NXP Semiconductors (NASDAQ:NXPI) Shares Sold by Bard Financial Services Inc.

Bard Financial Services Inc. trimmed its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 24.4% during the fourth quarter, Holdings Channel reports. The fund owned 1,165 shares of the semiconductor provider’s stock after selling 375 shares during the quarter. Bard Financial Services Inc.’s holdings in NXP Semiconductors were worth $242,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of NXPI. GDS Wealth Management raised its position in shares of NXP Semiconductors by 7.7% in the 3rd quarter. GDS Wealth Management now owns 55,740 shares of the semiconductor provider’s stock valued at $13,378,000 after purchasing an additional 3,985 shares in the last quarter. HITE Hedge Asset Management LLC acquired a new stake in NXP Semiconductors in the third quarter valued at $13,445,000. Banque Cantonale Vaudoise boosted its stake in NXP Semiconductors by 60.2% during the 3rd quarter. Banque Cantonale Vaudoise now owns 25,850 shares of the semiconductor provider’s stock valued at $6,204,000 after acquiring an additional 9,710 shares during the last quarter. Mackenzie Financial Corp grew its holdings in NXP Semiconductors by 21.1% during the 2nd quarter. Mackenzie Financial Corp now owns 154,293 shares of the semiconductor provider’s stock worth $41,519,000 after acquiring an additional 26,851 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of NXP Semiconductors by 1.9% in the 3rd quarter. Principal Financial Group Inc. now owns 303,895 shares of the semiconductor provider’s stock worth $72,938,000 after purchasing an additional 5,722 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Price Performance

Shares of NXPI stock traded up $5.29 during midday trading on Monday, reaching $214.15. 844,633 shares of the company were exchanged, compared to its average volume of 1,511,953. The company’s 50 day moving average price is $223.05 and its two-hundred day moving average price is $239.94. The company has a market cap of $54.43 billion, a P/E ratio of 20.43, a PEG ratio of 4.37 and a beta of 1.47. NXP Semiconductors has a 12 month low of $201.58 and a 12 month high of $296.08. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.60 and a current ratio of 2.35.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, topping 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 period in the prior year, the firm posted $3.31 earnings per share. The firm’s revenue for the quarter was down 5.4% compared to the same quarter last year. On average, sell-side analysts expect that NXP Semiconductors will post 11.33 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Thursday, December 5th will be issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend is Thursday, December 5th. NXP Semiconductors’s payout ratio is currently 38.65%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. StockNews.com raised shares of NXP Semiconductors from a “hold” rating to a “buy” rating in a research report on Thursday. Susquehanna reduced their target price on NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating on the stock in a report on Wednesday, November 6th. Mizuho set a $290.00 price target on NXP Semiconductors in a report on Friday, October 18th. Barclays decreased their price objective on shares of NXP Semiconductors from $330.00 to $280.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. Finally, Morgan Stanley lowered their target price on shares of NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and a consensus target price of $274.14.

About NXP Semiconductors

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.