Palouse Capital Management Inc. Lowers Stake in NXP Semiconductors (NASDAQ:NXPI)

Palouse Capital Management Inc. lessened its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 0.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 8,804 shares of the semiconductor provider’s stock after selling 63 shares during the quarter. Palouse Capital Management Inc.’s holdings in NXP Semiconductors were worth $1,830,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in NXPI. Global Retirement Partners LLC boosted its position in shares of NXP Semiconductors by 5.9% in the third quarter. Global Retirement Partners LLC now owns 2,083 shares of the semiconductor provider’s stock worth $500,000 after buying an additional 116 shares during the period. Trust Co. of Vermont boosted its position in shares of NXP Semiconductors by 14.9% in the third quarter. Trust Co. of Vermont now owns 2,929 shares of the semiconductor provider’s stock worth $703,000 after buying an additional 380 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of NXP Semiconductors by 8.9% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 27,525 shares of the semiconductor provider’s stock worth $6,606,000 after buying an additional 2,248 shares during the period. Net Worth Advisory Group purchased a new stake in shares of NXP Semiconductors in the third quarter worth about $605,000. Finally, Blue Trust Inc. boosted its position in shares of NXP Semiconductors by 14.3% in the third quarter. Blue Trust Inc. now owns 2,881 shares of the semiconductor provider’s stock worth $691,000 after buying an additional 361 shares during the period. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on NXPI shares. Loop Capital started coverage on NXP Semiconductors in a research report on Monday, November 11th. They issued a “buy” rating and a $300.00 target price for the company. TD Cowen reduced their price target on NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating for the company in a report on Friday, November 8th. Oppenheimer reduced their price target on NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Susquehanna reduced their price target on NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Finally, Morgan Stanley raised NXP Semiconductors from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $231.00 to $257.00 in a report on Wednesday. Five analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $264.45.

NXP Semiconductors Trading Up 2.1 %

NASDAQ:NXPI opened at $224.14 on Friday. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. The business’s 50 day moving average is $213.16 and its two-hundred day moving average is $228.34. NXP Semiconductors has a 52 week low of $198.21 and a 52 week high of $296.08. The company has a market cap of $56.97 billion, a PE ratio of 23.04, a P/E/G ratio of 2.64 and a beta of 1.46.

NXP Semiconductors Announces Dividend

The business 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. This represents a $4.06 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend was Thursday, December 5th. NXP Semiconductors’s dividend payout ratio (DPR) is 41.73%.

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.