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

Yousif Capital Management LLC reduced its position in NXP Semiconductors (NASDAQ:NXPI) by 2.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,325 shares of the semiconductor provider’s stock after selling 881 shares during the quarter. Yousif Capital Management LLC’s holdings in NXP Semiconductors were worth $6,511,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Czech National Bank lifted its holdings in shares of NXP Semiconductors by 6.6% in the 3rd quarter. Czech National Bank now owns 51,891 shares of the semiconductor provider’s stock worth $12,454,000 after acquiring an additional 3,198 shares during the last quarter. Mather Group LLC. lifted its stake in NXP Semiconductors by 43.5% in the third quarter. Mather Group LLC. now owns 812 shares of the semiconductor provider’s stock worth $195,000 after purchasing an additional 246 shares during the last quarter. CWM LLC boosted its position in NXP Semiconductors by 14.8% during the third quarter. CWM LLC now owns 5,044 shares of the semiconductor provider’s stock valued at $1,211,000 after buying an additional 649 shares during the period. Patten Group Inc. increased its holdings in shares of NXP Semiconductors by 1.9% in the third quarter. Patten Group Inc. now owns 3,520 shares of the semiconductor provider’s stock worth $845,000 after buying an additional 66 shares during the period. Finally, Perpetual Ltd increased its holdings in shares of NXP Semiconductors by 5.9% in the third quarter. Perpetual Ltd now owns 4,658 shares of the semiconductor provider’s stock worth $1,118,000 after buying an additional 258 shares during the period. 90.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Evercore ISI reduced their price target on NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Wells Fargo & Company initiated coverage on shares of NXP Semiconductors in a report on Friday, November 22nd. They issued an “overweight” rating and a $250.00 target price on the stock. Citigroup upgraded shares of NXP Semiconductors from a “sell” rating to a “neutral” rating and upped their price target for the company from $200.00 to $210.00 in a report on Wednesday. Stifel Nicolaus cut their price target on shares of NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating on the stock in a report on Wednesday. Finally, Mizuho set a $290.00 target price on shares of NXP Semiconductors in a report on Friday, October 18th. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $263.15.

NXP Semiconductors Price Performance

Shares of NXPI opened at $216.82 on Friday. NXP Semiconductors has a fifty-two week low of $198.21 and a fifty-two week high of $296.08. The firm’s 50-day simple moving average is $214.42 and its two-hundred day simple moving average is $230.24. The stock has a market cap of $55.11 billion, a PE ratio of 20.69, a price-to-earnings-growth ratio of 3.14 and a beta of 1.46. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.60 and a current ratio of 2.35.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, beating analysts’ consensus estimates of $3.43 by $0.02. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The company had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.25 billion. During the same quarter last year, the company earned $3.31 EPS. The firm’s revenue for the quarter was down 5.4% on a year-over-year basis. Analysts anticipate that NXP Semiconductors will post 11.33 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, January 8th. Stockholders of record on Thursday, December 5th were issued a dividend of $1.014 per share. The ex-dividend date was Thursday, December 5th. This represents a $4.06 annualized dividend and a dividend yield of 1.87%. NXP Semiconductors’s payout ratio is presently 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.