DAVENPORT & Co LLC Has $4.31 Million Holdings in NXP Semiconductors (NASDAQ:NXPI)

DAVENPORT & Co LLC lowered its holdings in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 22.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,770 shares of the semiconductor provider's stock after selling 5,449 shares during the period. DAVENPORT & Co LLC's holdings in NXP Semiconductors were worth $4,311,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Operose Advisors LLC acquired a new stake in shares of NXP Semiconductors in the 3rd quarter worth $26,000. Live Oak Investment Partners acquired a new stake in shares of NXP Semiconductors in the 4th quarter worth $26,000. Fortis Capital Advisors LLC acquired a new stake in shares of NXP Semiconductors in the 4th quarter worth $27,000. BluePath Capital Management LLC acquired a new stake in shares of NXP Semiconductors in the 3rd quarter worth $28,000. Finally, First Capital Advisors Group LLC. purchased a new position in shares of NXP Semiconductors in the 2nd quarter valued at about $35,000. Institutional investors and hedge funds own 90.54% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NXPI. Oppenheimer increased their price target on shares of NXP Semiconductors from $220.00 to $250.00 and gave the company an "outperform" rating in a report on Thursday, February 1st. Cantor Fitzgerald reiterated an "overweight" rating and issued a $270.00 price target on shares of NXP Semiconductors in a report on Monday, March 4th. TD Cowen increased their price target on shares of NXP Semiconductors from $270.00 to $300.00 and gave the company an "outperform" rating in a report on Tuesday, March 12th. Mizuho increased their price target on shares of NXP Semiconductors from $220.00 to $225.00 and gave the company a "neutral" rating in a report on Wednesday, February 7th. Finally, Wolfe Research upgraded shares of NXP Semiconductors from a "peer perform" rating to an "outperform" rating and set a $255.00 target price for the company in a report on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $238.75.

NXP Semiconductors Trading Up 0.8 %

Shares of NXPI traded up $1.84 during mid-day trading on Friday, hitting $241.01. The company had a trading volume of 1,617,366 shares, compared to its average volume of 2,359,460. The business's 50-day simple moving average is $238.07 and its 200-day simple moving average is $215.71. The company has a quick ratio of 1.39, a current ratio of 1.91 and a debt-to-equity ratio of 1.14. NXP Semiconductors has a 1-year low of $155.31 and a 1-year high of $264.26. The stock has a market cap of $61.81 billion, a PE ratio of 22.33, a P/E/G ratio of 0.92 and a beta of 1.59.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its earnings results on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.33 by $0.04. NXP Semiconductors had a net margin of 21.07% and a return on equity of 38.94%. The business had revenue of $3.42 billion for the quarter, compared to analysts' expectations of $3.40 billion. Sell-side analysts forecast that NXP Semiconductors will post 12.28 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 10th. Investors of record on Thursday, March 21st will be given a $1.014 dividend. The ex-dividend date of this dividend is Wednesday, March 20th. This represents a $4.06 annualized dividend and a dividend yield of 1.68%. NXP Semiconductors's dividend payout ratio is presently 37.82%.

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.