiconductors in a report on Friday, October 11th. They set a $288.00 price target on the stock. Loop Capital started coverage on NXP Semiconductors in a report on Monday, November 11th. They issued a “buy” rating and a $300.00 target price for the company. Finally, Morgan Stanley lowered their price target on shares of NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, NXP Semiconductors currently has an average rating of “Moderate Buy” and an average target price of $270.85.

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.