NXP Semiconductors (NASDAQ:NXPI) Shares Sold by Global Financial Private Client LLC

Global Financial Private Client LLC lessened its stake in NXP Semiconductors (NASDAQ:NXPI) by 94.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 148 shares of the semiconductor provider’s stock after selling 2,447 shares during the period. Global Financial Private Client LLC’s holdings in NXP Semiconductors were worth $31,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. ORG Wealth Partners LLC boosted its holdings in NXP Semiconductors by 915.4% during the fourth quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock worth $27,000 after buying an additional 119 shares in the last quarter. FSA Wealth Management LLC acquired a new position in shares of NXP Semiconductors in the third quarter worth about $33,000. Fortitude Family Office LLC boosted its stake in shares of NXP Semiconductors by 52.4% during the 4th quarter. Fortitude Family Office LLC now owns 218 shares of the semiconductor provider’s stock worth $45,000 after acquiring an additional 75 shares in the last quarter. Avior Wealth Management LLC grew its position in shares of NXP Semiconductors by 182.1% during the 3rd quarter. Avior Wealth Management LLC now owns 220 shares of the semiconductor provider’s stock valued at $53,000 after acquiring an additional 142 shares during the period. Finally, GHP Investment Advisors Inc. purchased a new position in shares of NXP Semiconductors in the 3rd quarter valued at about $58,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Price Performance

Shares of NXPI opened at $210.63 on Wednesday. The company has a quick ratio of 1.60, a current ratio of 2.35 and a debt-to-equity ratio of 0.99. NXP Semiconductors has a fifty-two week low of $201.58 and a fifty-two week high of $296.08. The company has a market cap of $53.53 billion, a P/E ratio of 20.10, a PEG ratio of 4.37 and a beta of 1.47. The firm’s 50 day moving average price is $218.74 and its 200 day moving average price is $237.09.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 EPS 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 business’s revenue for the quarter was down 5.4% on a year-over-year basis. On average, research analysts forecast that NXP Semiconductors will post 11.33 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Thursday, December 5th were paid 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 1.93%. NXP Semiconductors’s payout ratio is currently 38.65%.

Analyst Upgrades and Downgrades

NXPI has been the topic of a number of recent analyst reports. Morgan Stanley lowered their price target on 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. StockNews.com lowered NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Monday. Citic Securities began coverage on shares of NXP Semiconductors in a report on Friday, October 11th. They issued a $288.00 price target for the company. Susquehanna reduced their price objective on shares of NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating for the company in a research report on Wednesday, November 6th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $270.00 target price on shares of NXP Semiconductors in a research report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $273.19.

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.