KRS Capital Management LLC Has $663,000 Position in NXP Semiconductors (NASDAQ:NXPI)

KRS Capital Management LLC decreased its stake in NXP Semiconductors (NASDAQ:NXPI) by 8.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,189 shares of the semiconductor provider’s stock after selling 305 shares during the period. KRS Capital Management LLC’s holdings in NXP Semiconductors were worth $663,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. ORG Wealth Partners LLC raised its position in shares of 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 purchasing an additional 119 shares during the period. FSA Wealth Management LLC purchased a new stake in NXP Semiconductors in the third quarter worth $33,000. Brooklyn Investment Group lifted its position in shares of NXP Semiconductors by 69.5% during the 4th quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock valued at $33,000 after buying an additional 66 shares during the last quarter. Fortitude Family Office LLC increased its holdings in NXP Semiconductors by 52.4% in 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 during the last quarter. Finally, Avior Wealth Management LLC raised its stake in NXP Semiconductors by 182.1% in 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. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on NXPI shares. Morgan Stanley dropped their target price 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. UBS Group dropped their price objective on NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Oppenheimer lowered their target price on shares of NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Barclays reduced their price objective on NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating on the stock in a research note on Friday. Finally, Evercore ISI cut their target price on shares of NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $270.81.

NXP Semiconductors Stock Up 2.2 %

Shares of NASDAQ:NXPI traded up $4.60 during trading on Friday, reaching $215.36. 1,921,230 shares of the stock traded hands, compared to its average volume of 1,984,350. The stock has a market cap of $54.74 billion, a P/E ratio of 20.55, a price-to-earnings-growth ratio of 3.11 and a beta of 1.47. 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 stock has a 50-day moving average of $217.88 and a two-hundred day moving average of $236.74. NXP Semiconductors has a 52-week low of $202.25 and a 52-week high of $296.08.

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

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th were given a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.88%. The ex-dividend date was Thursday, December 5th. NXP Semiconductors’s payout ratio is currently 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.