Peregrine Asset Advisers Inc. Sells 50 Shares of NXP Semiconductors (NASDAQ:NXPI)

Peregrine Asset Advisers Inc. lowered its holdings in NXP Semiconductors (NASDAQ:NXPI) by 1.3% in the 4th quarter, HoldingsChannel reports. The firm owned 3,715 shares of the semiconductor provider’s stock after selling 50 shares during the quarter. Peregrine Asset Advisers Inc.’s holdings in NXP Semiconductors were worth $853,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Apollon Wealth Management LLC raised its stake in shares of NXP Semiconductors by 38.0% during the 4th quarter. Apollon Wealth Management LLC now owns 3,642 shares of the semiconductor provider’s stock worth $836,000 after acquiring an additional 1,003 shares in the last quarter. Lincoln National Corp raised its stake in shares of NXP Semiconductors by 1.9% during the 4th quarter. Lincoln National Corp now owns 2,473 shares of the semiconductor provider’s stock worth $568,000 after acquiring an additional 46 shares in the last quarter. Private Advisor Group LLC raised its stake in shares of NXP Semiconductors by 668.3% during the 4th quarter. Private Advisor Group LLC now owns 13,637 shares of the semiconductor provider’s stock worth $3,132,000 after acquiring an additional 11,862 shares in the last quarter. Avidian Wealth Solutions LLC raised its stake in shares of NXP Semiconductors by 5.5% during the 4th quarter. Avidian Wealth Solutions LLC now owns 2,938 shares of the semiconductor provider’s stock worth $675,000 after acquiring an additional 154 shares in the last quarter. Finally, Avalon Trust Co bought a new position in shares of NXP Semiconductors during the 4th quarter worth approximately $42,000. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Price Performance

NASDAQ:NXPI traded up $1.78 during trading hours on Monday, reaching $259.63. 2,213,598 shares of the company were exchanged, compared to its average volume of 2,398,875. The stock’s 50-day moving average is $243.28 and its 200-day moving average is $222.43. The firm has a market cap of $66.38 billion, a PE ratio of 23.97, a price-to-earnings-growth ratio of 0.94 and a beta of 1.54. The company has a current ratio of 2.35, a quick ratio of 1.64 and a debt-to-equity ratio of 1.11. NXP Semiconductors has a twelve month low of $161.23 and a twelve month high of $264.26.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Monday, February 5th. The semiconductor provider reported $3.37 EPS for the quarter, beating analysts’ consensus estimates of $3.33 by $0.04. The business had revenue of $3.42 billion during the quarter, compared to analysts’ expectations 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 anticipate that NXP Semiconductors will post 12.41 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Thursday, March 21st were given a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend was Wednesday, March 20th. NXP Semiconductors’s dividend payout ratio (DPR) is 37.49%.

Analysts Set New Price Targets

Several research analysts recently commented on NXPI shares. Cantor Fitzgerald reiterated an “overweight” rating and set a $290.00 price objective on shares of NXP Semiconductors in a research note on Tuesday, April 30th. Needham & Company LLC boosted their target price on shares of NXP Semiconductors from $250.00 to $280.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Wolfe Research raised shares of NXP Semiconductors from a “peer perform” rating to an “outperform” rating and set a $255.00 target price on the stock in a research report on Thursday, January 18th. Mizuho boosted their target price on shares of NXP Semiconductors from $225.00 to $265.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. Finally, StockNews.com downgraded shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, NXP Semiconductors presently has an average rating of “Moderate Buy” and an average price target of $257.72.

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.