Renaissance Investment Group LLC Has $10.09 Million Holdings in NXP Semiconductors (NASDAQ:NXPI)

Renaissance Investment Group LLC decreased its position in NXP Semiconductors (NASDAQ:NXPI) by 0.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 48,550 shares of the semiconductor provider’s stock after selling 255 shares during the period. NXP Semiconductors makes up approximately 2.1% of Renaissance Investment Group LLC’s holdings, making the stock its 19th biggest position. Renaissance Investment Group LLC’s holdings in NXP Semiconductors were worth $10,091,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the company. ORG Wealth Partners LLC lifted its stake in shares of NXP Semiconductors by 915.4% in the 4th quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock valued at $27,000 after purchasing an additional 119 shares during the period. FSA Wealth Management LLC bought a new stake in NXP Semiconductors in the third quarter worth approximately $33,000. Brooklyn Investment Group increased its holdings in NXP Semiconductors by 69.5% in 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 lifted its stake in NXP Semiconductors by 52.4% in the fourth quarter. Fortitude Family Office LLC now owns 218 shares of the semiconductor provider’s stock valued at $45,000 after buying an additional 75 shares during the period. Finally, Avior Wealth Management LLC boosted its holdings 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 buying an additional 142 shares in the last quarter. Institutional investors own 90.54% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Barclays lowered their price objective on shares of NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a research note on Friday. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $270.00 price target on shares of NXP Semiconductors in a research note on Monday, November 4th. Needham & Company LLC cut their price objective on shares of NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Susquehanna reduced their target price on NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating for the company in a research note on Wednesday, November 6th. Finally, Loop Capital initiated coverage on NXP Semiconductors in a research note on Monday, November 11th. They set a “buy” rating and a $300.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, NXP Semiconductors has a consensus rating of “Moderate Buy” and an average price target of $271.60.

NXP Semiconductors Stock Performance

NASDAQ NXPI opened at $215.36 on Friday. The company has a fifty day moving average price of $217.51 and a 200-day moving average price of $236.39. The firm has a market cap of $54.74 billion, a price-to-earnings ratio of 20.55, a PEG ratio of 3.11 and a beta of 1.47. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.35 and a quick ratio of 1.60. NXP Semiconductors has a 1 year low of $202.25 and a 1 year high of $296.08.

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

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Thursday, December 5th were issued a dividend of $1.014 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $4.06 dividend on an annualized basis and a yield of 1.88%. NXP Semiconductors’s dividend payout ratio (DPR) is currently 38.74%.

NXP Semiconductors Company 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.