NXP Semiconductors (NASDAQ:NXPI) Stock Position Cut by Great Diamond Partners LLC

Great Diamond Partners LLC trimmed its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 4.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,172 shares of the semiconductor provider’s stock after selling 58 shares during the period. Great Diamond Partners LLC’s holdings in NXP Semiconductors were worth $244,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in NXPI. Crumly & Associates Inc. raised its holdings in NXP Semiconductors by 2.0% during the third quarter. Crumly & Associates Inc. now owns 2,274 shares of the semiconductor provider’s stock worth $546,000 after purchasing an additional 45 shares in the last quarter. Sterling Investment Counsel LLC raised its stake in shares of NXP Semiconductors by 5.7% in 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 in the last quarter. Ascent Group LLC raised its stake in shares of NXP Semiconductors by 0.4% in the 3rd quarter. Ascent Group LLC now owns 12,498 shares of the semiconductor provider’s stock worth $3,000,000 after buying an additional 46 shares in the last quarter. Central Bank & Trust Co. lifted its holdings in shares of NXP Semiconductors by 1.1% in the fourth quarter. Central Bank & Trust Co. now owns 4,412 shares of the semiconductor provider’s stock valued at $917,000 after buying an additional 48 shares during the period. Finally, Patrick M Sweeney & Associates Inc. boosted its stake in NXP Semiconductors by 6.4% during the third quarter. Patrick M Sweeney & Associates Inc. now owns 864 shares of the semiconductor provider’s stock valued at $207,000 after buying an additional 52 shares in the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

NXP Semiconductors Stock Down 1.3 %

NXPI stock opened at $208.55 on Friday. The company has a 50 day moving average of $216.15 and a two-hundred day moving average of $232.59. The company has a market cap of $53.01 billion, a price-to-earnings ratio of 19.90, a PEG ratio of 3.21 and a beta of 1.47. NXP Semiconductors has a 12-month low of $202.25 and a 12-month high of $296.08. The company has a quick ratio of 1.60, a current ratio of 2.35 and a debt-to-equity ratio of 0.99.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data 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 return on equity of 33.57% and a net margin of 20.98%. The business had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.25 billion. During the same period last year, the company earned $3.31 earnings per share. NXP Semiconductors’s quarterly revenue was down 5.4% compared to the same quarter last year. On average, equities analysts anticipate that NXP Semiconductors will post 11.33 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Thursday, December 5th were issued a $1.014 dividend. The ex-dividend date was Thursday, December 5th. This represents a $4.06 dividend on an annualized basis and a yield of 1.94%. NXP Semiconductors’s dividend payout ratio is currently 38.74%.

Analyst Upgrades and Downgrades

NXPI has been the topic of several research reports. Evercore ISI dropped their price target on shares of NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. The Goldman Sachs Group raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and cut their target price for the company from $260.00 to $257.00 in a research note on Friday, January 10th. Barclays decreased their price target on shares of NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Susquehanna cut their price objective on NXP Semiconductors from $250.00 to $235.00 and set a “neutral” rating for the company in a research report on Wednesday, January 22nd. Finally, StockNews.com cut NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $270.85.

About NXP Semiconductors

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.