Buffington Mohr McNeal Sells 6,978 Shares of NXP Semiconductors N.V. (NASDAQ:NXPI)

Buffington Mohr McNeal trimmed its holdings in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 86.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,059 shares of the semiconductor provider's stock after selling 6,978 shares during the period. Buffington Mohr McNeal's holdings in NXP Semiconductors were worth $201,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in NXPI. Sowell Financial Services LLC acquired a new position in NXP Semiconductors in the first quarter valued at about $320,000. Dynamic Advisor Solutions LLC grew its stake in NXP Semiconductors by 15.2% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 5,281 shares of the semiconductor provider's stock valued at $1,004,000 after purchasing an additional 698 shares during the period. Farther Finance Advisors LLC raised its position in shares of NXP Semiconductors by 133.5% in the first quarter. Farther Finance Advisors LLC now owns 2,153 shares of the semiconductor provider's stock valued at $409,000 after purchasing an additional 1,231 shares during the period. BDF Gestion purchased a new stake in NXP Semiconductors in the first quarter worth approximately $1,152,000. Finally, GAMMA Investing LLC boosted its position in shares of NXP Semiconductors by 41.2% during the first quarter. GAMMA Investing LLC now owns 3,072 shares of the semiconductor provider's stock valued at $584,000 after purchasing an additional 896 shares in the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

NXP Semiconductors Stock Up 4.5%

NXP Semiconductors stock opened at $231.15 on Thursday. The business has a 50 day simple moving average of $204.09 and a 200-day simple moving average of $204.74. NXP Semiconductors N.V. has a 12 month low of $148.09 and a 12 month high of $296.08. The stock has a market capitalization of $58.40 billion, a PE ratio of 25.18, a price-to-earnings-growth ratio of 2.76 and a beta of 1.40. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.09 and a quick ratio of 1.47.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its quarterly earnings data 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 return on equity of 29.62% and a net margin of 19.16%. The company had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same period in the previous year, the business earned $3.24 EPS. NXP Semiconductors's quarterly revenue was down 9.3% on a year-over-year basis. On average, analysts anticipate that NXP Semiconductors N.V. will post 10.28 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 25th will be issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend is Wednesday, June 25th. NXP Semiconductors's dividend payout ratio is presently 44.23%.

Wall Street Analysts Forecast Growth

NXPI has been the subject of several analyst reports. Barclays lowered their price objective on NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. UBS Group boosted their target price on NXP Semiconductors from $250.00 to $276.00 and gave the company a "buy" rating in a research report on Wednesday. Wells Fargo & Company increased their price target on NXP Semiconductors from $240.00 to $250.00 and gave the stock an "overweight" rating in a report on Monday, June 16th. Needham & Company LLC dropped their price objective on NXP Semiconductors from $230.00 to $225.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. Finally, Evercore ISI reiterated an "outperform" rating and issued a $289.00 target price (up previously from $237.00) on shares of NXP Semiconductors in a research note on Thursday, June 12th. Four research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $246.22.

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.

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