Cary Street Partners Financial LLC Invests $3.06 Million in NXP Semiconductors (NASDAQ:NXPI)

Cary Street Partners Financial LLC bought a new stake in NXP Semiconductors (NASDAQ:NXPI - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 14,699 shares of the semiconductor provider's stock, valued at approximately $3,055,000.

Several other institutional investors also recently added to or reduced their stakes in NXPI. Norges Bank acquired a new position in NXP Semiconductors during the 4th quarter valued at $672,224,000. Van ECK Associates Corp grew its position in NXP Semiconductors by 27.1% during the fourth quarter. Van ECK Associates Corp now owns 3,865,446 shares of the semiconductor provider's stock worth $803,432,000 after buying an additional 824,317 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in NXP Semiconductors by 1,172.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 555,189 shares of the semiconductor provider's stock valued at $115,396,000 after acquiring an additional 511,553 shares during the period. Pictet Asset Management Holding SA lifted its position in shares of NXP Semiconductors by 14.0% in the 4th quarter. Pictet Asset Management Holding SA now owns 4,086,294 shares of the semiconductor provider's stock worth $849,336,000 after acquiring an additional 500,413 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of NXP Semiconductors by 36.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,552,802 shares of the semiconductor provider's stock valued at $322,764,000 after purchasing an additional 414,932 shares during the period. 90.54% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, COO Andrew Micallef sold 1,000 shares of the business's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $204.86, for a total transaction of $204,860.00. Following the completion of the transaction, the chief operating officer now directly owns 8,828 shares in the company, valued at approximately $1,808,504.08. The trade was a 10.18 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.11% of the stock is owned by insiders.

NXP Semiconductors Trading Down 1.7 %

NXPI stock opened at $184.95 on Tuesday. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. NXP Semiconductors has a twelve month low of $148.09 and a twelve month high of $296.08. The company has a market cap of $46.91 billion, a P/E ratio of 19.01, a PEG ratio of 3.01 and a beta of 1.40. The business has a fifty day moving average of $191.07 and a 200-day moving average of $210.79.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The semiconductor provider reported $2.64 EPS for the quarter, topping the consensus estimate of $2.59 by $0.05. NXP Semiconductors had a net margin of 19.90% and a return on equity of 31.45%. The company had revenue of $2.84 billion during the quarter, compared to analysts' expectations of $2.83 billion. During the same quarter in the previous year, the company earned $3.24 EPS. NXP Semiconductors's revenue was down 9.3% on a year-over-year basis. As a group, equities research analysts expect that NXP Semiconductors will post 10.28 EPS for the current year.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th were given a $1.014 dividend. The ex-dividend date was Wednesday, March 19th. This represents a $4.06 annualized dividend and a dividend yield of 2.19%. NXP Semiconductors's dividend payout ratio is currently 44.12%.

Analysts Set New Price Targets

A number of research firms recently weighed in on NXPI. The Goldman Sachs Group reissued a "buy" rating on shares of NXP Semiconductors in a research note on Tuesday, February 4th. JPMorgan Chase & Co. cut their target price on NXP Semiconductors from $260.00 to $240.00 and set a "neutral" rating for the company in a research report on Wednesday, February 5th. Morgan Stanley set a $229.00 price target on NXP Semiconductors in a research report on Monday, April 21st. Stifel Nicolaus cut their price objective on NXP Semiconductors from $210.00 to $170.00 and set a "hold" rating for the company in a report on Thursday, April 17th. Finally, UBS Group lowered their target price on shares of NXP Semiconductors from $265.00 to $250.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Four analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $250.37.

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.

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