Busey Bank Has $356,000 Position in NXP Semiconductors (NASDAQ:NXPI)

Busey Bank decreased its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 4.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,713 shares of the semiconductor provider’s stock after selling 89 shares during the quarter. Busey Bank’s holdings in NXP Semiconductors were worth $356,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently modified their holdings of NXPI. Foster & Motley Inc. boosted its holdings in NXP Semiconductors by 153.2% in the 4th quarter. Foster & Motley Inc. now owns 2,524 shares of the semiconductor provider’s stock valued at $525,000 after purchasing an additional 1,527 shares during the period. Foster Victor Wealth Advisors LLC boosted its stake in shares of NXP Semiconductors by 18.1% in the fourth quarter. Foster Victor Wealth Advisors LLC now owns 48,704 shares of the semiconductor provider’s stock valued at $10,489,000 after buying an additional 7,477 shares during the period. Asset Dedication LLC boosted its stake in shares of NXP Semiconductors by 126.6% in the fourth quarter. Asset Dedication LLC now owns 358 shares of the semiconductor provider’s stock valued at $74,000 after buying an additional 200 shares during the period. Patriot Financial Group Insurance Agency LLC increased its stake in NXP Semiconductors by 12.8% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 3,056 shares of the semiconductor provider’s stock worth $635,000 after acquiring an additional 346 shares during the period. Finally, Vantage Investment Partners LLC raised its holdings in NXP Semiconductors by 6.8% in the 4th quarter. Vantage Investment Partners LLC now owns 31,017 shares of the semiconductor provider’s stock valued at $6,447,000 after acquiring an additional 1,972 shares in the last quarter. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Trading Down 0.8 %

Shares of NASDAQ NXPI opened at $211.39 on Friday. The firm has a 50 day moving average price of $216.41 and a two-hundred day moving average price of $232.74. The stock has a market cap of $53.73 billion, a P/E ratio of 20.17, a price-to-earnings-growth ratio of 3.21 and a beta of 1.47. NXP Semiconductors has a 52-week low of $202.25 and a 52-week high of $296.08. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.60 and a current ratio of 2.35.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, beating analysts’ consensus estimates of $3.43 by $0.02. The business had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.25 billion. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. NXP Semiconductors’s quarterly revenue was down 5.4% on a year-over-year basis. During the same period in the prior year, the business posted $3.31 earnings per share. As a group, equities analysts forecast that NXP Semiconductors will post 11.33 EPS for the current 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 paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date was Thursday, December 5th. NXP Semiconductors’s dividend payout ratio is currently 38.74%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Morgan Stanley reduced their target price on NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 6th. Mizuho set a $290.00 target price on shares of NXP Semiconductors in a research report on Friday, October 18th. UBS Group reduced their price target on shares of NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Stifel Nicolaus lowered their price objective on shares of NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating for the company in a research report on Thursday, October 17th. Finally, Wells Fargo & Company began coverage on NXP Semiconductors in a report on Friday, November 22nd. They issued an “overweight” rating and a $250.00 target price on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, NXP Semiconductors has an average rating of “Moderate Buy” and an average target price of $270.85.

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.