Kinneret Advisory LLC purchased a new stake in NXP Semiconductors NV (NASDAQ:NXPI) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,658 shares of the semiconductor provider’s stock, valued at approximately $122,000.
A number of other institutional investors have also bought and sold shares of the business. First Trust Advisors LP purchased a new position in shares of NXP Semiconductors during the third quarter worth about $6,251,000. US Bancorp DE grew its holdings in shares of NXP Semiconductors by 49.3% during the third quarter. US Bancorp DE now owns 35,736 shares of the semiconductor provider’s stock worth $3,055,000 after purchasing an additional 11,794 shares during the last quarter. Comerica Bank grew its holdings in shares of NXP Semiconductors by 56.0% during the third quarter. Comerica Bank now owns 38,611 shares of the semiconductor provider’s stock worth $3,000,000 after purchasing an additional 13,860 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of NXP Semiconductors by 58.8% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 16,269 shares of the semiconductor provider’s stock worth $1,391,000 after purchasing an additional 6,023 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in shares of NXP Semiconductors by 24.7% during the third quarter. Commonwealth Equity Services LLC now owns 67,967 shares of the semiconductor provider’s stock worth $5,811,000 after purchasing an additional 13,471 shares during the last quarter. Institutional investors own 73.62% of the company’s stock.
Several brokerages have issued reports on NXPI. BidaskClub lowered NXP Semiconductors from a “hold” rating to a “sell” rating in a report on Friday. Deutsche Bank raised their price objective on NXP Semiconductors from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday. TheStreet raised NXP Semiconductors from a “c+” rating to a “b-” rating in a report on Wednesday, February 13th. Needham & Company LLC raised their price objective on NXP Semiconductors to $105.00 and gave the stock a “strong-buy” rating in a report on Friday, February 8th. Finally, Mizuho lowered NXP Semiconductors from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $99.00 to $95.00 in a report on Friday, February 8th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $99.21.
NASDAQ NXPI opened at $92.85 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.17 and a current ratio of 1.54. NXP Semiconductors NV has a 52-week low of $67.62 and a 52-week high of $123.50. The stock has a market cap of $30.89 billion, a P/E ratio of 15.63, a P/E/G ratio of 1.21 and a beta of 1.10.
NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Wednesday, February 6th. The semiconductor provider reported $2.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.77 by $0.28. NXP Semiconductors had a return on equity of 15.52% and a net margin of 23.47%. The firm had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.39 billion. Analysts predict that NXP Semiconductors NV will post 6.21 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 5th. Shareholders of record on Monday, March 18th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date is Friday, March 15th. NXP Semiconductors’s dividend payout ratio is presently 16.84%.
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About NXP Semiconductors
NXP Semiconductors N.V., a semiconductor company, provides high performance mixed signal solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. The company offers products for audio and visual head-end unit applications, such as single-chip radio solutions, multi-standard radios, audio amplifiers and power analog products, and i.MX applications processors; in-vehicle networking products; two-way secure entry products; various sensors and microcontrollers; power management solutions; battery cell controllers; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.
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