Confluence Wealth Services Inc. Buys 372 Shares of NXP Semiconductors (NASDAQ:NXPI)

Confluence Wealth Services Inc. increased its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 9.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 4,168 shares of the semiconductor provider’s stock after buying an additional 372 shares during the period. Confluence Wealth Services Inc.’s holdings in NXP Semiconductors were worth $916,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of NXPI. GDS Wealth Management lifted 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 worth $13,378,000 after buying an additional 3,985 shares in the last quarter. HITE Hedge Asset Management LLC bought a new position in NXP Semiconductors during the third quarter worth about $13,445,000. Merit Financial Group LLC acquired a new stake in NXP Semiconductors in the 4th quarter worth about $360,000. Banque Cantonale Vaudoise boosted its holdings in NXP Semiconductors by 60.2% in the 3rd quarter. Banque Cantonale Vaudoise now owns 25,850 shares of the semiconductor provider’s stock valued at $6,204,000 after purchasing an additional 9,710 shares during the period. Finally, Austin Private Wealth LLC grew its position in shares of NXP Semiconductors by 140.6% during the 4th quarter. Austin Private Wealth LLC now owns 3,198 shares of the semiconductor provider’s stock worth $665,000 after purchasing an additional 1,869 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Trading Up 5.4 %

NASDAQ NXPI opened at $213.24 on Thursday. The company has a market cap of $54.20 billion, a price-to-earnings ratio of 20.35, a price-to-earnings-growth ratio of 3.14 and a beta of 1.46. NXP Semiconductors has a twelve month low of $198.21 and a twelve 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. The business’s fifty day moving average is $214.68 and its 200 day moving average is $230.36.

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 analysts’ consensus estimates of $3.43 by $0.02. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The firm had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.25 billion. During the same period last year, the firm posted $3.31 earnings per share. The business’s revenue for the quarter was down 5.4% on a year-over-year basis. As a group, sell-side analysts expect that NXP Semiconductors will post 11.33 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th were issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date was Thursday, December 5th. NXP Semiconductors’s payout ratio is 41.62%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Citic Securities initiated coverage on shares of NXP Semiconductors in a research report on Friday, October 11th. They issued a $288.00 price target for the company. StockNews.com cut NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Wednesday, January 29th. UBS Group reduced their target price on NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. The Goldman Sachs Group raised NXP Semiconductors from a “neutral” rating to a “buy” rating and dropped their price target for the company from $260.00 to $257.00 in a research note on Friday, January 10th. Finally, Oppenheimer reduced their price objective on shares of NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $263.15.

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.