NXP Semiconductors (NASDAQ:NXPI) Position Raised by Asset Dedication LLC

Asset Dedication LLC lifted its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 126.6% in the 4th quarter, Holdings Channel reports. The fund owned 358 shares of the semiconductor provider’s stock after buying an additional 200 shares during the period. Asset Dedication LLC’s holdings in NXP Semiconductors were worth $74,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Patriot Financial Group Insurance Agency LLC boosted its stake in NXP Semiconductors by 12.8% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 3,056 shares of the semiconductor provider’s stock valued at $635,000 after purchasing an additional 346 shares during the period. Vantage Investment Partners LLC raised its holdings in shares of NXP Semiconductors by 6.8% during the fourth quarter. Vantage Investment Partners LLC now owns 31,017 shares of the semiconductor provider’s stock valued at $6,447,000 after buying an additional 1,972 shares during the last quarter. BankPlus Wealth Management LLC acquired a new position in shares of NXP Semiconductors during the fourth quarter worth approximately $215,000. Lebenthal Global Advisors LLC grew its holdings in NXP Semiconductors by 9.3% in the 4th quarter. Lebenthal Global Advisors LLC now owns 3,424 shares of the semiconductor provider’s stock worth $712,000 after buying an additional 290 shares in the last quarter. Finally, Mount Yale Investment Advisors LLC raised its stake in NXP Semiconductors by 141.0% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 14,056 shares of the semiconductor provider’s stock valued at $2,922,000 after acquiring an additional 8,224 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on NXPI shares. Wells Fargo & Company began coverage on shares of NXP Semiconductors in a research report on Friday, November 22nd. They issued an “overweight” rating and a $250.00 target price for the company. Morgan Stanley dropped their target price on shares of NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 6th. UBS Group reduced their target price on NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Oppenheimer dropped their price target on NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Finally, Stifel Nicolaus lowered their target price on NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating on the stock in a research note on Thursday, October 17th. One analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, NXP Semiconductors has a consensus rating of “Moderate Buy” and an average target price of $270.85.

NXP Semiconductors Stock Down 0.8 %

NXPI stock opened at $211.39 on Friday. The company has a current ratio of 2.35, a quick ratio of 1.60 and a debt-to-equity ratio of 0.99. The firm has a market cap of $53.73 billion, a PE ratio of 20.17, a PEG ratio of 3.25 and a beta of 1.47. NXP Semiconductors has a 1 year low of $202.25 and a 1 year high of $296.08. The company has a fifty day simple moving average of $216.41 and a 200 day simple moving average of $232.74.

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

NXP Semiconductors Dividend Announcement

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

About NXP Semiconductors

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.