GraniteShares Advisors LLC Takes Position in NXP Semiconductors (NASDAQ:NXPI)

GraniteShares Advisors LLC acquired a new stake in NXP Semiconductors (NASDAQ:NXPI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,697 shares of the semiconductor provider's stock, valued at approximately $849,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. IMPACTfolio LLC raised its position in shares of NXP Semiconductors by 4.3% during the 4th quarter. IMPACTfolio LLC now owns 1,189 shares of the semiconductor provider's stock valued at $273,000 after acquiring an additional 49 shares in the last quarter. Northwest Investment Counselors LLC grew its position in NXP Semiconductors by 12.1% in the 3rd quarter. Northwest Investment Counselors LLC now owns 462 shares of the semiconductor provider's stock worth $92,000 after purchasing an additional 50 shares during the last quarter. Financial Management Professionals Inc. boosted its position in shares of NXP Semiconductors by 4.3% during the fourth quarter. Financial Management Professionals Inc. now owns 1,220 shares of the semiconductor provider's stock worth $280,000 after buying an additional 50 shares during the period. Windsor Capital Management LLC grew its holdings in NXP Semiconductors by 1.8% in the 4th quarter. Windsor Capital Management LLC now owns 3,034 shares of the semiconductor provider's stock worth $697,000 after buying an additional 55 shares in the last quarter. Finally, Central Bank & Trust Co. raised its stake in NXP Semiconductors by 1.2% during the 4th quarter. Central Bank & Trust Co. now owns 4,533 shares of the semiconductor provider's stock valued at $1,041,000 after acquiring an additional 55 shares in the last quarter. 90.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

NXPI has been the subject of several recent analyst reports. Stifel Nicolaus increased their price objective on shares of NXP Semiconductors from $190.00 to $210.00 and gave the company a "hold" rating in a report on Tuesday, January 2nd. JPMorgan Chase & Co. upped their target price on NXP Semiconductors from $220.00 to $240.00 and gave the company a "neutral" rating in a report on Wednesday, February 7th. TD Cowen increased their price target on NXP Semiconductors from $270.00 to $300.00 and gave the company an "outperform" rating in a research report on Tuesday, March 12th. Evercore ISI assumed coverage on NXP Semiconductors in a report on Tuesday. They set an "outperform" rating and a $300.00 price objective on the stock. 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 assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $242.29.

NXP Semiconductors Stock Performance

Shares of NXPI stock traded up $0.57 during mid-day trading on Tuesday, reaching $230.68. The stock had a trading volume of 1,652,686 shares, compared to its average volume of 2,314,250. The firm has a market cap of $59.16 billion, a PE ratio of 21.49, a P/E/G ratio of 0.88 and a beta of 1.59. 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 one year low of $155.31 and a one year high of $264.26. The firm's 50 day simple moving average is $241.66 and its 200 day simple moving average is $218.13.

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

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Thursday, March 21st were issued a $1.014 dividend. The ex-dividend date was Wednesday, March 20th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.76%. NXP Semiconductors's payout ratio is presently 37.91%.

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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