RNC Capital Management LLC Has $1.27 Million Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

RNC Capital Management LLC lessened its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 30.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 5,530 shares of the semiconductor provider’s stock after selling 2,423 shares during the period. RNC Capital Management LLC’s holdings in NXP Semiconductors were worth $1,270,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Kentucky Retirement Systems acquired a new position in NXP Semiconductors in the 3rd quarter valued at approximately $4,272,000. Invera Wealth Advisors LLC bought a new stake in shares of NXP Semiconductors in the 4th quarter valued at approximately $1,786,000. Raymond James Financial Services Advisors Inc. grew its stake in shares of NXP Semiconductors by 3.4% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 593,264 shares of the semiconductor provider’s stock valued at $118,605,000 after purchasing an additional 19,554 shares during the period. Qube Research & Technologies Ltd bought a new stake in shares of NXP Semiconductors in the 3rd quarter valued at approximately $16,920,000. Finally, Act Two Investors LLC grew its position in NXP Semiconductors by 2.8% during the 3rd quarter. Act Two Investors LLC now owns 145,654 shares of the semiconductor provider’s stock worth $29,119,000 after acquiring an additional 3,929 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Price Performance

Shares of NASDAQ NXPI opened at $245.44 on Thursday. The business’s 50 day moving average price is $234.24 and its two-hundred day moving average price is $213.77. The company has a market cap of $62.95 billion, a PE ratio of 22.92, a price-to-earnings-growth ratio of 0.90 and a beta of 1.60. 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 has a twelve month low of $155.31 and a twelve month high of $264.26.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results 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. The firm had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.40 billion. NXP Semiconductors had a return on equity of 38.94% and a net margin of 21.07%. On average, analysts predict that NXP Semiconductors will post 12.28 EPS for the current year.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 10th. Stockholders of record on Thursday, March 21st will be issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend is Wednesday, March 20th. NXP Semiconductors’s dividend payout ratio is presently 37.91%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Oppenheimer increased their price target on NXP Semiconductors from $220.00 to $250.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Morgan Stanley increased their price objective on NXP Semiconductors from $221.00 to $224.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. Truist Financial increased their price objective on NXP Semiconductors from $264.00 to $265.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $270.00 price objective on shares of NXP Semiconductors in a research report on Monday, March 4th. Finally, Susquehanna increased their price objective on NXP Semiconductors from $200.00 to $225.00 and gave the company a “neutral” rating in a research report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $238.75.

Insider Transactions at NXP Semiconductors

In other news, EVP Jennifer Wuamett sold 2,120 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $227.26, for a total transaction of $481,791.20. Following the completion of the sale, the executive vice president now owns 38,229 shares in the company, valued at $8,687,922.54. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.13% of the company’s stock.

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.