New Century Financial Group LLC Decreases Stock Position in NXP Semiconductors (NASDAQ:NXPI)

New Century Financial Group LLC decreased its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 3.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,484 shares of the semiconductor provider’s stock after selling 51 shares during the period. New Century Financial Group LLC’s holdings in NXP Semiconductors were worth $310,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Crumly & Associates Inc. lifted its stake in shares of NXP Semiconductors by 2.0% in the third quarter. Crumly & Associates Inc. now owns 2,274 shares of the semiconductor provider’s stock worth $546,000 after acquiring an additional 45 shares in the last quarter. Sterling Investment Counsel LLC raised its position in shares of NXP Semiconductors by 5.7% in the 3rd quarter. Sterling Investment Counsel LLC now owns 850 shares of the semiconductor provider’s stock valued at $204,000 after purchasing an additional 46 shares in the last quarter. Ascent Group LLC boosted its stake in shares of NXP Semiconductors by 0.4% during the 3rd quarter. Ascent Group LLC now owns 12,498 shares of the semiconductor provider’s stock valued at $3,000,000 after buying an additional 46 shares during the last quarter. Central Bank & Trust Co. grew its position in shares of NXP Semiconductors by 1.1% during the fourth quarter. Central Bank & Trust Co. now owns 4,412 shares of the semiconductor provider’s stock worth $917,000 after buying an additional 48 shares in the last quarter. Finally, Farmers National Bank increased its stake in NXP Semiconductors by 6.1% during the second quarter. Farmers National Bank now owns 899 shares of the semiconductor provider’s stock valued at $242,000 after purchasing an additional 52 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on NXPI. Barclays lowered their target price on NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Loop Capital began coverage on NXP Semiconductors in a report on Monday, November 11th. They set a “buy” rating and a $300.00 price target on the stock. Susquehanna cut their target price on shares of NXP Semiconductors from $250.00 to $235.00 and set a “neutral” rating for the company in a research report on Wednesday. Oppenheimer dropped their price objective on NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Finally, The Goldman Sachs Group raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and reduced their price target for the company from $260.00 to $257.00 in a report on Friday, January 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, NXP Semiconductors presently has an average rating of “Moderate Buy” and a consensus target price of $270.85.

NXP Semiconductors Stock Performance

NASDAQ NXPI opened at $213.43 on Friday. The firm has a market cap of $54.24 billion, a price-to-earnings ratio of 20.37, a PEG ratio of 3.25 and a beta of 1.47. The company has a current ratio of 2.35, a quick ratio of 1.60 and a debt-to-equity ratio of 0.99. NXP Semiconductors has a 1-year low of $202.25 and a 1-year high of $296.08. The company has a 50 day moving average of $216.86 and a 200-day moving average of $234.84.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, topping the consensus estimate of $3.43 by $0.02. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The company had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.25 billion. During the same quarter in the prior year, the business earned $3.31 earnings per share. The business’s revenue for the quarter was down 5.4% on a year-over-year basis. On average, equities analysts forecast that NXP Semiconductors will post 11.33 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Thursday, December 5th were given a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend was Thursday, December 5th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 38.65%.

About NXP Semiconductors

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.