NXP Semiconductors (NASDAQ:NXPI) Holdings Trimmed by Cetera Investment Advisers

Cetera Investment Advisers lowered its holdings in NXP Semiconductors (NASDAQ:NXPI) by 0.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 66,967 shares of the semiconductor provider’s stock after selling 574 shares during the period. Cetera Investment Advisers’ holdings in NXP Semiconductors were worth $13,919,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of NXPI. Captrust Financial Advisors raised its holdings in shares of NXP Semiconductors by 3.9% during the 4th quarter. Captrust Financial Advisors now owns 19,755 shares of the semiconductor provider’s stock valued at $4,106,000 after purchasing an additional 741 shares in the last quarter. Cary Street Partners Financial LLC acquired a new position in NXP Semiconductors during the fourth quarter worth $3,055,000. Brown Advisory Inc. raised its holdings in NXP Semiconductors by 4.0% during the fourth quarter. Brown Advisory Inc. now owns 805,822 shares of the semiconductor provider’s stock valued at $167,490,000 after buying an additional 31,288 shares in the last quarter. Baird Financial Group Inc. lifted its position in shares of NXP Semiconductors by 4.3% in the fourth quarter. Baird Financial Group Inc. now owns 20,082 shares of the semiconductor provider’s stock worth $4,174,000 after buying an additional 828 shares during the last quarter. Finally, Balyasny Asset Management L.P. boosted its stake in shares of NXP Semiconductors by 242.5% during the 4th quarter. Balyasny Asset Management L.P. now owns 157,133 shares of the semiconductor provider’s stock worth $32,660,000 after acquiring an additional 267,433 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Insider Buying and Selling

In related news, COO Andrew Micallef sold 1,000 shares of the business’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $204.86, for a total transaction of $204,860.00. Following the transaction, the chief operating officer now owns 8,828 shares in the company, valued at $1,808,504.08. The trade was a 10.18 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.11% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on NXPI shares. The Goldman Sachs Group reissued a “buy” rating on shares of NXP Semiconductors in a research report on Tuesday, February 4th. UBS Group dropped their target price on shares of NXP Semiconductors from $265.00 to $250.00 and set a “buy” rating on the stock in a report on Wednesday, April 30th. Morgan Stanley set a $229.00 price target on shares of NXP Semiconductors in a report on Monday, April 21st. StockNews.com lowered NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. Finally, Mizuho increased their target price on NXP Semiconductors from $240.00 to $255.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Four investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $250.37.

NXP Semiconductors Price Performance

Shares of NXPI opened at $192.17 on Friday. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. The stock has a market cap of $48.55 billion, a PE ratio of 19.75, a PEG ratio of 3.01 and a beta of 1.38. NXP Semiconductors has a 12-month low of $148.09 and a 12-month high of $296.08. The business has a 50-day simple moving average of $188.87 and a two-hundred day simple moving average of $209.87.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Monday, April 28th. The semiconductor provider reported $2.64 EPS for the quarter, topping analysts’ consensus estimates of $2.59 by $0.05. The company had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.83 billion. NXP Semiconductors had a net margin of 19.90% and a return on equity of 31.45%. NXP Semiconductors’s revenue was down 9.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.24 earnings per share. Analysts anticipate that NXP Semiconductors will post 10.28 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th were given a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $4.06 annualized dividend and a dividend yield of 2.11%. NXP Semiconductors’s payout ratio is 44.12%.

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.