Cresset Asset Management LLC Has $381,000 Holdings in NXP Semiconductors (NASDAQ:NXPI)

Cresset Asset Management LLC cut its holdings in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 90.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,830 shares of the semiconductor provider's stock after selling 18,204 shares during the quarter. Cresset Asset Management LLC's holdings in NXP Semiconductors were worth $381,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in NXPI. Sound Income Strategies LLC raised its stake in shares of NXP Semiconductors by 169.2% in the fourth quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider's stock worth $29,000 after acquiring an additional 88 shares during the last quarter. Smithfield Trust Co bought a new position in NXP Semiconductors in the 4th quarter worth approximately $32,000. Runnymede Capital Advisors Inc. acquired a new position in NXP Semiconductors during the 4th quarter worth $32,000. Brooklyn Investment Group boosted its position in NXP Semiconductors by 69.5% in the 4th quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider's stock valued at $33,000 after buying an additional 66 shares during the last quarter. Finally, Strategic Financial Concepts LLC bought a new position in NXP Semiconductors in the 4th quarter valued at $46,000. 90.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on NXPI. Morgan Stanley set a $229.00 price target on NXP Semiconductors in a research note on Monday, April 21st. StockNews.com lowered shares of NXP Semiconductors from a "buy" rating to a "hold" rating in a research note on Wednesday, January 29th. Arete Research upgraded shares of NXP Semiconductors to a "strong-buy" rating in a research report on Tuesday, March 25th. Needham & Company LLC cut their price objective on shares of NXP Semiconductors from $230.00 to $225.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. Finally, Barclays lowered their target price on shares of NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Four research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $246.22.

NXP Semiconductors Stock Down 1.0%

Shares of NXPI stock traded down $2.20 during trading hours on Monday, hitting $210.36. 2,108,791 shares of the company were exchanged, compared to its average volume of 2,643,844. The company has a market capitalization of $53.14 billion, a PE ratio of 21.62, a PEG ratio of 3.01 and a beta of 1.38. NXP Semiconductors has a 52 week low of $148.09 and a 52 week high of $296.08. The business has a 50 day moving average of $188.58 and a two-hundred day moving average of $208.27. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.05. The firm had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.83 billion. NXP Semiconductors had a return on equity of 31.45% and a net margin of 19.90%. The company's revenue for the quarter was down 9.3% on a year-over-year basis. During the same quarter last year, the business posted $3.24 EPS. Analysts anticipate that NXP Semiconductors will post 10.28 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th were paid a dividend of $1.014 per share. The ex-dividend date was Wednesday, March 19th. This represents a $4.06 annualized dividend and a dividend yield of 1.93%. NXP Semiconductors's dividend payout ratio is currently 44.12%.

Insider Activity

In related news, COO Andrew Micallef sold 1,000 shares of the stock in a transaction on Monday, March 17th. The shares were 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 owns 8,828 shares in the company, valued at approximately $1,808,504.08. This represents a 10.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.12% of the stock is owned by corporate insiders.

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.