Pure Financial Advisors LLC Raises Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Pure Financial Advisors LLC increased its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 8.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,399 shares of the semiconductor provider’s stock after purchasing an additional 194 shares during the period. Pure Financial Advisors LLC’s holdings in NXP Semiconductors were worth $499,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Federated Hermes Inc. raised its holdings in shares of NXP Semiconductors by 33.5% during the 2nd quarter. Federated Hermes Inc. now owns 1,617 shares of the semiconductor provider’s stock valued at $435,000 after buying an additional 406 shares during the period. Edgestream Partners L.P. purchased a new stake in shares of NXP Semiconductors during the second quarter valued at approximately $258,000. Benjamin F. Edwards & Company Inc. lifted its position in shares of NXP Semiconductors by 9.4% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 627 shares of the semiconductor provider’s stock worth $169,000 after purchasing an additional 54 shares in the last quarter. AE Wealth Management LLC boosted its stake in shares of NXP Semiconductors by 9.1% in the second quarter. AE Wealth Management LLC now owns 8,144 shares of the semiconductor provider’s stock valued at $2,191,000 after purchasing an additional 682 shares during the period. Finally, Pacer Advisors Inc. grew its holdings in NXP Semiconductors by 1.0% during the 2nd quarter. Pacer Advisors Inc. now owns 30,658 shares of the semiconductor provider’s stock valued at $8,250,000 after purchasing an additional 292 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Wells Fargo & Company initiated coverage on shares of NXP Semiconductors in a research report on Friday, November 22nd. They issued an “overweight” rating and a $250.00 price objective for the company. Cantor Fitzgerald restated an “overweight” rating and set a $270.00 price objective on shares of NXP Semiconductors in a report on Monday, November 4th. Barclays reduced their target price on NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Citic Securities began coverage on shares of NXP Semiconductors in a research note on Friday, October 11th. They issued a $288.00 price target for the company. Finally, Loop Capital began coverage on shares of NXP Semiconductors in a research note on Monday, November 11th. They set a “buy” rating and a $300.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $271.60.

NXP Semiconductors Stock Down 0.2 %

NXP Semiconductors stock opened at $214.88 on Wednesday. The firm has a market capitalization of $54.61 billion, a P/E ratio of 20.50, a P/E/G ratio of 3.23 and a beta of 1.47. The company has a 50-day simple moving average of $217.27 and a 200-day simple moving average of $235.49. NXP Semiconductors has a one year low of $202.25 and a one year 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 announced its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, beating the consensus estimate of $3.43 by $0.02. The company had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.25 billion. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. NXP Semiconductors’s revenue was down 5.4% compared to the same quarter last year. During the same quarter last year, the business earned $3.31 earnings per share. As a group, equities analysts expect that NXP Semiconductors will post 11.33 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th were given a dividend of $1.014 per share. The ex-dividend date was Thursday, December 5th. This represents a $4.06 dividend on an annualized basis and a yield of 1.89%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 38.74%.

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.