My Legacy Advisors LLC Lowers Stock Position in NXP Semiconductors (NASDAQ:NXPI)

My Legacy Advisors LLC reduced its holdings in NXP Semiconductors (NASDAQ:NXPI) by 33.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,197 shares of the semiconductor provider’s stock after selling 1,600 shares during the quarter. My Legacy Advisors LLC’s holdings in NXP Semiconductors were worth $683,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State Street Corp boosted its position in shares of NXP Semiconductors by 1.3% during the 3rd quarter. State Street Corp now owns 10,675,415 shares of the semiconductor provider’s stock worth $2,572,694,000 after purchasing an additional 139,641 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of NXP Semiconductors by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 5,145,932 shares of the semiconductor provider’s stock worth $1,231,533,000 after acquiring an additional 57,762 shares during the period. Franklin Resources Inc. increased its stake in NXP Semiconductors by 2.1% in the 3rd quarter. Franklin Resources Inc. now owns 4,459,689 shares of the semiconductor provider’s stock valued at $1,063,322,000 after purchasing an additional 93,129 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of NXP Semiconductors by 67.2% during the 3rd quarter. Van ECK Associates Corp now owns 3,041,129 shares of the semiconductor provider’s stock worth $718,680,000 after buying an additional 1,222,736 shares during the last quarter. Finally, Janus Henderson Group PLC grew its stake in NXP Semiconductors by 0.7% in the 3rd quarter. Janus Henderson Group PLC now owns 2,730,933 shares of the semiconductor provider’s stock valued at $655,453,000 after acquiring an additional 20,145 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on NXPI shares. Loop Capital assumed coverage on NXP Semiconductors in a research note on Monday, November 11th. They issued a “buy” rating and a $300.00 target price on the stock. TD Cowen cut their price objective on shares of NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating for the company in a research report on Friday, November 8th. StockNews.com lowered shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. UBS Group reduced their price target on NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Finally, Evercore ISI decreased their target price 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. One analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $271.60.

NXP Semiconductors Trading Up 2.2 %

NXPI opened at $215.36 on Friday. The firm’s 50 day moving average is $217.51 and its 200-day moving average is $236.39. NXP Semiconductors has a 52-week low of $202.25 and a 52-week 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 firm has a market capitalization of $54.74 billion, a P/E ratio of 20.55, a P/E/G ratio of 3.11 and a beta of 1.47.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 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 during the quarter, compared to the consensus estimate of $3.25 billion. During the same quarter in the prior year, the business posted $3.31 earnings per share. NXP Semiconductors’s revenue for the quarter was down 5.4% on a year-over-year basis. Analysts expect that NXP Semiconductors will post 11.33 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

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

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.