Johnson Investment Counsel Inc. Has $294,000 Position in NXP Semiconductors N.V. (NASDAQ:NXPI)

Johnson Investment Counsel Inc. reduced its stake in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 55.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,547 shares of the semiconductor provider's stock after selling 1,919 shares during the quarter. Johnson Investment Counsel Inc.'s holdings in NXP Semiconductors were worth $294,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Runnymede Capital Advisors Inc. bought a new position in NXP Semiconductors in the fourth quarter valued at approximately $32,000. Smithfield Trust Co acquired a new stake in shares of NXP Semiconductors in the 4th quarter valued at approximately $32,000. Ameriflex Group Inc. bought a new position in shares of NXP Semiconductors in the fourth quarter valued at $44,000. GoalVest Advisory LLC grew its stake in shares of NXP Semiconductors by 472.9% in the first quarter. GoalVest Advisory LLC now owns 275 shares of the semiconductor provider's stock valued at $52,000 after buying an additional 227 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC increased its holdings in NXP Semiconductors by 377.9% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 411 shares of the semiconductor provider's stock worth $85,000 after buying an additional 325 shares during the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NXPI has been the subject of a number of recent analyst reports. Stifel Nicolaus cut their price target on shares of NXP Semiconductors from $210.00 to $170.00 and set a "hold" rating for the company in a research note on Thursday, April 17th. TD Cowen raised their target price on shares of NXP Semiconductors from $185.00 to $210.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Barclays reduced their price target on NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Evercore ISI restated an "outperform" rating and issued a $289.00 price objective (up previously from $237.00) on shares of NXP Semiconductors in a research note on Thursday, June 12th. Finally, Citigroup cut their price objective on NXP Semiconductors from $290.00 to $220.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Four analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, NXP Semiconductors presently has a consensus rating of "Moderate Buy" and an average target price of $244.78.

NXP Semiconductors Stock Performance

Shares of NXP Semiconductors stock opened at $209.00 on Monday. The company has a current ratio of 2.09, a quick ratio of 1.47 and a debt-to-equity ratio of 1.10. The company has a market cap of $52.80 billion, a PE ratio of 22.77, a price-to-earnings-growth ratio of 2.61 and a beta of 1.39. The company has a 50 day moving average of $196.64 and a 200-day moving average of $204.54. NXP Semiconductors N.V. has a 1-year low of $148.09 and a 1-year high of $296.08.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its earnings results on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share 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 firm had revenue of $2.84 billion during the quarter, compared to analysts' expectations of $2.83 billion. During the same period in the prior year, the company earned $3.24 earnings per share. The company's quarterly revenue was down 9.3% on a year-over-year basis. As a group, equities research analysts forecast that NXP Semiconductors N.V. will post 10.28 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th will be given a $1.014 dividend. The ex-dividend date is Wednesday, June 25th. This represents a $4.06 dividend on an annualized basis and a yield of 1.94%. NXP Semiconductors's dividend payout ratio is currently 44.23%.

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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