Tufton Capital Management Lowers Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

Tufton Capital Management lowered its stake in NXP Semiconductors (NASDAQ:NXPI) by 2.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 35,542 shares of the semiconductor provider’s stock after selling 1,015 shares during the period. NXP Semiconductors accounts for about 1.7% of Tufton Capital Management’s holdings, making the stock its 22nd largest holding. Tufton Capital Management’s holdings in NXP Semiconductors were worth $8,163,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. raised its holdings in NXP Semiconductors by 46.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 89,297 shares of the semiconductor provider’s stock worth $20,510,000 after buying an additional 28,518 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in NXP Semiconductors by 29.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 125,594 shares of the semiconductor provider’s stock valued at $28,846,000 after purchasing an additional 28,758 shares during the last quarter. Stratos Wealth Partners LTD. increased its holdings in shares of NXP Semiconductors by 27.0% in the 4th quarter. Stratos Wealth Partners LTD. now owns 4,788 shares of the semiconductor provider’s stock worth $1,100,000 after purchasing an additional 1,019 shares in the last quarter. Invera Wealth Advisors LLC purchased a new position in shares of NXP Semiconductors in the fourth quarter worth $1,786,000. Finally, Kentucky Retirement Systems purchased a new position in shares of NXP Semiconductors in the third quarter worth $4,272,000. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Down 2.2 %

NASDAQ:NXPI traded down $4.95 during mid-day trading on Thursday, reaching $221.97. The company’s stock had a trading volume of 1,308,969 shares, compared to its average volume of 2,295,466. 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 has a 1 year low of $155.31 and a 1 year high of $264.26. The stock has a fifty day moving average of $241.93 and a 200-day moving average of $218.41. The firm has a market capitalization of $56.85 billion, a PE ratio of 21.19, a price-to-earnings-growth ratio of 0.87 and a beta of 1.59.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share for the quarter, topping the consensus estimate of $3.33 by $0.04. NXP Semiconductors had a net margin of 21.07% and a return on equity of 38.94%. The firm had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $3.40 billion. Equities research analysts forecast that NXP Semiconductors will post 12.28 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Thursday, March 21st were paid a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $4.06 annualized dividend and a yield of 1.83%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 37.91%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Evercore ISI initiated coverage on NXP Semiconductors in a report on Tuesday. They issued an “outperform” rating and a $300.00 price objective for the company. Mizuho boosted their price objective on shares of NXP Semiconductors from $220.00 to $225.00 and gave the company a “neutral” rating in a report on Wednesday, February 7th. Susquehanna raised their target price on shares of NXP Semiconductors from $200.00 to $225.00 and gave the stock a “neutral” rating in a report on Wednesday, February 7th. StockNews.com raised shares of NXP Semiconductors from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, TD Cowen increased their price target on NXP Semiconductors from $270.00 to $300.00 and gave the company an “outperform” rating in a report on Tuesday, March 12th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, NXP Semiconductors currently has an average rating of “Moderate Buy” and an average target price of $242.29.

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.