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

Colton Groome Financial Advisors LLC grew its position in NXP Semiconductors (NASDAQ:NXPI) by 34.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). 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 SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new position in NXP Semiconductors during the fourth quarter worth approximately $326,580,000. Moneta Group Investment Advisors LLC purchased a new position in NXP Semiconductors during the fourth quarter worth approximately $267,123,000. Price T Rowe Associates Inc. MD lifted its position in NXP Semiconductors by 44.5% during 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 buying an additional 1,360,582 shares in the last quarter. Barclays PLC lifted its position in NXP Semiconductors by 94.6% during the second quarter. Barclays PLC now owns 1,143,813 shares of the semiconductor provider’s stock worth $234,116,000 after buying an additional 556,178 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new position in NXP Semiconductors during the first quarter worth approximately $98,687,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Down 3.3 %

Shares of NASDAQ:NXPI traded down $7.57 on Thursday, hitting $219.35. 3,494,838 shares of the company’s stock were exchanged, compared to its average volume of 2,325,412. The firm’s 50-day moving average is $241.93 and its 200 day moving average is $218.41. The company has a market capitalization of $56.18 billion, a PE ratio of 21.19, a P/E/G 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 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 released 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 during 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%. Sell-side analysts predict that NXP Semiconductors will post 12.28 EPS for the current year.

NXP Semiconductors Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on NXPI shares. Morgan Stanley lifted their price objective on NXP Semiconductors from $221.00 to $224.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. Barclays upgraded NXP Semiconductors from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $200.00 to $260.00 in a research report on Tuesday, January 16th. JPMorgan Chase & Co. lifted their target price on NXP Semiconductors from $220.00 to $240.00 and gave the company a “neutral” rating in a research report on Wednesday, February 7th. Oppenheimer lifted their target price on NXP Semiconductors from $220.00 to $250.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Finally, Wolfe Research upgraded NXP Semiconductors from a “peer perform” rating to an “outperform” rating and set a $255.00 target price on the stock in a research report on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $242.29.

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.