New Century Financial Group LLC Sells 51 Shares of NXP Semiconductors (NASDAQ:NXPI)

New Century Financial Group LLC lessened its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 3.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,484 shares of the semiconductor provider’s stock after selling 51 shares during the period. New Century Financial Group LLC’s holdings in NXP Semiconductors were worth $310,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Benjamin F. Edwards & Company Inc. grew its holdings in shares of NXP Semiconductors by 9.4% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 627 shares of the semiconductor provider’s stock worth $169,000 after buying an additional 54 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in NXP Semiconductors by 7.5% in the 2nd quarter. Thrivent Financial for Lutherans now owns 13,696 shares of the semiconductor provider’s stock valued at $3,685,000 after buying an additional 956 shares during the last quarter. Public Sector Pension Investment Board boosted its position in NXP Semiconductors by 71.4% during the second quarter. Public Sector Pension Investment Board now owns 9,725 shares of the semiconductor provider’s stock valued at $2,617,000 after purchasing an additional 4,052 shares during the last quarter. APG Asset Management N.V. grew its stake in shares of NXP Semiconductors by 12.0% in the second quarter. APG Asset Management N.V. now owns 210,410 shares of the semiconductor provider’s stock valued at $52,829,000 after buying an additional 22,581 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of NXP Semiconductors by 5.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,428,779 shares of the semiconductor provider’s stock worth $653,567,000 after purchasing an additional 118,366 shares during the last quarter. 90.54% of the stock is owned by institutional investors.

NXP Semiconductors Price Performance

Shares of NXPI opened at $213.43 on Friday. The company has a market capitalization of $54.24 billion, a price-to-earnings ratio of 20.37, a price-to-earnings-growth 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 debt-to-equity ratio of 0.99, a current ratio of 2.35 and a quick ratio of 1.60. The business has a 50-day moving average of $216.86 and a 200-day moving average of $234.84.

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 the consensus estimate of $3.25 billion. During the same period in the previous year, the company posted $3.31 earnings per share. The firm’s revenue for the quarter was down 5.4% on a year-over-year basis. As a group, equities research analysts anticipate that NXP Semiconductors will post 11.33 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th were paid 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 yield of 1.90%. NXP Semiconductors’s dividend payout ratio (DPR) is currently 38.65%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Wells Fargo & Company initiated coverage on NXP Semiconductors in a research note on Friday, November 22nd. They issued an “overweight” rating and a $250.00 price target on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $270.00 price objective on shares of NXP Semiconductors in a report on Monday, November 4th. TD Cowen reduced their price target on shares of NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. Citic Securities assumed coverage on NXP Semiconductors in a research report on Friday, October 11th. They set a $288.00 price objective for the company. Finally, Truist Financial dropped their target price on shares of NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus 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.