Janney Montgomery Scott LLC Increases Stake in NXP Semiconductors (NASDAQ:NXPI)

Janney Montgomery Scott LLC grew its stake in NXP Semiconductors (NASDAQ:NXPI) by 6.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 222,533 shares of the semiconductor provider’s stock after purchasing an additional 12,984 shares during the period. Janney Montgomery Scott LLC owned about 0.09% of NXP Semiconductors worth $46,254,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Albion Financial Group UT grew its position in NXP Semiconductors by 263.2% during the fourth quarter. Albion Financial Group UT now owns 690 shares of the semiconductor provider’s stock valued at $143,000 after buying an additional 500 shares during the period. Advisory Alpha LLC grew its position in shares of NXP Semiconductors by 14.7% during the 4th quarter. Advisory Alpha LLC now owns 3,285 shares of the semiconductor provider’s stock valued at $683,000 after acquiring an additional 420 shares during the period. Dakota Wealth Management grew its position in shares of NXP Semiconductors by 9.4% during the 4th quarter. Dakota Wealth Management now owns 6,158 shares of the semiconductor provider’s stock valued at $1,280,000 after acquiring an additional 531 shares during the period. Octavia Wealth Advisors LLC raised its holdings in NXP Semiconductors by 50.1% in the 4th quarter. Octavia Wealth Advisors LLC now owns 1,321 shares of the semiconductor provider’s stock worth $275,000 after purchasing an additional 441 shares during the period. Finally, LifePlan Financial LLC boosted its position in NXP Semiconductors by 110.5% during the fourth quarter. LifePlan Financial LLC now owns 4,494 shares of the semiconductor provider’s stock worth $934,000 after purchasing an additional 2,359 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Trading Up 1.8 %

NXPI opened at $219.88 on Friday. The stock has a market capitalization of $55.88 billion, a PE ratio of 20.98, a P/E/G ratio of 3.24 and a beta of 1.47. NXP Semiconductors has a one year low of $202.25 and a one year high of $296.08. 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 business’s 50 day moving average price is $216.94 and its 200 day moving average price is $234.94.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, topping 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 analysts’ expectations of $3.25 billion. During the same period in the prior year, the business posted $3.31 EPS. The company’s revenue was down 5.4% compared to the same quarter last year. As a group, equities research analysts expect that NXP Semiconductors will post 11.33 EPS for the current year.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Thursday, December 5th were given a dividend of $1.014 per share. The ex-dividend date was Thursday, December 5th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.84%. NXP Semiconductors’s payout ratio is currently 38.74%.

Analysts Set New Price Targets

A number of analysts have recently commented on NXPI shares. Citic Securities started coverage on NXP Semiconductors in a research report on Friday, October 11th. They issued a $288.00 price objective for the company. Barclays reduced their price objective on shares of NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Susquehanna dropped their target price on shares of NXP Semiconductors from $250.00 to $235.00 and set a “neutral” rating on the stock in a research report on Wednesday. Cantor Fitzgerald restated an “overweight” rating and set a $270.00 price target on shares of NXP Semiconductors in a research report on Monday, November 4th. Finally, Loop Capital started coverage on NXP Semiconductors in a report on Monday, November 11th. They issued a “buy” rating and a $300.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $270.85.

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.