Perigon Wealth Management LLC Cuts Position in NXP Semiconductors (NASDAQ:NXPI)

Perigon Wealth Management LLC decreased its holdings in NXP Semiconductors (NASDAQ:NXPI) by 32.0% in the 4th quarter, HoldingsChannel reports. The fund owned 1,059 shares of the semiconductor provider’s stock after selling 499 shares during the quarter. Perigon Wealth Management LLC’s holdings in NXP Semiconductors were worth $243,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Cibc World Market Inc. raised its stake in shares of NXP Semiconductors by 6.3% during the 1st quarter. Cibc World Market Inc. now owns 29,411 shares of the semiconductor provider’s stock worth $5,443,000 after buying an additional 1,732 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in NXP Semiconductors by 5.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 390,891 shares of the semiconductor provider’s stock valued at $72,356,000 after purchasing an additional 21,672 shares during the last quarter. Cetera Investment Advisers raised its stake in NXP Semiconductors by 5.4% in the 1st quarter. Cetera Investment Advisers now owns 6,332 shares of the semiconductor provider’s stock valued at $1,172,000 after purchasing an additional 325 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in NXP Semiconductors by 21.0% in the 1st quarter. Sequoia Financial Advisors LLC now owns 2,406 shares of the semiconductor provider’s stock valued at $445,000 after purchasing an additional 417 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in NXP Semiconductors by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 10,793,360 shares of the semiconductor provider’s stock valued at $1,997,635,000 after purchasing an additional 210,979 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on NXPI. Cantor Fitzgerald boosted their target price on shares of NXP Semiconductors from $270.00 to $290.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Mizuho boosted their target price on shares of NXP Semiconductors from $220.00 to $225.00 and gave the company a “neutral” rating in a research note on Wednesday, February 7th. JPMorgan Chase & Co. boosted their target price on shares of NXP Semiconductors from $220.00 to $240.00 and gave the company a “neutral” rating in a research note on Wednesday, February 7th. Susquehanna boosted their target price on shares of NXP Semiconductors from $200.00 to $225.00 and gave the company a “neutral” rating in a research note on Wednesday, February 7th. Finally, Morgan Stanley boosted their target price on shares of NXP Semiconductors from $221.00 to $224.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $242.29.

NXP Semiconductors Stock Down 1.6 %

NASDAQ NXPI opened at $226.92 on Thursday. The stock has a market cap of $58.11 billion, a PE ratio of 21.19, a P/E/G ratio of 0.87 and a beta of 1.59. NXP Semiconductors has a fifty-two week low of $155.31 and a fifty-two week high of $264.26. The business has a 50 day moving average price of $241.93 and a two-hundred day moving average price of $218.41. 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 (NASDAQ:NXPI) last released 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 during the quarter, compared to analysts’ expectations of $3.40 billion. NXP Semiconductors had a return on equity of 38.94% and a net margin of 21.07%. As a group, sell-side analysts predict that NXP Semiconductors will post 12.28 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Thursday, March 21st were given a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.79%. 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.