NXP Semiconductors (NASDAQ:NXPI) Holdings Decreased by Trust Investment Advisors

Trust Investment Advisors lessened its stake in NXP Semiconductors (NASDAQ:NXPI) by 1.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,885 shares of the semiconductor provider’s stock after selling 95 shares during the period. NXP Semiconductors accounts for 1.4% of Trust Investment Advisors’ portfolio, making the stock its 17th biggest holding. Trust Investment Advisors’ holdings in NXP Semiconductors were worth $1,811,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of NXPI. Norges Bank bought a new stake in shares of NXP Semiconductors in the 4th quarter worth $326,580,000. Moneta Group Investment Advisors LLC bought a new stake in NXP Semiconductors in the fourth quarter worth about $267,123,000. Price T Rowe Associates Inc. MD lifted its holdings in NXP Semiconductors by 44.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,417,231 shares of the semiconductor provider’s stock valued at $823,704,000 after acquiring an additional 1,360,582 shares during the last quarter. Barclays PLC boosted its position in shares of NXP Semiconductors by 94.6% during the 2nd quarter. Barclays PLC now owns 1,143,813 shares of the semiconductor provider’s stock valued at $234,116,000 after purchasing an additional 556,178 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new position in shares of NXP Semiconductors during the 1st quarter valued at about $98,687,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on NXPI shares. Mizuho increased their target price on shares of NXP Semiconductors from $220.00 to $225.00 and gave the company a “neutral” rating in a research note on Wednesday, February 7th. TD Cowen upped their price objective on shares of NXP Semiconductors from $270.00 to $300.00 and gave the company an “outperform” rating in a research note on Tuesday, March 12th. StockNews.com raised shares of NXP Semiconductors from a “hold” rating to a “buy” rating in a research report on Tuesday. Truist Financial upped their price target on shares of NXP Semiconductors from $264.00 to $265.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Finally, JPMorgan Chase & Co. raised their price objective on shares of NXP Semiconductors from $220.00 to $240.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, NXP Semiconductors has an average rating of “Moderate Buy” and an average target price of $242.29.

NXP Semiconductors Stock Down 3.3 %

Shares of NASDAQ NXPI traded down $7.57 during trading hours on Thursday, hitting $219.35. The stock had a trading volume of 3,383,527 shares, compared to its average volume of 2,323,931. The firm’s 50-day moving average price is $241.93 and its two-hundred day moving average price is $218.41. NXP Semiconductors has a 52 week low of $155.31 and a 52 week high of $264.26. The company has a market capitalization of $56.18 billion, a P/E ratio of 21.19, a P/E/G ratio of 0.87 and a beta of 1.59. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.39 and a current ratio of 1.91.

NXP Semiconductors (NASDAQ:NXPI) last posted its earnings results on Monday, February 5th. The semiconductor provider reported $3.37 EPS for the quarter, topping the consensus estimate of $3.33 by $0.04. NXP Semiconductors had a net margin of 21.07% and a return on equity of 38.94%. The company had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.40 billion. Analysts anticipate that NXP Semiconductors will post 12.28 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

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

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.