CCLA Investment Management raised its position in shares of NXP Semiconductors (NASDAQ:NXPI – Free Report) by 21.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 538,965 shares of the semiconductor provider’s stock after buying an additional 94,030 shares during the quarter. CCLA Investment Management owned about 0.21% of NXP Semiconductors worth $112,023,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC grew its holdings in shares of NXP Semiconductors by 915.4% during the fourth quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock valued at $27,000 after purchasing an additional 119 shares during the last quarter. FSA Wealth Management LLC bought a new position in shares of NXP Semiconductors in the third quarter worth $33,000. Fortitude Family Office LLC increased its holdings in shares of NXP Semiconductors by 52.4% during the fourth quarter. Fortitude Family Office LLC now owns 218 shares of the semiconductor provider’s stock valued at $45,000 after purchasing an additional 75 shares during the period. Avior Wealth Management LLC raised its stake in shares of NXP Semiconductors by 182.1% during the third quarter. Avior Wealth Management LLC now owns 220 shares of the semiconductor provider’s stock valued at $53,000 after purchasing an additional 142 shares in the last quarter. Finally, GHP Investment Advisors Inc. acquired a new stake in NXP Semiconductors in the third quarter worth about $58,000. Institutional investors and hedge funds own 90.54% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms have commented on NXPI. The Goldman Sachs Group raised shares of 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. Loop Capital began coverage on NXP Semiconductors in a report on Monday, November 11th. They set a “buy” rating and a $300.00 target price on the stock. Evercore ISI lowered their price target on NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. StockNews.com lowered NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Monday. Finally, Morgan Stanley lowered their target price 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. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $273.19.
NXP Semiconductors Trading Up 1.8 %
Shares of NASDAQ NXPI opened at $210.63 on Wednesday. The firm has a market capitalization of $53.53 billion, a PE ratio of 20.10, a PEG ratio of 4.37 and a beta of 1.47. NXP Semiconductors has a one year low of $201.58 and a one year high of $296.08. The company has a current ratio of 2.35, a quick ratio of 1.60 and a debt-to-equity ratio of 0.99. The business has a 50-day moving average price of $218.74 and a two-hundred day moving average price of $237.09.
NXP Semiconductors (NASDAQ:NXPI – Get Free Report) last released its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, beating the consensus estimate of $3.43 by $0.02. The firm had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.25 billion. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The company’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.31 EPS. As a group, analysts predict that NXP Semiconductors will post 11.33 earnings per share for the current fiscal year.
NXP Semiconductors Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders 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 yield of 1.93%. NXP Semiconductors’s dividend payout ratio (DPR) is currently 38.65%.
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.
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