Manning & Napier Advisors LLC Sells 710 Shares of NXP Semiconductors (NASDAQ:NXPI)

Manning & Napier Advisors LLC decreased its position in NXP Semiconductors (NASDAQ:NXPI) by 3.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 19,238 shares of the semiconductor provider’s stock after selling 710 shares during the period. Manning & Napier Advisors LLC’s holdings in NXP Semiconductors were worth $3,999,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analysts Set New Price Targets

A number of equities analysts recently commented on NXPI shares. Truist Financial decreased their target price on shares of NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Oppenheimer decreased 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. Susquehanna dropped their target price on NXP Semiconductors from $250.00 to $235.00 and set a “neutral” rating for the company in a report on Wednesday, January 22nd. StockNews.com cut NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Wells Fargo & Company initiated coverage on NXP Semiconductors in a research note on Friday, November 22nd. They set an “overweight” rating and a $250.00 price objective for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, NXP Semiconductors presently has an average rating of “Moderate Buy” and an average target price of $270.85.

NXP Semiconductors Stock Down 0.2 %

NXPI stock opened at $213.01 on Thursday. The company has a market capitalization of $54.14 billion, a price-to-earnings ratio of 20.33, a price-to-earnings-growth ratio of 3.25 and a beta of 1.47. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.60 and a current ratio of 2.35. The business’s 50 day moving average price is $216.55 and its two-hundred day moving average price is $232.88. NXP Semiconductors has a fifty-two week low of $202.25 and a fifty-two week high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $3.25 billion. During the same quarter last year, the firm posted $3.31 earnings per share. The company’s revenue for the quarter was down 5.4% on a year-over-year basis. As a group, analysts forecast that NXP Semiconductors will post 11.33 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Thursday, December 5th were given a dividend of $1.014 per share. 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 38.74%.

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.