RFG Advisory LLC Cuts Position in NXP Semiconductors (NASDAQ:NXPI)

RFG Advisory LLC lessened its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 3.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,940 shares of the semiconductor provider’s stock after selling 114 shares during the quarter. RFG Advisory LLC’s holdings in NXP Semiconductors were worth $675,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC lifted its holdings in NXP Semiconductors by 0.4% in the 3rd quarter. FMR LLC now owns 25,779,812 shares of the semiconductor provider’s stock worth $5,153,900,000 after buying an additional 91,453 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of NXP Semiconductors by 2.0% in the first quarter. Vanguard Group Inc. now owns 10,793,360 shares of the semiconductor provider’s stock worth $1,997,635,000 after acquiring an additional 210,979 shares in the last quarter. State Street Corp boosted its holdings in NXP Semiconductors by 2.4% in the first quarter. State Street Corp now owns 10,011,984 shares of the semiconductor provider’s stock valued at $1,876,564,000 after purchasing an additional 232,704 shares during the last quarter. Geode Capital Management LLC boosted its holdings in NXP Semiconductors by 2.2% in the first quarter. Geode Capital Management LLC now owns 4,611,435 shares of the semiconductor provider’s stock valued at $857,868,000 after purchasing an additional 98,570 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in NXP Semiconductors by 44.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,417,231 shares of the semiconductor provider’s stock valued at $823,704,000 after purchasing an additional 1,360,582 shares in the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Morgan Stanley lifted their price target on shares of NXP Semiconductors from $221.00 to $224.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 7th. Susquehanna lifted their target price on NXP Semiconductors from $200.00 to $225.00 and gave the company a “neutral” rating in a research note on Wednesday, February 7th. Oppenheimer upped their price target on shares of NXP Semiconductors from $220.00 to $250.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. JPMorgan Chase & Co. raised their price objective 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. Finally, Wolfe Research upgraded shares of NXP Semiconductors from a “peer perform” rating to an “outperform” rating and set a $255.00 price target on the stock in a report on Thursday, January 18th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and an average price target of $239.58.

NXP Semiconductors Price Performance

NASDAQ:NXPI opened at $244.33 on Friday. NXP Semiconductors has a 52-week low of $155.31 and a 52-week high of $264.26. The company has a market cap of $62.66 billion, a P/E ratio of 22.81, a P/E/G ratio of 0.91 and a beta of 1.59. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.39 and a current ratio of 1.91. The stock’s 50-day simple moving average is $241.11 and its 200 day simple moving average is $217.37.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.33 by $0.04. NXP Semiconductors had a net margin of 21.07% and a return on equity of 38.94%. The firm had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.40 billion. As a group, sell-side analysts forecast that NXP Semiconductors will post 12.28 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Thursday, March 21st were issued a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend was Wednesday, March 20th. NXP Semiconductors’s payout ratio is 37.91%.

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.