Logan Capital Management Inc. Cuts Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Logan Capital Management Inc. trimmed its stake in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 9.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,619 shares of the semiconductor provider's stock after selling 1,558 shares during the period. Logan Capital Management Inc.'s holdings in NXP Semiconductors were worth $3,039,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Sound Income Strategies LLC increased its stake in shares of NXP Semiconductors by 169.2% in the 4th quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider's stock worth $29,000 after acquiring an additional 88 shares in the last quarter. Smithfield Trust Co bought a new position in NXP Semiconductors during the 4th quarter valued at approximately $32,000. Runnymede Capital Advisors Inc. purchased a new position in shares of NXP Semiconductors in the 4th quarter worth about $32,000. Brooklyn Investment Group grew its position in NXP Semiconductors by 69.5% during the 4th quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider's stock valued at $33,000 after purchasing an additional 66 shares during the last quarter. Finally, Strategic Financial Concepts LLC bought a new stake in NXP Semiconductors during the 4th quarter valued at about $46,000. Institutional investors own 90.54% of the company's stock.

NXP Semiconductors Trading Up 0.9%

NXP Semiconductors stock traded up $1.83 during mid-day trading on Friday, hitting $212.56. The company's stock had a trading volume of 2,093,686 shares, compared to its average volume of 2,636,443. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36. The company has a 50 day moving average of $188.44 and a 200-day moving average of $209.00. NXP Semiconductors has a one year low of $148.09 and a one year high of $296.08. The stock has a market cap of $53.70 billion, a PE ratio of 21.85, a P/E/G ratio of 3.01 and a beta of 1.38.

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

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 19th were given a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend was Wednesday, March 19th. NXP Semiconductors's dividend payout ratio (DPR) is 44.12%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on NXPI shares. Morgan Stanley set a $229.00 price target on NXP Semiconductors in a research note on Monday, April 21st. Needham & Company LLC decreased their price objective on NXP Semiconductors from $230.00 to $225.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. Arete Research raised shares of NXP Semiconductors to a "strong-buy" rating in a report on Tuesday, March 25th. Barclays reduced their price objective on shares of NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $250.00 price target on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Four investment 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. According to data from MarketBeat, NXP Semiconductors presently has an average rating of "Moderate Buy" and an average price target of $246.22.

Insider Activity

In other news, COO Andrew Micallef sold 1,000 shares of the stock in a transaction that occurred 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 transaction, the chief operating officer now directly owns 8,828 shares in the company, valued at approximately $1,808,504.08. This trade represents a 10.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.11% of the company's stock.

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.