NXP Semiconductors (NASDAQ:NXPI) Shares Sold by Griffin Asset Management Inc.

Griffin Asset Management Inc. decreased its holdings in NXP Semiconductors (NASDAQ:NXPI) by 4.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,184 shares of the semiconductor provider’s stock after selling 210 shares during the quarter. Griffin Asset Management Inc.’s holdings in NXP Semiconductors were worth $870,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vantage Investment Partners LLC raised its position in shares of NXP Semiconductors by 6.8% in the 4th quarter. Vantage Investment Partners LLC now owns 31,017 shares of the semiconductor provider’s stock valued at $6,447,000 after purchasing an additional 1,972 shares in the last quarter. BankPlus Wealth Management LLC acquired a new stake in NXP Semiconductors in the fourth quarter valued at $215,000. Lebenthal Global Advisors LLC boosted its stake in NXP Semiconductors by 9.3% during the 4th quarter. Lebenthal Global Advisors LLC now owns 3,424 shares of the semiconductor provider’s stock valued at $712,000 after acquiring an additional 290 shares during the last quarter. Mount Yale Investment Advisors LLC grew its holdings in NXP Semiconductors by 141.0% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 14,056 shares of the semiconductor provider’s stock worth $2,922,000 after acquiring an additional 8,224 shares in the last quarter. Finally, Pacer Advisors Inc. increased its position in shares of NXP Semiconductors by 16.0% in the 4th quarter. Pacer Advisors Inc. now owns 36,682 shares of the semiconductor provider’s stock worth $7,624,000 after purchasing an additional 5,055 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Up 0.8 %

NXP Semiconductors stock opened at $215.08 on Tuesday. NXP Semiconductors has a 52 week low of $202.25 and a 52 week high of $296.08. The stock has a market cap of $54.66 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 3.25 and a beta of 1.47. The company’s 50-day moving average price is $216.79 and its two-hundred day moving average price is $233.77. The company has a current ratio of 2.35, a quick ratio of 1.60 and a debt-to-equity ratio of 0.99.

NXP Semiconductors (NASDAQ:NXPI) last announced its 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 firm had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.25 billion. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The firm’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.31 earnings per share. On average, analysts expect that NXP Semiconductors will post 11.33 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th were given a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend was Thursday, December 5th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 38.74%.

Wall Street Analyst Weigh In

NXPI has been the subject of a number of research reports. Loop Capital initiated coverage on NXP Semiconductors in a research note on Monday, November 11th. They issued a “buy” rating and a $300.00 price target for the company. Mizuho set a $290.00 target price on NXP Semiconductors in a research report on Friday, October 18th. Stifel Nicolaus lowered their price target on NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating for the company in a report on Thursday, October 17th. Needham & Company LLC reduced their price objective on NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Finally, Evercore ISI lowered their target price on shares of NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $270.85.

NXP Semiconductors 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.