Patriot Investment Management Group Inc. Has $287,000 Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Patriot Investment Management Group Inc. cut its holdings in NXP Semiconductors (NASDAQ:NXPI) by 6.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,380 shares of the semiconductor provider’s stock after selling 100 shares during the quarter. Patriot Investment Management Group Inc.’s holdings in NXP Semiconductors were worth $287,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. State Street Corp grew its holdings in NXP Semiconductors by 1.3% in the third quarter. State Street Corp now owns 10,675,415 shares of the semiconductor provider’s stock worth $2,572,694,000 after purchasing an additional 139,641 shares during the period. Geode Capital Management LLC boosted its position in shares of NXP Semiconductors by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 5,145,932 shares of the semiconductor provider’s stock worth $1,231,533,000 after purchasing an additional 57,762 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of NXP Semiconductors by 2.1% in the 3rd quarter. Franklin Resources Inc. now owns 4,459,689 shares of the semiconductor provider’s stock valued at $1,063,322,000 after buying an additional 93,129 shares during the period. Van ECK Associates Corp raised its stake in NXP Semiconductors by 67.2% during the 3rd quarter. Van ECK Associates Corp now owns 3,041,129 shares of the semiconductor provider’s stock worth $718,680,000 after buying an additional 1,222,736 shares during the period. Finally, Janus Henderson Group PLC increased its holdings in shares of NXP Semiconductors by 0.7% during the third quarter. Janus Henderson Group PLC now owns 2,730,933 shares of the semiconductor provider’s stock valued at $655,453,000 after acquiring an additional 20,145 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Trading Up 1.8 %

NASDAQ NXPI opened at $219.88 on Friday. The stock’s fifty day moving average price is $216.94 and its 200-day moving average price is $234.94. 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 stock has a market cap of $55.88 billion, a P/E ratio of 20.98, a P/E/G ratio of 3.25 and a beta of 1.47. NXP Semiconductors has a 12 month low of $202.25 and a 12 month high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last issued its 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 analyst estimates of $3.25 billion. During the same quarter in the previous year, the firm earned $3.31 EPS. NXP Semiconductors’s revenue was down 5.4% on a year-over-year basis. As a group, equities analysts forecast that NXP Semiconductors will post 11.33 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

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 $1.014 dividend. The ex-dividend date was Thursday, December 5th. This represents a $4.06 annualized dividend and a yield of 1.84%. NXP Semiconductors’s payout ratio is 38.74%.

Analyst Ratings Changes

Several brokerages have recently issued reports on NXPI. Susquehanna decreased their target price on NXP Semiconductors from $250.00 to $235.00 and set a “neutral” rating for the company in a research report on Wednesday. Needham & Company LLC reduced their target price 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 assumed coverage on shares of NXP Semiconductors in a report on Monday, November 11th. They issued a “buy” rating and a $300.00 price target on the stock. Stifel Nicolaus cut their target price on shares of NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating for the company in a research report on Thursday, October 17th. Finally, Wells Fargo & Company began coverage on shares of NXP Semiconductors in a research note on Friday, November 22nd. They set an “overweight” rating and a $250.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.