Colton Groome Financial Advisors LLC Grows Position in NXP Semiconductors (NASDAQ:NXPI)

Colton Groome Financial Advisors LLC lifted its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 34.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,514 shares of the semiconductor provider’s stock after acquiring an additional 1,165 shares during the quarter. Colton Groome Financial Advisors LLC’s holdings in NXP Semiconductors were worth $1,037,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. FMR LLC raised its holdings in NXP Semiconductors by 0.4% in the third quarter. FMR LLC now owns 25,779,812 shares of the semiconductor provider’s stock worth $5,153,900,000 after purchasing an additional 91,453 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of NXP Semiconductors by 2.0% during the first quarter. Vanguard Group Inc. now owns 10,793,360 shares of the semiconductor provider’s stock valued at $1,997,635,000 after buying an additional 210,979 shares during the last quarter. State Street Corp boosted its position in shares of NXP Semiconductors by 2.4% during the first quarter. State Street Corp now owns 10,011,984 shares of the semiconductor provider’s stock valued at $1,876,564,000 after buying an additional 232,704 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of NXP Semiconductors by 2.2% during the first quarter. Geode Capital Management LLC now owns 4,611,435 shares of the semiconductor provider’s stock valued at $857,868,000 after buying an additional 98,570 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in NXP Semiconductors by 44.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,417,231 shares of the semiconductor provider’s stock worth $823,704,000 after purchasing an additional 1,360,582 shares during the last quarter. Institutional investors own 90.54% of the company’s stock.

Analyst Ratings Changes

NXPI has been the topic of several research reports. Evercore ISI initiated coverage on NXP Semiconductors in a research report on Tuesday. They issued an “outperform” rating and a $300.00 target price on the stock. Cantor Fitzgerald raised their target price on NXP Semiconductors from $270.00 to $290.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Stifel Nicolaus raised their target price on NXP Semiconductors from $190.00 to $210.00 and gave the stock a “hold” rating in a research report on Tuesday, January 2nd. StockNews.com raised NXP Semiconductors from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, TD Cowen raised their target price on NXP Semiconductors from $270.00 to $300.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 12th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and an average target price of $242.29.

NXP Semiconductors Price Performance

NASDAQ NXPI traded down $7.57 during trading hours on Thursday, reaching $219.35. The company’s stock had a trading volume of 3,494,838 shares, compared to its average volume of 2,325,412. The company has a market capitalization of $56.18 billion, a price-to-earnings ratio of 21.19, a PEG ratio of 0.87 and a beta of 1.59. NXP Semiconductors has a 1 year low of $155.31 and a 1 year high of $264.26. The firm’s 50-day moving average price is $241.93 and its 200-day moving average price is $218.41. The company has a quick ratio of 1.39, a current ratio of 1.91 and a debt-to-equity ratio of 1.14.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.33 by $0.04. The business had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.40 billion. NXP Semiconductors had a return on equity of 38.94% and a net margin of 21.07%. On average, equities research analysts predict that NXP Semiconductors will post 12.28 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Thursday, March 21st were issued a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $4.06 annualized dividend and a dividend yield of 1.85%. NXP Semiconductors’s dividend payout ratio (DPR) is 37.91%.

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.