Jacobs & Co. CA Reduces Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Jacobs & Co. CA lowered its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 0.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,959 shares of the semiconductor provider’s stock after selling 122 shares during the period. Jacobs & Co. CA’s holdings in NXP Semiconductors were worth $5,732,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. IFG Advisory LLC purchased a new stake in shares of NXP Semiconductors in the 4th quarter worth about $223,000. Highland Capital Management LLC lifted its position in shares of NXP Semiconductors by 22.7% in the 4th quarter. Highland Capital Management LLC now owns 6,766 shares of the semiconductor provider’s stock worth $1,554,000 after purchasing an additional 1,250 shares during the period. Schechter Investment Advisors LLC purchased a new stake in shares of NXP Semiconductors in the 4th quarter worth about $212,000. Atticus Wealth Management LLC lifted its position in shares of NXP Semiconductors by 37.4% in the 4th quarter. Atticus Wealth Management LLC now owns 290 shares of the semiconductor provider’s stock worth $67,000 after purchasing an additional 79 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position in shares of NXP Semiconductors by 46.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 89,297 shares of the semiconductor provider’s stock worth $20,510,000 after purchasing an additional 28,518 shares during the period. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Performance

Shares of NASDAQ NXPI opened at $245.44 on Thursday. The firm’s 50-day moving average price is $234.24 and its 200-day moving average price is $213.77. The company has a quick ratio of 1.39, a current ratio of 1.91 and a debt-to-equity ratio of 1.14. The company has a market cap of $62.95 billion, a PE ratio of 22.92, a PEG ratio of 0.90 and a beta of 1.60. NXP Semiconductors has a 52-week low of $155.31 and a 52-week high of $264.26.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data 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 company had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.40 billion. NXP Semiconductors had a net margin of 21.07% and a return on equity of 38.94%. As a group, analysts anticipate that NXP Semiconductors will post 12.28 EPS for the current year.

NXP Semiconductors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 10th. Investors of record on Thursday, March 21st will be issued a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend is Wednesday, March 20th. NXP Semiconductors’s payout ratio is 37.91%.

Insider Buying and Selling

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 2,120 shares of NXP Semiconductors stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $227.26, for a total transaction of $481,791.20. Following the transaction, the executive vice president now owns 38,229 shares of the company’s stock, valued at $8,687,922.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $270.00 target price on shares of NXP Semiconductors in a research report on Monday, March 4th. Barclays upgraded shares of NXP Semiconductors from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $200.00 to $260.00 in a research note on Tuesday, January 16th. Susquehanna increased their price target on shares of NXP Semiconductors from $200.00 to $225.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 7th. Truist Financial increased their price target on shares of NXP Semiconductors from $264.00 to $265.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Finally, Stifel Nicolaus increased their price target on shares of NXP Semiconductors from $190.00 to $210.00 and gave the stock a “hold” rating in a research note on Tuesday, January 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $238.75.

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.