NewEdge Wealth LLC Reduces Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

NewEdge Wealth LLC lowered its position in NXP Semiconductors (NASDAQ:NXPI) by 1.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,169 shares of the semiconductor provider’s stock after selling 264 shares during the quarter. NewEdge Wealth LLC’s holdings in NXP Semiconductors were worth $3,254,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of NXPI. Norges Bank purchased a new stake in shares of NXP Semiconductors in the fourth quarter valued at about $326,580,000. Moneta Group Investment Advisors LLC purchased a new position in NXP Semiconductors during the fourth quarter worth about $267,123,000. Price T Rowe Associates Inc. MD boosted its stake in NXP Semiconductors by 44.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,417,231 shares of the semiconductor provider’s stock worth $823,704,000 after buying an additional 1,360,582 shares during the period. Barclays PLC boosted its stake in NXP Semiconductors by 94.6% during the second quarter. Barclays PLC now owns 1,143,813 shares of the semiconductor provider’s stock worth $234,116,000 after buying an additional 556,178 shares during the period. Finally, Renaissance Technologies LLC purchased a new position in NXP Semiconductors during the first quarter worth about $98,687,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Down 4.4 %

Shares of NASDAQ:NXPI opened at $233.61 on Friday. The firm’s 50 day moving average price is $241.48 and its 200 day moving average price is $217.78. The stock has a market cap of $59.91 billion, a price-to-earnings ratio of 21.81, a price-to-earnings-growth ratio of 0.88 and a beta of 1.59. NXP Semiconductors has a fifty-two week low of $155.31 and a fifty-two week high of $264.26. The company has a quick ratio of 1.39, a current ratio of 1.91 and a debt-to-equity ratio of 1.14.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share for the quarter, topping analysts’ consensus estimates of $3.33 by $0.04. NXP Semiconductors had a net margin of 21.07% and a return on equity of 38.94%. The company had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.40 billion. As a group, equities research analysts predict that NXP Semiconductors will post 12.28 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, April 10th. Shareholders of record on Thursday, March 21st were issued a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $4.06 dividend on an annualized basis and a yield of 1.74%. NXP Semiconductors’s payout ratio is currently 37.91%.

Analyst Upgrades and Downgrades

NXPI has been the subject of several research analyst reports. Wolfe Research raised shares of NXP Semiconductors from a “peer perform” rating to an “outperform” rating and set a $255.00 target price for the company in a research note on Thursday, January 18th. JPMorgan Chase & Co. increased their target price on shares of NXP Semiconductors from $220.00 to $240.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 7th. Oppenheimer increased their target price on shares of NXP Semiconductors from $220.00 to $250.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Barclays raised shares of NXP Semiconductors from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $200.00 to $260.00 in a research note on Tuesday, January 16th. Finally, Susquehanna increased their target price on shares of NXP Semiconductors from $200.00 to $225.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $239.58.

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.