PNC Financial Services Group Inc. Purchases 989 Shares of NXP Semiconductors (NASDAQ:NXPI)

PNC Financial Services Group Inc. grew its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 1.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 72,877 shares of the semiconductor provider’s stock after buying an additional 989 shares during the period. PNC Financial Services Group Inc.’s holdings in NXP Semiconductors were worth $16,738,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Operose Advisors LLC acquired a new stake in shares of NXP Semiconductors during the 3rd quarter worth $26,000. Valley National Advisers Inc. lifted its position in NXP Semiconductors by 98.6% during the fourth quarter. Valley National Advisers Inc. now owns 137 shares of the semiconductor provider’s stock worth $31,000 after purchasing an additional 68 shares during the period. Atticus Wealth Management LLC grew its stake in NXP Semiconductors by 358.7% during the third quarter. Atticus Wealth Management LLC now owns 211 shares of the semiconductor provider’s stock worth $42,000 after buying an additional 165 shares in the last quarter. Avalon Trust Co acquired a new stake in NXP Semiconductors during the fourth quarter worth about $42,000. Finally, Valued Wealth Advisors LLC bought a new position in NXP Semiconductors in the 4th quarter valued at about $54,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on NXPI. StockNews.com upgraded shares of NXP Semiconductors from a “hold” rating to a “buy” rating in a research report on Wednesday, May 8th. Jefferies Financial Group started coverage on NXP Semiconductors in a report on Monday, May 13th. They set a “buy” rating and a $325.00 price target for the company. UBS Group raised their price objective on NXP Semiconductors from $230.00 to $270.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. Oppenheimer boosted their target price on NXP Semiconductors from $250.00 to $295.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Finally, Needham & Company LLC increased their target price on shares of NXP Semiconductors from $250.00 to $280.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $263.00.

NXP Semiconductors Stock Up 0.3 %

NXPI stock opened at $274.42 on Wednesday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.64 and a current ratio of 2.35. NXP Semiconductors has a fifty-two week low of $163.26 and a fifty-two week high of $275.49. The stock’s 50 day simple moving average is $246.43 and its 200 day simple moving average is $229.26. The company has a market cap of $70.16 billion, a P/E ratio of 25.34, a price-to-earnings-growth ratio of 0.99 and a beta of 1.54.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Monday, April 29th. The semiconductor provider reported $2.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.78 by $0.07. The company had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.13 billion. NXP Semiconductors had a return on equity of 37.65% and a net margin of 21.24%. On average, research analysts expect that NXP Semiconductors will post 12.44 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Thursday, March 21st were issued a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $4.06 annualized dividend and a yield of 1.48%. NXP Semiconductors’s dividend payout ratio (DPR) is currently 37.49%.

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.