Perpetual Ltd Reduces Stake in NXP Semiconductors (NASDAQ:NXPI)

Perpetual Ltd reduced its position in NXP Semiconductors (NASDAQ:NXPI) by 60.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,852 shares of the semiconductor provider’s stock after selling 2,806 shares during the period. Perpetual Ltd’s holdings in NXP Semiconductors were worth $385,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. GDS Wealth Management boosted its stake in shares of NXP Semiconductors by 7.7% in the 3rd quarter. GDS Wealth Management now owns 55,740 shares of the semiconductor provider’s stock worth $13,378,000 after buying an additional 3,985 shares during the last quarter. HITE Hedge Asset Management LLC purchased a new position in shares of NXP Semiconductors in the 3rd quarter worth $13,445,000. Banque Cantonale Vaudoise boosted its stake in shares of NXP Semiconductors by 60.2% in the 3rd quarter. Banque Cantonale Vaudoise now owns 25,850 shares of the semiconductor provider’s stock worth $6,204,000 after buying an additional 9,710 shares during the last quarter. Mackenzie Financial Corp boosted its stake in shares of NXP Semiconductors by 21.1% in the 2nd quarter. Mackenzie Financial Corp now owns 154,293 shares of the semiconductor provider’s stock worth $41,519,000 after buying an additional 26,851 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of NXP Semiconductors by 1.9% in the 3rd quarter. Principal Financial Group Inc. now owns 303,895 shares of the semiconductor provider’s stock worth $72,938,000 after buying an additional 5,722 shares during the last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on NXPI shares. Citic Securities started coverage on NXP Semiconductors in a research report on Friday, October 11th. They set a $288.00 target price on the stock. Susquehanna lowered their target price on NXP Semiconductors from $250.00 to $235.00 and set a “neutral” rating on the stock in a research report on Wednesday. Oppenheimer lowered their target price on NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Loop Capital started coverage on NXP Semiconductors in a research report on Monday, November 11th. They set a “buy” rating and a $300.00 target price on the stock. Finally, The Goldman Sachs Group upgraded NXP Semiconductors from a “neutral” rating to a “buy” rating and lowered their target price for the company from $260.00 to $257.00 in a research report on Friday, January 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $270.85.

NXP Semiconductors Trading Up 1.8 %

Shares of NXPI stock opened at $219.88 on Friday. NXP Semiconductors has a 12-month low of $202.25 and a 12-month high of $296.08. The company has a current ratio of 2.35, a quick ratio of 1.60 and a debt-to-equity ratio of 0.99. The stock’s 50-day moving average price is $216.94 and its 200-day moving average price is $234.94. The stock has a market capitalization of $55.88 billion, a price-to-earnings ratio of 20.98, a price-to-earnings-growth ratio of 3.24 and a beta of 1.47.

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

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Thursday, December 5th were given a $1.014 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $4.06 annualized dividend and a yield of 1.84%. NXP Semiconductors’s dividend payout ratio is currently 38.74%.

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.