Ballentine Partners LLC Raises Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Ballentine Partners LLC raised its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 163.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,381 shares of the semiconductor provider’s stock after purchasing an additional 2,099 shares during the period. Ballentine Partners LLC’s holdings in NXP Semiconductors were worth $703,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of NXPI. ORG Wealth Partners LLC boosted its holdings in NXP Semiconductors by 915.4% in the 4th quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock worth $27,000 after buying an additional 119 shares during the last quarter. FSA Wealth Management LLC acquired a new stake in shares of NXP Semiconductors in the third quarter worth approximately $33,000. Brooklyn Investment Group increased its position in shares of NXP Semiconductors by 69.5% during the fourth quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock worth $33,000 after purchasing an additional 66 shares in the last quarter. Fortitude Family Office LLC increased its position in shares of NXP Semiconductors by 52.4% during the fourth quarter. Fortitude Family Office LLC now owns 218 shares of the semiconductor provider’s stock worth $45,000 after purchasing an additional 75 shares in the last quarter. Finally, Avior Wealth Management LLC raised its stake in NXP Semiconductors by 182.1% in the 3rd quarter. Avior Wealth Management LLC now owns 220 shares of the semiconductor provider’s stock valued at $53,000 after purchasing an additional 142 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Stock Performance

NASDAQ:NXPI opened at $216.09 on Thursday. NXP Semiconductors has a fifty-two week low of $202.25 and a fifty-two week high of $296.08. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.60 and a current ratio of 2.35. The company has a 50 day moving average price of $217.08 and a 200 day moving average price of $235.07. The stock has a market capitalization of $54.92 billion, a P/E ratio of 20.62, a PEG ratio of 3.24 and a beta of 1.47.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results 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 business had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.25 billion. During the same period last year, the business posted $3.31 earnings per share. The company’s quarterly revenue was down 5.4% on a year-over-year basis. Equities research analysts forecast that NXP Semiconductors will post 11.33 EPS for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th were given a dividend of $1.014 per share. The ex-dividend date was Thursday, December 5th. This represents a $4.06 annualized dividend and a dividend yield of 1.88%. NXP Semiconductors’s dividend payout ratio is presently 38.74%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $270.00 target price on shares of NXP Semiconductors in a research note on Monday, November 4th. Evercore ISI lowered their price target on shares of NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Stifel Nicolaus cut their price objective on shares of NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating for the company in a report on Thursday, October 17th. Oppenheimer lowered their target price on NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Finally, UBS Group cut their price target on NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $270.85.

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.