NXP Semiconductors (NASDAQ:NXPI) Shares Sold by MONECO Advisors LLC

MONECO Advisors LLC lessened its position in NXP Semiconductors (NASDAQ:NXPI) by 12.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,356 shares of the semiconductor provider’s stock after selling 197 shares during the period. MONECO Advisors LLC’s holdings in NXP Semiconductors were worth $311,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NXPI. International Assets Investment Management LLC increased its holdings in shares of NXP Semiconductors by 21,013.6% during the fourth quarter. International Assets Investment Management LLC now owns 515,172 shares of the semiconductor provider’s stock valued at $118,325,000 after purchasing an additional 512,732 shares during the period. Bahl & Gaynor Inc. acquired a new position in NXP Semiconductors during the 3rd quarter valued at about $59,273,000. Northern Trust Corp raised its position in shares of NXP Semiconductors by 10.9% during the 3rd quarter. Northern Trust Corp now owns 2,154,213 shares of the semiconductor provider’s stock worth $430,670,000 after buying an additional 211,927 shares in the last quarter. Toronto Dominion Bank acquired a new stake in shares of NXP Semiconductors in the 3rd quarter worth approximately $41,270,000. Finally, Van ECK Associates Corp boosted its holdings in shares of NXP Semiconductors by 15.9% in the fourth quarter. Van ECK Associates Corp now owns 1,319,509 shares of the semiconductor provider’s stock valued at $303,065,000 after acquiring an additional 180,999 shares in the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Susquehanna boosted their target price on NXP Semiconductors from $200.00 to $225.00 and gave the stock a “neutral” rating in a report on Wednesday, February 7th. Mizuho boosted their price objective on NXP Semiconductors from $225.00 to $265.00 and gave the stock a “neutral” rating in a research note on Wednesday. Evercore ISI raised their target price on NXP Semiconductors from $300.00 to $370.00 and gave the company an “outperform” rating in a research note on Wednesday. Barclays upgraded shares of NXP Semiconductors from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $200.00 to $260.00 in a research report on Tuesday, January 16th. Finally, The Goldman Sachs Group raised their price objective on shares of NXP Semiconductors from $240.00 to $275.00 and gave the company a “neutral” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $257.72.

NXP Semiconductors Stock Down 2.6 %

NASDAQ:NXPI opened at $249.43 on Thursday. The business’s fifty day moving average price is $242.28 and its 200 day moving average price is $220.92. The firm has a market capitalization of $63.88 billion, a price-to-earnings ratio of 23.03, a PEG ratio of 0.97 and a beta of 1.54. The company has a current ratio of 2.35, a quick ratio of 1.39 and a debt-to-equity ratio of 1.11. NXP Semiconductors has a 1-year low of $161.23 and a 1-year high of $264.26.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.33 by $0.04. The business had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.40 billion. NXP Semiconductors had a net margin of 21.24% and a return on equity of 37.65%. On average, sell-side analysts forecast that NXP Semiconductors will post 12.21 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Thursday, March 21st were issued a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $4.06 dividend on an annualized basis and a yield of 1.63%. NXP Semiconductors’s dividend payout ratio is currently 37.49%.

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.