Pittenger & Anderson Inc. Has $1.87 Million Stake in NXP Semiconductors (NASDAQ:NXPI)

Pittenger & Anderson Inc. decreased its position in shares of NXP Semiconductors (NASDAQ:NXPIGet Rating) by 1.3% in the second quarter, Holdings Channel reports. The fund owned 12,620 shares of the semiconductor provider’s stock after selling 165 shares during the period. Pittenger & Anderson Inc.’s holdings in NXP Semiconductors were worth $1,868,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Precision Wealth Strategies LLC increased its holdings in shares of NXP Semiconductors by 9.7% during the 2nd quarter. Precision Wealth Strategies LLC now owns 4,796 shares of the semiconductor provider’s stock worth $743,000 after purchasing an additional 423 shares during the period. Franklin Street Advisors Inc. NC increased its holdings in shares of NXP Semiconductors by 6.7% during the 2nd quarter. Franklin Street Advisors Inc. NC now owns 52,680 shares of the semiconductor provider’s stock worth $7,798,000 after purchasing an additional 3,290 shares during the period. Gateway Investment Advisers LLC increased its holdings in shares of NXP Semiconductors by 2.2% during the 2nd quarter. Gateway Investment Advisers LLC now owns 25,213 shares of the semiconductor provider’s stock worth $3,732,000 after purchasing an additional 536 shares during the period. Allworth Financial LP increased its holdings in shares of NXP Semiconductors by 31.0% during the 2nd quarter. Allworth Financial LP now owns 1,014 shares of the semiconductor provider’s stock worth $150,000 after purchasing an additional 240 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of NXP Semiconductors by 6.0% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 18,173 shares of the semiconductor provider’s stock worth $2,690,000 after purchasing an additional 1,031 shares during the period. Institutional investors and hedge funds own 88.25% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Wells Fargo & Company lowered their target price on shares of NXP Semiconductors from $240.00 to $200.00 and set an “overweight” rating on the stock in a research note on Monday, July 11th. Mizuho lowered their target price on shares of NXP Semiconductors from $205.00 to $200.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 27th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of NXP Semiconductors from $225.00 to $195.00 in a research note on Wednesday, July 20th. Morgan Stanley upped their target price on shares of NXP Semiconductors from $180.00 to $183.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 27th. Finally, Cowen upped their target price on shares of NXP Semiconductors from $190.00 to $200.00 in a research note on Wednesday, July 27th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, NXP Semiconductors presently has an average rating of “Moderate Buy” and a consensus price target of $202.05.

NXP Semiconductors Price Performance

NXPI opened at $155.13 on Friday. NXP Semiconductors has a one year low of $140.33 and a one year high of $239.91. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.15 and a quick ratio of 1.65. The company’s 50 day simple moving average is $172.17 and its 200-day simple moving average is $173.24. The stock has a market capitalization of $40.74 billion, a P/E ratio of 16.94, a price-to-earnings-growth ratio of 0.57 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPIGet Rating) last released its quarterly earnings results on Monday, July 25th. The semiconductor provider reported $4.40 EPS for the quarter, beating the consensus estimate of $3.05 by $1.35. NXP Semiconductors had a net margin of 19.83% and a return on equity of 49.45%. The business had revenue of $3.31 billion for the quarter, compared to analysts’ expectations of $3.27 billion. During the same period in the prior year, the firm earned $2.05 earnings per share. NXP Semiconductors’s revenue was up 27.3% compared to the same quarter last year. Sell-side analysts anticipate that NXP Semiconductors will post 12.72 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 6th. Shareholders of record on Thursday, September 15th will be paid a $0.845 dividend. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $3.38 dividend on an annualized basis and a yield of 2.18%. NXP Semiconductors’s payout ratio is presently 36.90%.

NXP Semiconductors Company Profile

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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.

See Also

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Institutional Ownership by Quarter for NXP Semiconductors (NASDAQ:NXPI)

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