Global X Japan Co. Ltd. Cuts Position in NXP Semiconductors (NASDAQ:NXPI)

Global X Japan Co. Ltd. trimmed its holdings in NXP Semiconductors (NASDAQ:NXPI) by 19.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 15,703 shares of the semiconductor provider’s stock after selling 3,850 shares during the quarter. Global X Japan Co. Ltd.’s holdings in NXP Semiconductors were worth $3,264,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. GDS Wealth Management increased its holdings in shares of NXP Semiconductors by 7.7% in the third quarter. GDS Wealth Management now owns 55,740 shares of the semiconductor provider’s stock worth $13,378,000 after buying an additional 3,985 shares during the period. HITE Hedge Asset Management LLC bought a new stake in NXP Semiconductors in the third quarter valued at approximately $13,445,000. Merit Financial Group LLC purchased a new stake in shares of NXP Semiconductors during the fourth quarter valued at approximately $360,000. Banque Cantonale Vaudoise boosted its stake in shares of 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 purchasing an additional 9,710 shares during the period. Finally, Austin Private Wealth LLC grew its holdings in shares of NXP Semiconductors by 140.6% in the fourth quarter. Austin Private Wealth LLC now owns 3,198 shares of the semiconductor provider’s stock worth $665,000 after purchasing an additional 1,869 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Performance

NASDAQ NXPI opened at $216.82 on Friday. The company has a quick ratio of 1.60, a current ratio of 2.35 and a debt-to-equity ratio of 0.99. NXP Semiconductors has a twelve month low of $198.21 and a twelve month high of $296.08. The business has a 50-day moving average price of $214.42 and a 200-day moving average price of $230.24. The firm has a market cap of $55.11 billion, a price-to-earnings ratio of 20.69, a price-to-earnings-growth ratio of 3.14 and a beta of 1.46.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, beating 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 net margin of 20.98% and a return on equity of 33.57%. The company’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter last year, the business posted $3.31 earnings per share. As a group, equities research analysts predict that NXP Semiconductors will post 11.33 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th were paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date was Thursday, December 5th. NXP Semiconductors’s payout ratio is 38.74%.

Analyst Ratings Changes

A number of analysts have recently weighed in on NXPI shares. StockNews.com lowered shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Wednesday, January 29th. Citigroup raised shares of NXP Semiconductors from a “sell” rating to a “neutral” rating and increased their price target for the stock from $200.00 to $210.00 in a research note on Wednesday. UBS Group reduced their target price on NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Susquehanna decreased their target price on NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, Evercore ISI dropped 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. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, NXP Semiconductors presently has an average rating of “Moderate Buy” and an average price target of $263.15.

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.