Royal Fund Management LLC Decreases Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Royal Fund Management LLC cut its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 29.2% in the 4th quarter, HoldingsChannel reports. The fund owned 7,703 shares of the semiconductor provider’s stock after selling 3,175 shares during the quarter. Royal Fund Management LLC’s holdings in NXP Semiconductors were worth $1,607,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. GDS Wealth Management increased its stake in shares of NXP Semiconductors by 7.7% in the third quarter. GDS Wealth Management now owns 55,740 shares of the semiconductor provider’s stock worth $13,378,000 after buying an additional 3,985 shares during the period. HITE Hedge Asset Management LLC purchased a new position in shares of NXP Semiconductors in the third quarter valued at about $13,445,000. Banque Cantonale Vaudoise raised its stake in shares of NXP Semiconductors by 60.2% during the third quarter. Banque Cantonale Vaudoise now owns 25,850 shares of the semiconductor provider’s stock valued at $6,204,000 after acquiring an additional 9,710 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in shares of NXP Semiconductors by 21.1% during the second quarter. Mackenzie Financial Corp now owns 154,293 shares of the semiconductor provider’s stock worth $41,519,000 after purchasing an additional 26,851 shares during the period. Finally, Principal Financial Group Inc. grew its stake in shares of NXP Semiconductors by 1.9% in the third quarter. Principal Financial Group Inc. now owns 303,895 shares of the semiconductor provider’s stock worth $72,938,000 after purchasing an additional 5,722 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. StockNews.com cut NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Citic Securities began coverage on shares of NXP Semiconductors in a report on Friday, October 11th. They issued a $288.00 price target on the stock. Cantor Fitzgerald restated an “overweight” rating and issued a $270.00 price objective on shares of NXP Semiconductors in a report on Monday, November 4th. The Goldman Sachs Group raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and cut their target price for the company from $260.00 to $257.00 in a research note on Friday, January 10th. Finally, Barclays reduced their target price on NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating on the stock in a report on Friday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $271.60.

NXP Semiconductors Price Performance

Shares of NASDAQ NXPI opened at $215.36 on Tuesday. The firm has a market cap of $54.74 billion, a P/E ratio of 20.55, a PEG ratio of 3.23 and a beta of 1.47. NXP Semiconductors has a twelve month low of $202.25 and a twelve month high of $296.08. 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 company has a 50 day moving average of $217.51 and a 200 day moving average of $235.89.

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 analysts’ consensus estimates of $3.43 by $0.02. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The firm had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.25 billion. During the same period in the prior year, the company posted $3.31 earnings per share. The company’s quarterly revenue was down 5.4% on a year-over-year basis. As a group, research analysts expect that NXP Semiconductors will post 11.33 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

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