Hunter Associates Investment Management LLC Has $4.18 Million Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

Hunter Associates Investment Management LLC increased its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 0.3% during the fourth quarter, HoldingsChannel reports. The fund owned 20,060 shares of the semiconductor provider’s stock after buying an additional 61 shares during the quarter. Hunter Associates Investment Management LLC’s holdings in NXP Semiconductors were worth $4,180,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Algert Global LLC bought a new position in NXP Semiconductors during the 2nd quarter worth approximately $331,000. NewEdge Advisors LLC boosted its position in NXP Semiconductors by 50.7% during the second quarter. NewEdge Advisors LLC now owns 9,560 shares of the semiconductor provider’s stock valued at $2,572,000 after acquiring an additional 3,216 shares during the last quarter. Clearbridge Investments LLC grew its holdings in NXP Semiconductors by 24.5% during the 2nd quarter. Clearbridge Investments LLC now owns 27,357 shares of the semiconductor provider’s stock worth $7,361,000 after acquiring an additional 5,386 shares during the period. Sanctuary Advisors LLC bought a new position in shares of NXP Semiconductors in the 2nd quarter worth about $7,142,000. Finally, Centaurus Financial Inc. acquired a new position in shares of NXP Semiconductors in the 2nd quarter valued at about $158,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Price Performance

NXPI opened at $211.39 on Friday. NXP Semiconductors has a fifty-two week low of $202.25 and a fifty-two week high of $296.08. The firm has a 50-day moving average of $216.41 and a 200 day moving average of $232.74. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.60 and a current ratio of 2.35. The firm has a market cap of $53.73 billion, a P/E ratio of 20.17, a PEG ratio of 3.21 and a beta of 1.47.

NXP Semiconductors (NASDAQ:NXPI) last released 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 net margin of 20.98% and a return on equity of 33.57%. The firm had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.25 billion. During the same period in the prior year, the firm earned $3.31 EPS. The company’s revenue was down 5.4% compared to the same quarter last year. On average, research analysts expect that NXP Semiconductors will post 11.33 EPS for the current year.

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th were given a dividend of $1.014 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.92%. NXP Semiconductors’s dividend payout ratio is presently 38.74%.

Analysts Set New Price Targets

Several equities research analysts recently commented on NXPI shares. Oppenheimer decreased their target price on NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Stifel Nicolaus lowered their price objective on shares of NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating for the company in a research note on Thursday, October 17th. Needham & Company LLC cut their target price on shares of NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Wells Fargo & Company assumed coverage on shares of NXP Semiconductors in a research note on Friday, November 22nd. They issued an “overweight” rating and a $250.00 price target for the company. Finally, Barclays cut their price objective on shares of NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $270.85.

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.