Bowman & Co S.C. Acquires 198 Shares of NXP Semiconductors (NASDAQ:NXPI)

Bowman & Co S.C. grew its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 3.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,772 shares of the semiconductor provider’s stock after acquiring an additional 198 shares during the quarter. Bowman & Co S.C.’s holdings in NXP Semiconductors were worth $1,199,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Smith Salley Wealth Management boosted its holdings in shares of NXP Semiconductors by 0.9% in the 4th quarter. Smith Salley Wealth Management now owns 97,602 shares of the semiconductor provider’s stock worth $20,287,000 after purchasing an additional 834 shares in the last quarter. HB Wealth Management LLC lifted its position in NXP Semiconductors by 9.3% in the 4th quarter. HB Wealth Management LLC now owns 3,537 shares of the semiconductor provider’s stock worth $735,000 after buying an additional 302 shares during the last quarter. Trust Co. of Vermont boosted its stake in NXP Semiconductors by 22.9% in the fourth quarter. Trust Co. of Vermont now owns 3,599 shares of the semiconductor provider’s stock worth $748,000 after buying an additional 670 shares in the last quarter. Brooklyn Investment Group grew its position in NXP Semiconductors by 69.5% during the fourth quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock valued at $33,000 after acquiring an additional 66 shares during the last quarter. Finally, Merit Financial Group LLC purchased a new position in shares of NXP Semiconductors during the fourth quarter worth approximately $360,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Analyst Ratings Changes

NXPI has been the subject of a number of research reports. Loop Capital assumed coverage on shares of NXP Semiconductors in a research note on Monday, November 11th. They issued a “buy” rating and a $300.00 price objective for the company. Barclays cut their price target on shares of NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a research report on Friday. Mizuho set a $290.00 price objective on NXP Semiconductors in a report on Friday, October 18th. Evercore ISI dropped their target price on NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Finally, Susquehanna decreased their price target on NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $271.60.

NXP Semiconductors Trading Up 2.2 %

NASDAQ:NXPI opened at $215.36 on Friday. The company has a 50-day moving average price of $217.51 and a 200-day moving average price of $236.39. The stock has a market cap of $54.74 billion, a price-to-earnings ratio of 20.55, a P/E/G ratio of 3.11 and a beta of 1.47. The company has a current ratio of 2.35, a quick ratio of 1.60 and a debt-to-equity ratio of 0.99. NXP Semiconductors has a 12 month low of $202.25 and a 12 month high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, topping the consensus estimate of $3.43 by $0.02. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The business had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.25 billion. During the same period last year, the business posted $3.31 earnings per share. NXP Semiconductors’s quarterly revenue was down 5.4% compared to the same quarter last year. Equities analysts predict that NXP Semiconductors will post 11.33 EPS for the current year.

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Thursday, December 5th were paid a $1.014 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $4.06 annualized dividend and a yield of 1.88%. NXP Semiconductors’s payout ratio is 38.74%.

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.