CWA Asset Management Group LLC Sells 1,305 Shares of NXP Semiconductors N.V. (NASDAQ:NXPI)

CWA Asset Management Group LLC reduced its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 5.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,920 shares of the semiconductor provider's stock after selling 1,305 shares during the period. CWA Asset Management Group LLC's holdings in NXP Semiconductors were worth $4,166,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in NXPI. Parkside Financial Bank & Trust grew its stake in NXP Semiconductors by 9.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 573 shares of the semiconductor provider's stock worth $119,000 after buying an additional 51 shares during the last quarter. Private Trust Co. NA boosted its holdings in shares of NXP Semiconductors by 5.8% in the 4th quarter. Private Trust Co. NA now owns 968 shares of the semiconductor provider's stock worth $201,000 after acquiring an additional 53 shares in the last quarter. J. W. Coons Advisors LLC grew its position in NXP Semiconductors by 2.1% during the 4th quarter. J. W. Coons Advisors LLC now owns 2,972 shares of the semiconductor provider's stock worth $618,000 after acquiring an additional 60 shares during the last quarter. Kestra Investment Management LLC increased its holdings in NXP Semiconductors by 7.2% during the 4th quarter. Kestra Investment Management LLC now owns 904 shares of the semiconductor provider's stock valued at $188,000 after purchasing an additional 61 shares in the last quarter. Finally, Keel Point LLC raised its position in NXP Semiconductors by 4.7% in the 4th quarter. Keel Point LLC now owns 1,414 shares of the semiconductor provider's stock valued at $294,000 after purchasing an additional 64 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. TD Cowen raised their target price on NXP Semiconductors from $185.00 to $210.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Wells Fargo & Company upped their target price on shares of NXP Semiconductors from $240.00 to $250.00 and gave the stock an "overweight" rating in a research report on Monday. Evercore ISI reissued an "outperform" rating and issued a $289.00 price target (up previously from $237.00) on shares of NXP Semiconductors in a report on Thursday, June 12th. UBS Group reduced their price objective on NXP Semiconductors from $265.00 to $250.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Finally, Mizuho lifted their target price on NXP Semiconductors from $240.00 to $255.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Four investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, NXP Semiconductors has an average rating of "Moderate Buy" and an average target price of $244.78.

NXP Semiconductors Stock Down 2.2%

NXPI opened at $212.83 on Wednesday. The stock's fifty day simple moving average is $194.40 and its 200 day simple moving average is $205.00. NXP Semiconductors N.V. has a 1-year low of $148.09 and a 1-year high of $296.08. The stock has a market cap of $53.77 billion, a PE ratio of 23.18, a price-to-earnings-growth ratio of 2.71 and a beta of 1.39. The company has a current ratio of 2.09, a quick ratio of 1.47 and a debt-to-equity ratio of 1.10.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced its 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. The business had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.83 billion. NXP Semiconductors had a net margin of 19.16% and a return on equity of 29.62%. NXP Semiconductors's revenue was down 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.24 EPS. As a group, research analysts expect that NXP Semiconductors N.V. will post 10.28 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Wednesday, June 25th will be given a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend is Wednesday, June 25th. NXP Semiconductors's payout ratio is currently 44.23%.

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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