Jacobs & Co. CA Cuts Position in NXP Semiconductors (NASDAQ:NXPI)

Jacobs & Co. CA decreased its position in NXP Semiconductors (NASDAQ:NXPI) by 0.5% during the 4th quarter, Holdings Channel reports. The firm owned 24,959 shares of the semiconductor provider’s stock after selling 122 shares during the quarter. Jacobs & Co. CA’s holdings in NXP Semiconductors were worth $5,732,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. FMR LLC boosted its stake in shares of NXP Semiconductors by 0.4% during the third quarter. FMR LLC now owns 25,779,812 shares of the semiconductor provider’s stock valued at $5,153,900,000 after acquiring an additional 91,453 shares during the last quarter. BlackRock Inc. boosted its stake in shares of NXP Semiconductors by 5.6% during the second quarter. BlackRock Inc. now owns 18,357,248 shares of the semiconductor provider’s stock valued at $3,757,361,000 after acquiring an additional 966,022 shares during the last quarter. Vanguard Group Inc. boosted its stake 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 acquiring an additional 210,979 shares during the last quarter. State Street Corp boosted its stake in shares of NXP Semiconductors by 1.8% during the second quarter. State Street Corp now owns 10,194,157 shares of the semiconductor provider’s stock valued at $2,096,655,000 after acquiring an additional 182,173 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake 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 acquiring an additional 98,570 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

Analyst Ratings Changes

NXPI has been the topic of a number of research analyst reports. Mizuho raised their price target on NXP Semiconductors from $220.00 to $225.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 7th. Truist Financial raised their price objective on NXP Semiconductors from $264.00 to $265.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Susquehanna raised their price objective on NXP Semiconductors from $200.00 to $225.00 and gave the stock a “neutral” rating in a report on Wednesday, February 7th. Oppenheimer raised their price objective on NXP Semiconductors from $220.00 to $250.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Finally, Stifel Nicolaus raised their price objective on NXP Semiconductors from $190.00 to $210.00 and gave the stock a “hold” rating in a report on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $238.75.

NXP Semiconductors Price Performance

Shares of NASDAQ NXPI opened at $245.44 on Thursday. NXP Semiconductors has a fifty-two week low of $155.31 and a fifty-two week high of $264.26. The business has a 50 day moving average price of $234.24 and a two-hundred day moving average price of $213.77. The company has a quick ratio of 1.39, a current ratio of 1.91 and a debt-to-equity ratio of 1.14. The firm has a market cap of $62.95 billion, a PE ratio of 22.92, a price-to-earnings-growth ratio of 0.90 and a beta of 1.60.

NXP Semiconductors (NASDAQ:NXPI) last issued 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. The company had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.40 billion. NXP Semiconductors had a return on equity of 38.94% and a net margin of 21.07%. Sell-side analysts expect that NXP Semiconductors will post 12.28 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 10th. Stockholders of record on Thursday, March 21st will be given a $1.014 dividend. The ex-dividend date is Wednesday, March 20th. This represents a $4.06 annualized dividend and a dividend yield of 1.65%. NXP Semiconductors’s payout ratio is 37.91%.

Insider Transactions at NXP Semiconductors

In other news, EVP Jennifer Wuamett sold 2,120 shares of NXP Semiconductors stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $227.26, for a total value of $481,791.20. Following the completion of the transaction, the executive vice president now owns 38,229 shares in the company, valued at approximately $8,687,922.54. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.13% of the company’s stock.

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.