Cutter & CO Brokerage Inc. Sells 295 Shares of NXP Semiconductors (NASDAQ:NXPI)

Cutter & CO Brokerage Inc. cut its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 15.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,637 shares of the semiconductor provider’s stock after selling 295 shares during the period. Cutter & CO Brokerage Inc.’s holdings in NXP Semiconductors were worth $376,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Operose Advisors LLC bought a new position in NXP Semiconductors during the 3rd quarter worth approximately $26,000. BluePath Capital Management LLC bought a new stake in shares of NXP Semiconductors in the 3rd quarter worth approximately $28,000. Valley National Advisers Inc. grew its position in shares of NXP Semiconductors by 98.6% in the 4th quarter. Valley National Advisers Inc. now owns 137 shares of the semiconductor provider’s stock worth $31,000 after buying an additional 68 shares during the last quarter. Paradigm Asset Management Co. LLC grew its position in shares of NXP Semiconductors by 100.0% in the 3rd quarter. Paradigm Asset Management Co. LLC now owns 200 shares of the semiconductor provider’s stock worth $40,000 after buying an additional 100 shares during the last quarter. Finally, Atticus Wealth Management LLC grew its position in shares of NXP Semiconductors by 358.7% in the 3rd quarter. Atticus Wealth Management LLC now owns 211 shares of the semiconductor provider’s stock worth $42,000 after buying an additional 165 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on NXPI. StockNews.com upgraded NXP Semiconductors from a “hold” rating to a “buy” rating in a research note on Tuesday, April 16th. Oppenheimer lifted their target price on NXP Semiconductors from $220.00 to $250.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Cantor Fitzgerald boosted their price target on NXP Semiconductors from $270.00 to $290.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Mizuho boosted their price objective on NXP Semiconductors from $220.00 to $225.00 and gave the company a “neutral” rating in a research report on Wednesday, February 7th. Finally, Susquehanna boosted their target price on NXP Semiconductors from $200.00 to $225.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, NXP Semiconductors presently has an average rating of “Moderate Buy” and an average price target of $242.29.

NXP Semiconductors Trading Up 3.9 %

NASDAQ:NXPI traded up $8.78 during midday trading on Wednesday, hitting $234.39. The stock had a trading volume of 2,205,895 shares, compared to its average volume of 2,336,046. NXP Semiconductors has a one year low of $155.31 and a one year high of $264.26. The company has a market capitalization of $60.03 billion, a price-to-earnings ratio of 21.07, a PEG ratio of 0.82 and a beta of 1.59. The stock has a 50-day moving average of $240.90 and a 200 day moving average of $219.18. The company has a quick ratio of 1.39, a current ratio of 1.91 and a debt-to-equity ratio of 1.14.

NXP Semiconductors (NASDAQ:NXPI) last posted its earnings results on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share for the quarter, topping analysts’ consensus estimates of $3.33 by $0.04. The company had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.40 billion. NXP Semiconductors had a return on equity of 38.94% and a net margin of 21.07%. As a group, sell-side analysts forecast that NXP Semiconductors will post 12.28 EPS for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Thursday, March 21st were issued a dividend of $1.014 per share. The ex-dividend date was Wednesday, March 20th. This represents a $4.06 annualized dividend and a dividend yield of 1.73%. NXP Semiconductors’s dividend payout ratio is presently 37.91%.

NXP Semiconductors Company 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.