NXP Semiconductors (NASDAQ:NXPI) Shares Sold by Avitas Wealth Management LLC

Avitas Wealth Management LLC lowered its holdings in NXP Semiconductors (NASDAQ:NXPI) by 0.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 11,200 shares of the semiconductor provider’s stock after selling 95 shares during the quarter. Avitas Wealth Management LLC’s holdings in NXP Semiconductors were worth $2,328,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Algert Global LLC purchased a new position in NXP Semiconductors in the 2nd quarter valued at approximately $331,000. Czech National Bank increased its position in shares of NXP Semiconductors by 6.6% in the third quarter. Czech National Bank now owns 51,891 shares of the semiconductor provider’s stock valued at $12,454,000 after buying an additional 3,198 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of NXP Semiconductors by 16.6% during the 3rd quarter. GAMMA Investing LLC now owns 2,235 shares of the semiconductor provider’s stock worth $536,000 after buying an additional 318 shares during the last quarter. Azzad Asset Management Inc. ADV boosted its position in shares of NXP Semiconductors by 4.8% in the 3rd quarter. Azzad Asset Management Inc. ADV now owns 8,799 shares of the semiconductor provider’s stock worth $2,112,000 after buying an additional 402 shares in the last quarter. Finally, Diversified Trust Co grew its stake in NXP Semiconductors by 57.5% in the 3rd quarter. Diversified Trust Co now owns 5,051 shares of the semiconductor provider’s stock valued at $1,212,000 after acquiring an additional 1,843 shares during the last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

NXP Semiconductors Stock Performance

NASDAQ:NXPI opened at $202.40 on Wednesday. The company has a market cap of $51.44 billion, a P/E ratio of 19.31, a P/E/G ratio of 3.14 and a beta of 1.46. The firm’s 50 day moving average is $215.21 and its two-hundred day moving average is $230.83. NXP Semiconductors has a fifty-two week low of $198.21 and a fifty-two week high of $296.08. The company has a quick ratio of 1.60, a current ratio of 2.35 and a debt-to-equity ratio of 0.99.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share 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 business had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.25 billion. During the same period last year, the company posted $3.31 EPS. The business’s quarterly revenue was down 5.4% on a year-over-year basis. Analysts expect that NXP Semiconductors will post 11.33 EPS for the current year.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th were issued a $1.014 dividend. The ex-dividend date was Thursday, December 5th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 2.00%. NXP Semiconductors’s dividend payout ratio (DPR) is 38.74%.

Wall Street Analysts Forecast Growth

NXPI has been the subject of a number of research reports. Oppenheimer cut their target price on shares of NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. Mizuho set a $290.00 target price on NXP Semiconductors in a research note on Friday, October 18th. Barclays lowered their target price on NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Morgan Stanley cut their price target on NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating for the company in a report on Wednesday, November 6th. Finally, TD Cowen decreased their price objective on NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $269.85.

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.