Ascent Group LLC Has $1.60 Million Holdings in NXP Semiconductors (NASDAQ:NXPI)

Ascent Group LLC decreased its holdings in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 38.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,680 shares of the semiconductor provider's stock after selling 4,818 shares during the period. Ascent Group LLC's holdings in NXP Semiconductors were worth $1,596,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in NXPI. Mutual Advisors LLC acquired a new stake in NXP Semiconductors during the fourth quarter valued at $226,000. Brighton Jones LLC lifted its holdings in shares of NXP Semiconductors by 20.6% during the 4th quarter. Brighton Jones LLC now owns 1,276 shares of the semiconductor provider's stock valued at $265,000 after buying an additional 218 shares during the last quarter. Sound Income Strategies LLC increased its holdings in 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 buying an additional 88 shares during the last quarter. CX Institutional raised its position in NXP Semiconductors by 3.4% during the fourth quarter. CX Institutional now owns 3,476 shares of the semiconductor provider's stock valued at $723,000 after acquiring an additional 114 shares in the last quarter. Finally, Affinity Wealth Management LLC raised its holdings in NXP Semiconductors by 14.1% during the fourth quarter. Affinity Wealth Management LLC now owns 1,103 shares of the semiconductor provider's stock valued at $229,000 after buying an additional 136 shares in the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction on 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 of the company's stock, valued at approximately $1,808,504.08. This trade represents a 10.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.12% of the stock is owned by insiders.

Analysts Set New Price Targets

NXPI has been the topic of several analyst reports. Mizuho increased their price target on NXP Semiconductors from $240.00 to $255.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. JPMorgan Chase & Co. lowered their target price on shares of NXP Semiconductors from $260.00 to $240.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 5th. Morgan Stanley set a $229.00 target price on shares of NXP Semiconductors in a report on Monday, April 21st. Cantor Fitzgerald reissued an "overweight" rating and set a $250.00 target price on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Finally, Barclays lowered their price target on NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Four investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $246.22.

NXP Semiconductors Price Performance

Shares of NXPI stock traded down $6.40 during mid-day trading on Friday, reaching $189.49. The company's stock had a trading volume of 825,035 shares, compared to its average volume of 2,676,391. The firm's 50-day moving average is $187.52 and its two-hundred day moving average is $206.56. The company has a market cap of $47.87 billion, a P/E ratio of 19.45, a PEG ratio of 3.01 and a beta of 1.38. NXP Semiconductors has a 1-year low of $148.09 and a 1-year high of $296.08. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36.

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

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th were paid a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 2.14%. The ex-dividend date was Wednesday, March 19th. NXP Semiconductors's dividend payout ratio is 44.12%.

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.