Blue Trust Inc. Raises Position in NXP Semiconductors (NASDAQ:NXPI)

Blue Trust Inc. increased its holdings in NXP Semiconductors (NASDAQ:NXPIFree Report) by 12.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,587 shares of the semiconductor provider’s stock after acquiring an additional 175 shares during the quarter. Blue Trust Inc.’s holdings in NXP Semiconductors were worth $365,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Operose Advisors LLC bought a new position in NXP Semiconductors in the third quarter valued at $26,000. Live Oak Investment Partners bought a new position in NXP Semiconductors in the fourth quarter valued at $26,000. Fortis Capital Advisors LLC bought a new position in NXP Semiconductors in the fourth quarter valued at $27,000. BluePath Capital Management LLC bought a new position in NXP Semiconductors in the third quarter valued at $28,000. Finally, First Capital Advisors Group LLC. bought a new position in NXP Semiconductors in the second quarter valued at $35,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Performance

NXP Semiconductors stock opened at $247.77 on Friday. The company has a current ratio of 1.91, a quick ratio of 1.39 and a debt-to-equity ratio of 1.14. The firm has a 50-day moving average of $236.35 and a 200-day moving average of $214.53. The firm has a market cap of $63.54 billion, a P/E ratio of 23.13, a P/E/G ratio of 0.93 and a beta of 1.60. NXP Semiconductors has a 1-year low of $155.31 and a 1-year high of $264.26.

NXP Semiconductors (NASDAQ:NXPIGet Free Report) last posted its 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. NXP Semiconductors had a net margin of 21.07% and a return on equity of 38.94%. The company had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.40 billion. Sell-side analysts expect that NXP Semiconductors will post 12.28 EPS for the current year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 10th. Shareholders of record on Thursday, March 21st will be issued a $1.014 dividend. The ex-dividend date of this dividend is Wednesday, March 20th. This represents a $4.06 annualized dividend and a yield of 1.64%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 37.91%.

Insiders Place Their Bets

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 2,120 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $227.26, for a total value of $481,791.20. Following the completion of the sale, the executive vice president now directly owns 38,229 shares in the company, valued at $8,687,922.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.13% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

NXPI has been the topic of a number of research analyst reports. Morgan Stanley increased their target price on NXP Semiconductors from $221.00 to $224.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 7th. StockNews.com raised NXP Semiconductors from a “hold” rating to a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. increased their target price on NXP Semiconductors from $220.00 to $240.00 and gave the company a “neutral” rating in a research note on Wednesday, February 7th. Truist Financial raised their price objective on NXP Semiconductors from $264.00 to $265.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Finally, Oppenheimer raised their price objective on NXP Semiconductors from $220.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $238.75.

Read Our Latest Stock Report on NXPI

NXP Semiconductors Profile

(Free Report)

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.

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

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