Burney Co. Lowers Position in NXP Semiconductors (NASDAQ:NXPI)

Burney Co. trimmed its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 5.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,911 shares of the semiconductor provider’s stock after selling 459 shares during the quarter. Burney Co.’s holdings in NXP Semiconductors were worth $1,644,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. ORG Wealth Partners LLC increased its position in shares of NXP Semiconductors by 915.4% during the fourth quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock valued at $27,000 after acquiring an additional 119 shares during the last quarter. FSA Wealth Management LLC bought a new position in NXP Semiconductors in the 3rd quarter valued at $33,000. Fortitude Family Office LLC increased its position in shares of NXP Semiconductors by 52.4% during the 4th quarter. Fortitude Family Office LLC now owns 218 shares of the semiconductor provider’s stock valued at $45,000 after purchasing an additional 75 shares during the last quarter. Avior Wealth Management LLC raised its stake in shares of NXP Semiconductors by 182.1% during the 3rd quarter. Avior Wealth Management LLC now owns 220 shares of the semiconductor provider’s stock worth $53,000 after purchasing an additional 142 shares during the period. Finally, GHP Investment Advisors Inc. purchased a new position in shares of NXP Semiconductors in the 3rd quarter worth about $58,000. Institutional investors own 90.54% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on NXPI. Mizuho set a $290.00 price objective on shares of NXP Semiconductors in a report on Friday, October 18th. TD Cowen lowered their price target on shares of NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $270.00 price objective on shares of NXP Semiconductors in a research note on Monday, November 4th. Citic Securities assumed coverage on NXP Semiconductors in a research report on Friday, October 11th. They issued a $288.00 target price for the company. Finally, Truist Financial dropped their price target on NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $273.19.

NXP Semiconductors Price Performance

NXP Semiconductors stock opened at $210.76 on Friday. The stock has a market cap of $53.57 billion, a price-to-earnings ratio of 20.11, a PEG ratio of 3.11 and a beta of 1.47. The company has a quick ratio of 1.60, a current ratio of 2.35 and a debt-to-equity ratio of 0.99. The business has a 50-day simple moving average of $218.39 and a 200 day simple moving average of $236.92. NXP Semiconductors has a 52 week low of $201.58 and a 52 week high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, topping the consensus estimate of $3.43 by $0.02. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The company had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.25 billion. During the same quarter in the previous year, the firm earned $3.31 earnings per share. NXP Semiconductors’s revenue was down 5.4% on a year-over-year basis. On average, research analysts forecast that NXP Semiconductors will post 11.33 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th were issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend was Thursday, December 5th. NXP Semiconductors’s dividend payout ratio is currently 38.74%.

About NXP Semiconductors

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.