Wright Investors Service Inc. Lowers Stake in NXP Semiconductors (NASDAQ:NXPI)

Wright Investors Service Inc. cut its position in NXP Semiconductors (NASDAQ:NXPI) by 23.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,975 shares of the semiconductor provider’s stock after selling 916 shares during the period. Wright Investors Service Inc.’s holdings in NXP Semiconductors were worth $618,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of NXPI. GDS Wealth Management grew its holdings in NXP Semiconductors by 7.7% during the 3rd quarter. GDS Wealth Management now owns 55,740 shares of the semiconductor provider’s stock valued at $13,378,000 after buying an additional 3,985 shares in the last quarter. HITE Hedge Asset Management LLC bought a new position in shares of NXP Semiconductors during the third quarter worth $13,445,000. Banque Cantonale Vaudoise grew its stake in NXP Semiconductors by 60.2% during the third quarter. Banque Cantonale Vaudoise now owns 25,850 shares of the semiconductor provider’s stock valued at $6,204,000 after acquiring an additional 9,710 shares in the last quarter. Mackenzie Financial Corp increased its holdings in NXP Semiconductors by 21.1% in the 2nd quarter. Mackenzie Financial Corp now owns 154,293 shares of the semiconductor provider’s stock valued at $41,519,000 after acquiring an additional 26,851 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in NXP Semiconductors by 1.9% in the 3rd quarter. Principal Financial Group Inc. now owns 303,895 shares of the semiconductor provider’s stock worth $72,938,000 after purchasing an additional 5,722 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on NXPI shares. The Goldman Sachs Group upgraded NXP Semiconductors from a “neutral” rating to a “buy” rating and cut their price objective for the company from $260.00 to $257.00 in a research report on Friday. UBS Group reduced their price objective on NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Loop Capital initiated coverage on NXP Semiconductors in a report on Monday, November 11th. They set a “buy” rating and a $300.00 price objective on the stock. Needham & Company LLC cut their target price on shares of NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Finally, Susquehanna decreased their price target on shares of NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and a consensus target price of $273.19.

NXP Semiconductors Stock Performance

NXPI stock opened at $206.83 on Tuesday. The firm has a market cap of $52.57 billion, a price-to-earnings ratio of 19.74, a PEG ratio of 4.37 and a beta of 1.47. NXP Semiconductors has a twelve month low of $201.58 and a twelve month 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. The business’s fifty day simple moving average is $219.02 and its two-hundred day simple moving average is $237.50.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, topping the consensus estimate of $3.43 by $0.02. The company had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.25 billion. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The firm’s revenue was down 5.4% compared to the same quarter last year. During the same quarter last year, the firm posted $3.31 EPS. Analysts predict that NXP Semiconductors will post 11.33 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Investors 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 1.96%. NXP Semiconductors’s payout ratio is 38.65%.

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.