Cary Street Partners Investment Advisory LLC Decreases Stake in NXP Semiconductors (NASDAQ:NXPI)

Cary Street Partners Investment Advisory LLC lessened its stake in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 87.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,873 shares of the semiconductor provider's stock after selling 13,340 shares during the period. Cary Street Partners Investment Advisory LLC's holdings in NXP Semiconductors were worth $427,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in NXPI. International Assets Investment Management LLC grew its position in NXP Semiconductors by 21,013.6% in the 4th quarter. International Assets Investment Management LLC now owns 515,172 shares of the semiconductor provider's stock worth $118,325,000 after purchasing an additional 512,732 shares during the period. Bahl & Gaynor Inc. bought a new stake in NXP Semiconductors in the 3rd quarter worth approximately $59,273,000. Northern Trust Corp grew its position in NXP Semiconductors by 10.9% in the 3rd quarter. Northern Trust Corp now owns 2,154,213 shares of the semiconductor provider's stock worth $430,670,000 after purchasing an additional 211,927 shares during the period. Toronto Dominion Bank purchased a new position in shares of NXP Semiconductors during the 3rd quarter worth $41,270,000. Finally, Van ECK Associates Corp boosted its stake in shares of NXP Semiconductors by 15.9% during the 4th quarter. Van ECK Associates Corp now owns 1,319,509 shares of the semiconductor provider's stock worth $303,065,000 after acquiring an additional 180,999 shares during the last quarter. Institutional investors own 90.54% of the company's stock.

NXP Semiconductors Price Performance

NXPI stock traded down $6.76 during mid-day trading on Wednesday, hitting $249.43. The company had a trading volume of 3,538,397 shares, compared to its average volume of 2,400,691. The company has a market capitalization of $63.88 billion, a price-to-earnings ratio of 23.03, a P/E/G ratio of 0.94 and a beta of 1.59. NXP Semiconductors has a 12-month low of $161.23 and a 12-month high of $264.26. The company has a quick ratio of 1.39, a current ratio of 1.91 and a debt-to-equity ratio of 1.14. The company has a 50-day moving average price of $242.28 and a 200 day moving average price of $220.92.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced its quarterly 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. The business had revenue of $3.42 billion for the quarter, compared to analysts' expectations of $3.40 billion. NXP Semiconductors had a net margin of 21.24% and a return on equity of 38.32%. On average, research analysts anticipate that NXP Semiconductors will post 12.21 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The firm 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 1.63%. NXP Semiconductors's dividend payout ratio (DPR) is presently 37.49%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on NXPI shares. Needham & Company LLC lifted their price target on shares of NXP Semiconductors from $250.00 to $280.00 and gave the stock a "buy" rating in a research note on Wednesday. JPMorgan Chase & Co. lifted their price target on shares of NXP Semiconductors from $240.00 to $280.00 and gave the stock a "neutral" rating in a research note on Wednesday. Stifel Nicolaus lifted their price target on shares of NXP Semiconductors from $190.00 to $210.00 and gave the stock a "hold" rating in a research note on Tuesday, January 2nd. Cantor Fitzgerald reiterated an "overweight" rating and set a $290.00 price target on shares of NXP Semiconductors in a research note on Tuesday. Finally, TD Cowen lifted their price target on shares of NXP Semiconductors from $270.00 to $300.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 12th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $257.72.

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.