Newbridge Financial Services Group Inc. Has $264,000 Holdings in NXP Semiconductors (NASDAQ:NXPI)

Newbridge Financial Services Group Inc. reduced its stake in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 89.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,065 shares of the semiconductor provider's stock after selling 8,902 shares during the quarter. Newbridge Financial Services Group Inc.'s holdings in NXP Semiconductors were worth $264,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Allworth Financial LP increased its holdings in NXP Semiconductors by 39.5% in the 3rd quarter. Allworth Financial LP now owns 1,297 shares of the semiconductor provider's stock valued at $259,000 after buying an additional 367 shares during the period. FDx Advisors Inc. increased its holdings in NXP Semiconductors by 57.3% in the 3rd quarter. FDx Advisors Inc. now owns 5,408 shares of the semiconductor provider's stock valued at $1,081,000 after buying an additional 1,969 shares during the period. Pittenger & Anderson Inc. increased its holdings in NXP Semiconductors by 12.4% in the 3rd quarter. Pittenger & Anderson Inc. now owns 11,580 shares of the semiconductor provider's stock valued at $2,315,000 after buying an additional 1,275 shares during the period. Principal Financial Group Inc. grew its holdings in shares of NXP Semiconductors by 13.0% in the 3rd quarter. Principal Financial Group Inc. now owns 326,882 shares of the semiconductor provider's stock worth $65,350,000 after purchasing an additional 37,554 shares during the last quarter. Finally, California Public Employees Retirement System grew its holdings in shares of NXP Semiconductors by 2.2% in the 3rd quarter. California Public Employees Retirement System now owns 522,377 shares of the semiconductor provider's stock worth $104,434,000 after purchasing an additional 11,205 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on NXPI shares. UBS Group upped their target price on shares of NXP Semiconductors from $230.00 to $270.00 and gave the stock a "neutral" rating in a report on Wednesday, May 1st. Jefferies Financial Group started coverage on shares of NXP Semiconductors in a report on Monday, May 13th. They issued a "buy" rating and a $325.00 target price on the stock. StockNews.com raised shares of NXP Semiconductors from a "hold" rating to a "buy" rating in a report on Wednesday, May 8th. Cantor Fitzgerald increased their price objective on shares of NXP Semiconductors from $290.00 to $325.00 and gave the stock an "overweight" rating in a report on Wednesday, May 15th. Finally, Truist Financial increased their price objective on shares of NXP Semiconductors from $265.00 to $291.00 and gave the stock a "buy" rating in a report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $263.00.

NXP Semiconductors Stock Up 0.3 %

Shares of NXPI traded up $0.85 during mid-day trading on Tuesday, hitting $274.42. 1,155,929 shares of the company's stock were exchanged, compared to its average volume of 2,299,607. The company has a market cap of $70.16 billion, a PE ratio of 25.34, a P/E/G ratio of 0.97 and a beta of 1.54. NXP Semiconductors has a 52 week low of $163.26 and a 52 week high of $275.49. The company has a 50-day simple moving average of $246.43 and a 200 day simple moving average of $229.26. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.35 and a quick ratio of 1.64.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its earnings results on Monday, April 29th. The semiconductor provider reported $2.85 earnings per share for the quarter, beating the consensus estimate of $2.78 by $0.07. NXP Semiconductors had a net margin of 21.24% and a return on equity of 37.65%. The business had revenue of $3.13 billion during the quarter, compared to analysts' expectations of $3.13 billion. On average, research analysts forecast that NXP Semiconductors will post 12.44 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Thursday, March 21st were paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend was Wednesday, March 20th. NXP Semiconductors's dividend payout ratio (DPR) is presently 37.49%.

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.

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