NXP Semiconductors (NASDAQ:NXPI) Shares Sold by Carmel Capital Management L.L.C.

Carmel Capital Management L.L.C. trimmed its position in NXP Semiconductors (NASDAQ:NXPI) by 8.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,697 shares of the semiconductor provider’s stock after selling 5,330 shares during the quarter. NXP Semiconductors accounts for 4.6% of Carmel Capital Management L.L.C.’s holdings, making the stock its 6th biggest holding. Carmel Capital Management L.L.C.’s holdings in NXP Semiconductors were worth $12,200,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. ORG Wealth Partners LLC grew its stake in shares of NXP Semiconductors by 915.4% during the fourth quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock worth $27,000 after buying an additional 119 shares during the last quarter. FSA Wealth Management LLC bought a new position in NXP Semiconductors in the 3rd quarter valued at approximately $33,000. Brooklyn Investment Group boosted its position in NXP Semiconductors by 69.5% during the 4th quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock worth $33,000 after buying an additional 66 shares during the period. Fortitude Family Office LLC grew its holdings in NXP Semiconductors by 52.4% during the 4th quarter. Fortitude Family Office LLC now owns 218 shares of the semiconductor provider’s stock worth $45,000 after acquiring an additional 75 shares during the last quarter. Finally, Avior Wealth Management LLC increased its holdings in NXP Semiconductors by 182.1% in the third quarter. Avior Wealth Management LLC now owns 220 shares of the semiconductor provider’s stock valued at $53,000 after purchasing an additional 142 shares during the period. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Trading Up 1.8 %

Shares of NXPI stock opened at $219.88 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.35 and a quick ratio of 1.60. NXP Semiconductors has a 1 year low of $202.25 and a 1 year high of $296.08. The stock has a market capitalization of $55.88 billion, a price-to-earnings ratio of 20.98, a PEG ratio of 3.25 and a beta of 1.47. The company’s fifty day simple moving average is $216.94 and its two-hundred day simple moving average is $234.94.

NXP Semiconductors (NASDAQ:NXPI) last posted its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, beating analysts’ consensus estimates of $3.43 by $0.02. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The business had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.25 billion. During the same quarter in the previous year, the firm earned $3.31 EPS. The company’s quarterly revenue was down 5.4% compared to the same quarter last year. As a group, analysts anticipate that NXP Semiconductors will post 11.33 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th were issued a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.84%. The ex-dividend date was Thursday, December 5th. NXP Semiconductors’s payout ratio is 38.74%.

Wall Street Analyst Weigh In

Several analysts recently commented on NXPI shares. Citic Securities started coverage on NXP Semiconductors in a report on Friday, October 11th. They issued a $288.00 target price on the stock. Needham & Company LLC decreased their price objective on shares of NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Loop Capital initiated coverage on shares of NXP Semiconductors in a report on Monday, November 11th. They issued a “buy” rating and a $300.00 target price on the stock. Morgan Stanley decreased their price target on NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating for the company in a report on Wednesday, November 6th. Finally, Susquehanna cut their target price on NXP Semiconductors from $250.00 to $235.00 and set a “neutral” rating on the stock in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $270.85.

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.