Steward Partners Investment Advisory LLC Has $8.78 Million Holdings in NXP Semiconductors (NASDAQ:NXPI)

Steward Partners Investment Advisory LLC trimmed its position in shares of NXP Semiconductors (NASDAQ:NXPIFree Report) by 1.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,236 shares of the semiconductor provider’s stock after selling 393 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in NXP Semiconductors were worth $8,782,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in NXPI. Operose Advisors LLC bought a new position in shares of NXP Semiconductors during the 3rd quarter valued at $26,000. Valley National Advisers Inc. lifted its position in shares of NXP Semiconductors by 98.6% in the fourth quarter. Valley National Advisers Inc. now owns 137 shares of the semiconductor provider’s stock worth $31,000 after buying an additional 68 shares during the last quarter. Atticus Wealth Management LLC boosted its stake in shares of NXP Semiconductors by 358.7% during the 3rd quarter. Atticus Wealth Management LLC now owns 211 shares of the semiconductor provider’s stock worth $42,000 after acquiring an additional 165 shares in the last quarter. Avalon Trust Co acquired a new position in shares of NXP Semiconductors during the 4th quarter valued at about $42,000. Finally, Valued Wealth Advisors LLC acquired a new stake in shares of NXP Semiconductors in the fourth quarter worth $54,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Trading Down 1.7 %

NXPI stock traded down $4.69 during midday trading on Wednesday, reaching $274.94. The company’s stock had a trading volume of 248,223 shares, compared to its average volume of 2,261,281. The business’s 50-day simple moving average is $250.03 and its 200-day simple moving average is $232.54. The stock has a market cap of $70.30 billion, a PE ratio of 25.82, a price-to-earnings-growth ratio of 2.59 and a beta of 1.54. NXP Semiconductors has a 52 week low of $167.21 and a 52 week high of $282.22. The company has a quick ratio of 1.64, a current ratio of 2.35 and a debt-to-equity ratio of 1.11.

NXP Semiconductors (NASDAQ:NXPIGet Free Report) last posted its quarterly earnings results on Monday, April 29th. The semiconductor provider reported $2.85 earnings per share for the quarter, beating analysts’ consensus estimates of $2.78 by $0.07. The company had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.13 billion. NXP Semiconductors had a return on equity of 37.65% and a net margin of 21.24%. As a group, sell-side analysts expect that NXP Semiconductors will post 12.46 EPS for the current year.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Thursday, March 21st were paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend was Wednesday, March 20th. NXP Semiconductors’s dividend payout ratio (DPR) is currently 37.49%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on NXPI shares. Truist Financial raised their price target on NXP Semiconductors from $265.00 to $291.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Argus upped their price target on NXP Semiconductors from $260.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. The Goldman Sachs Group raised their price objective on shares of NXP Semiconductors from $240.00 to $275.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. Susquehanna upped their target price on shares of NXP Semiconductors from $200.00 to $225.00 and gave the company a “neutral” rating in a research note on Wednesday, February 7th. Finally, Needham & Company LLC boosted their price objective on shares of NXP Semiconductors from $250.00 to $280.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $267.80.

Check Out Our Latest Research Report on NXP Semiconductors

NXP Semiconductors Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for NXP Semiconductors (NASDAQ:NXPI)

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