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

Pallas Capital Advisors LLC decreased its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 1.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,338 shares of the semiconductor provider’s stock after selling 258 shares during the quarter. Pallas Capital Advisors LLC’s holdings in NXP Semiconductors were worth $2,772,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. ORG Wealth Partners LLC raised its position in 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 in the last quarter. FSA Wealth Management LLC acquired a new stake in shares of NXP Semiconductors in the 3rd quarter valued at $33,000. Fortitude Family Office LLC increased its position in 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 buying an additional 75 shares during the last quarter. Avior Wealth Management LLC increased its position in NXP Semiconductors by 182.1% during the third quarter. Avior Wealth Management LLC now owns 220 shares of the semiconductor provider’s stock worth $53,000 after buying an additional 142 shares during the last quarter. Finally, Fairfield Financial Advisors LTD bought a new position in NXP Semiconductors during the second quarter valued at about $54,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Trading Up 0.0 %

Shares of NXPI traded up $0.08 during trading hours on Monday, hitting $206.83. 1,628,979 shares of the stock traded hands, compared to its average volume of 2,063,696. The business has a fifty day moving average of $219.62 and a 200-day moving average of $237.91. The company has a current ratio of 2.35, a quick ratio of 1.60 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $52.57 billion, a PE ratio of 19.74, a price-to-earnings-growth ratio of 4.37 and a beta of 1.47. NXP Semiconductors has a 1-year low of $201.58 and a 1-year high of $296.08.

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

NXP Semiconductors Dividend Announcement

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 $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend was Thursday, December 5th. NXP Semiconductors’s payout ratio is presently 38.65%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Truist Financial cut their price objective on NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Needham & Company LLC decreased their price objective on shares of NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $270.00 target price on shares of NXP Semiconductors in a report on Monday, November 4th. Mizuho set a $290.00 price target on NXP Semiconductors in a research report on Friday, October 18th. Finally, Citic Securities started coverage on NXP Semiconductors in a research report on Friday, October 11th. They set a $288.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, NXP Semiconductors presently has an average rating of “Moderate Buy” and a consensus price target of $273.19.

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.