NewEdge Advisors LLC reduced its holdings in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 36.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,787 shares of the semiconductor provider's stock after selling 3,917 shares during the period. NewEdge Advisors LLC's holdings in NXP Semiconductors were worth $1,411,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of NXPI. FMR LLC boosted its holdings in shares of NXP Semiconductors by 0.3% during the 4th quarter. FMR LLC now owns 25,084,729 shares of the semiconductor provider's stock valued at $5,213,861,000 after acquiring an additional 86,716 shares in the last quarter. Vanguard Group Inc. increased its stake in NXP Semiconductors by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 13,322,338 shares of the semiconductor provider's stock valued at $2,769,048,000 after purchasing an additional 99,667 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of NXP Semiconductors by 1.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 8,046,230 shares of the semiconductor provider's stock valued at $1,672,409,000 after buying an additional 144,391 shares in the last quarter. Geode Capital Management LLC increased its position in shares of NXP Semiconductors by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 5,242,415 shares of the semiconductor provider's stock worth $1,088,094,000 after acquiring an additional 96,483 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in NXP Semiconductors by 6.0% during the 4th quarter. Franklin Resources Inc. now owns 4,729,345 shares of the semiconductor provider's stock valued at $982,994,000 after purchasing an additional 269,656 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company's stock.
NXP Semiconductors Stock Down 6.9 %
Shares of NXP Semiconductors stock traded down $13.60 during midday trading on Tuesday, hitting $182.64. The company had a trading volume of 2,429,878 shares, compared to its average volume of 2,591,813. 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 $196.10 and a 200 day moving average of $212.56. NXP Semiconductors has a 52-week low of $148.09 and a 52-week high of $296.08. The stock has a market capitalization of $46.32 billion, a P/E ratio of 18.78, a P/E/G ratio of 3.01 and a beta of 1.40.
NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The semiconductor provider reported $2.64 EPS for the quarter, topping the consensus estimate of $2.59 by $0.05. NXP Semiconductors had a return on equity of 31.45% and a net margin of 19.90%. The firm had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter last year, the company earned $3.24 earnings per share. The business's revenue for the quarter was down 9.3% compared to the same quarter last year. On average, equities analysts predict that NXP Semiconductors will post 10.28 earnings per share for the current fiscal year.
NXP Semiconductors Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th were paid a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date of this dividend was Wednesday, March 19th. NXP Semiconductors's payout ratio is 41.62%.
Insiders Place Their Bets
In other news, COO Andrew Micallef sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $204.86, for a total value of $204,860.00. Following the completion of the sale, the chief operating officer now directly owns 8,828 shares of the company's stock, valued at $1,808,504.08. This trade represents a 10.18 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.11% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on NXPI. Citigroup dropped their price objective on NXP Semiconductors from $290.00 to $220.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Barclays dropped their target price on shares of NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Susquehanna cut their price target on NXP Semiconductors from $235.00 to $225.00 and set a "neutral" rating for the company in a research note on Wednesday, February 5th. Mizuho lifted their price objective on shares of NXP Semiconductors from $240.00 to $255.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Finally, Arete Research upgraded NXP Semiconductors to a "strong-buy" rating in a research report on Tuesday, March 25th. Four analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, NXP Semiconductors has a consensus rating of "Moderate Buy" and an average target price of $258.10.
Read Our Latest Research Report on NXPI
About NXP Semiconductors
(
Free Report)
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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